Companhia Paranaense de Energia - Copel (NYSE:ELPC) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Copel from “hold” to “buy.” Analyst sentiment is broadly positive, with MarketBeat reporting a consensus “Buy” rating and a $10.40 average price target.
• Copel reported quarterly EPS of $0.18, beating the $0.13 consensus estimate, while revenue of $1.24 billion exceeded the $1.05 billion estimate.
• Director Pedro Sales sold 50,000 shares for $174,000, reducing his direct stake by 66.81%.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Companhia Paranaense de Energia - Copel from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, October 30th. Zacks Research raised shares of Companhia Paranaense de Energia - Copel from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Companhia Paranaense de Energia - Copel currently has a consensus rating of "Buy" and a consensus target price of $10.40.

Companhia Paranaense de Energia - Copel Trading Up 2.2%

Shares of NYSE ELPC opened at $10.89 on Friday. The company has a market capitalization of $8.11 billion and a P/E ratio of 17.48. Companhia Paranaense de Energia - Copel has a 12 month low of $8.86 and a 12 month high of $14.51. The stock has a 50 day moving average of $12.39 and a 200-day moving average of $11.82.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last posted its quarterly earnings results on Thursday, November 12th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.05. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.05 billion. Analysts predict that Companhia Paranaense de Energia - Copel will post 0.82 EPS for the current fiscal year.

Insider Transactions at Companhia Paranaense de Energia - Copel

In other Companhia Paranaense de Energia - Copel news, Director Pedro Sales sold 50,000 shares of the company's stock in a transaction on Monday, October 19th. The stock was sold at an average price of $3.48, for a total value of $174,000.00. Following the transaction, the director directly owned 24,844 shares of the company's stock, valued at $86,457.12. This represents a 66.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Companhia Paranaense de Energia - Copel

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Letko Brosseau & Associates Inc. grew its position in shares of Companhia Paranaense de Energia - Copel by 6.5% during the 3rd quarter. Letko Brosseau & Associates Inc. now owns 7,811,697 shares of the company's stock worth $97,021,000 after purchasing an additional 477,725 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Companhia Paranaense de Energia - Copel by 27.1% in the first quarter. Quantinno Capital Management LP now owns 394,375 shares of the company's stock valued at $4,709,000 after buying an additional 84,121 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Companhia Paranaense de Energia - Copel in the third quarter valued at approximately $1,003,000. Hsbc Holdings PLC raised its position in shares of Companhia Paranaense de Energia - Copel by 42.1% in the first quarter. Hsbc Holdings PLC now owns 258,536 shares of the company's stock valued at $3,087,000 after buying an additional 76,653 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Companhia Paranaense de Energia - Copel in the first quarter valued at approximately $540,000.

About Companhia Paranaense de Energia - Copel

Companhia Paranaense de Energia, known as Copel, is a Brazilian electric utility headquartered in Curitiba, Paraná. Established in 1954 by the state of Paraná, the company became a privately controlled corporation in 2023. Copel operates across the electricity sector, with activities that include power generation, transmission, distribution and energy trading. Its generation portfolio includes hydroelectric and renewable energy assets, and its transmission and generation operations extend beyond Paraná.

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