Companhia Paranaense de Energia - Copel Unsponsored ADR $ELPC Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. boosted its stake in Companhia Paranaense de Energia - Copel (NYSE:ELPC) by 288.1% in Q4, acquiring an additional 485,063 shares to hold 653,418 shares worth about $6.21 million (0.09% of the company).
• Director Pedro Franco Sales sold 153,700 shares on April 8 at an average price of $3.19, reducing his position by 67.25% in a transaction totaling roughly $490,303.
• Analysts are generally bullish with several upgrades (including Scotiabank and Wall Street Zen to "strong-buy" and Goldman Sachs initiating coverage with a "buy" and $10.40 target); the stock recently traded near $13.36 with a market cap of about $9.94 billion.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Free Report) by 288.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 653,418 shares of the company's stock after buying an additional 485,063 shares during the period. Robeco Institutional Asset Management B.V. owned 0.09% of Companhia Paranaense de Energia - Copel worth $6,214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ELPC. Optiver Holding B.V. boosted its stake in Companhia Paranaense de Energia - Copel by 4.0% during the third quarter. Optiver Holding B.V. now owns 299,739 shares of the company's stock worth $2,686,000 after buying an additional 11,611 shares during the last quarter. GAMMA Investing LLC boosted its stake in Companhia Paranaense de Energia - Copel by 35,238.9% during the fourth quarter. GAMMA Investing LLC now owns 12,722 shares of the company's stock worth $121,000 after buying an additional 12,686 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Companhia Paranaense de Energia - Copel during the fourth quarter worth $921,000. Blue Trust Inc. boosted its stake in Companhia Paranaense de Energia - Copel by 2,635.1% during the fourth quarter. Blue Trust Inc. now owns 48,055 shares of the company's stock worth $457,000 after buying an additional 46,298 shares during the last quarter. Finally, Perpetual Ltd acquired a new position in Companhia Paranaense de Energia - Copel during the fourth quarter worth $276,000.

Insider Transactions at Companhia Paranaense de Energia - Copel

In related news, Director Pedro Franco Sales sold 153,700 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $3.19, for a total transaction of $490,303.00. Following the transaction, the director owned 74,844 shares of the company's stock, valued at approximately $238,752.36. This represents a 67.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Companhia Paranaense de Energia - Copel Trading Down 1.7%

ELPC opened at $13.36 on Thursday. The stock's 50-day moving average price is $11.56 and its 200 day moving average price is $10.25. Companhia Paranaense de Energia - Copel Unsponsored ADR has a 12-month low of $6.61 and a 12-month high of $13.64. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 4.30 and a beta of -0.11.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $4.52 billion.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ELPC. Wall Street Zen raised Companhia Paranaense de Energia - Copel from a "buy" rating to a "strong-buy" rating in a research note on Sunday, April 5th. Scotiabank raised Companhia Paranaense de Energia - Copel to a "strong-buy" rating in a research note on Friday, January 9th. Zacks Research raised Companhia Paranaense de Energia - Copel to a "hold" rating in a research note on Friday, January 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group began coverage on Companhia Paranaense de Energia - Copel in a research note on Wednesday, January 28th. They issued a "buy" rating and a $10.40 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $10.40.

About Companhia Paranaense de Energia - Copel

Companhia Paranaense de Energia – Copel is a Brazilian utility company primarily engaged in the generation, transmission and distribution of electricity. Established in 1954, Copel operates a diversified portfolio of power plants, with a strong emphasis on hydroelectric facilities supplemented by thermal and renewable energy sources. The company's integrated network spans the entirety of Paraná state, delivering electricity services to residential, commercial and industrial customers through a combination of high-voltage transmission lines and local distribution networks.

In addition to its core power business, Copel has expanded into telecommunications through its Copel Telecom subsidiary.

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