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

Key Points

• Robeco Institutional Asset Management cut its Copel holdings by 34% in the third quarter, selling 305,687 shares and retaining 594,215 shares valued at approximately $7.38 million.
• Analyst sentiment remains generally positive, with Copel carrying a “Moderate Buy” consensus rating and an average price target of $10.40, despite downgrades to “Hold” from some research firms.
• Copel reported quarterly earnings of $0.16 per share, exceeding estimates by $0.02, and revenue of $1.18 billion. The company also paid a special dividend of $0.1904 per share.

Robeco Institutional Asset Management B.V. lowered its holdings in Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Free Report) by 34.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 594,215 shares of the company's stock after selling 305,687 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.08% of Companhia Paranaense de Energia - Copel worth $7,380,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Companhia Paranaense de Energia - Copel by 23.0% during the first quarter. EverSource Wealth Advisors LLC now owns 7,373 shares of the company's stock worth $88,000 after purchasing an additional 1,379 shares during the period. Altar Rock LLC purchased a new position in Companhia Paranaense de Energia - Copel in the second quarter valued at about $121,000. Corient Private Wealth LP acquired a new position in Companhia Paranaense de Energia - Copel in the 2nd quarter worth about $120,000. SmartHarvest Portfolios LLC acquired a new position in Companhia Paranaense de Energia - Copel in the 1st quarter worth about $131,000. Finally, Venturi Wealth Management LLC increased its position in Companhia Paranaense de Energia - Copel by 10.6% in the 1st quarter. Venturi Wealth Management LLC now owns 11,166 shares of the company's stock worth $133,000 after purchasing an additional 1,068 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Companhia Paranaense de Energia - Copel from a "buy" rating to a "hold" rating in a research note on Sunday, September 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a research note on Thursday, October 15th. One 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $10.40.

Companhia Paranaense de Energia - Copel Price Performance

Companhia Paranaense de Energia - Copel stock opened at $13.89 on Friday. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.69 and a beta of -0.11. Companhia Paranaense de Energia - Copel Unsponsored ADR has a one year low of $8.73 and a one year high of $14.51. The company's fifty day moving average price is $12.56 and its two-hundred day moving average price is $12.15.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. As a group, sell-side analysts anticipate that Companhia Paranaense de Energia - Copel Unsponsored ADR will post 0.82 earnings per share for the current year.

Companhia Paranaense de Energia - Copel Announces Dividend

The business also recently declared a special dividend, which was paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st were issued a dividend of $0.1904 per share. The ex-dividend date was Friday, May 1st. Companhia Paranaense de Energia - Copel's dividend payout ratio (DPR) is 85.71%.

Insider Activity at Companhia Paranaense de Energia - Copel

In other news, Director Pedro Sales sold 50,000 shares of the business's stock in a transaction on Monday, October 19th. The shares were sold at an average price of $3.48, for a total value of $174,000.00. Following the completion of the sale, the director directly owned 24,844 shares in the company, valued at approximately $86,457.12. The trade was a 66.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Companhia Paranaense de Energia - Copel Company Profile

Companhia Paranaense de Energia, known as Copel, is a Brazilian energy and telecommunications company headquartered in the state of Paraná. Founded in 1954, the company operates primarily in Brazil and has historically played a central role in the development of Paraná's electricity infrastructure.

Copel's principal activities include the generation, transmission and distribution of electricity. Its generation portfolio includes hydroelectric and wind power assets, while its transmission and distribution businesses deliver electricity to customers across Paraná.

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