Hennion & Walsh Asset Management Inc. Takes $921,000 Position in Companhia Paranaense de Energia - Copel Unsponsored ADR $ELPC

Key Points

• Hennion & Walsh Asset Management established a new stake in Companhia Paranaense de Energia (NYSE:ELPC), purchasing 96,800 shares worth about $921,000 in the fourth quarter.
• Copel reported Q4 EPS of $0.11, topping estimates of $0.08, while revenue came in at $1.25 billion, well below analysts' $4.52 billion projection.
• ELPC is trading near its 12-month high (opened at $12.37; range $6.13–$12.51), has a market cap around $9.2 billion, and carries a consensus rating of “Moderate Buy” with an average target of $10.40.

Hennion & Walsh Asset Management Inc. purchased a new position in shares of Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 96,800 shares of the company's stock, valued at approximately $921,000.

Separately, GAMMA Investing LLC raised its holdings in Companhia Paranaense de Energia - Copel by 35,238.9% in the fourth quarter. GAMMA Investing LLC now owns 12,722 shares of the company's stock valued at $121,000 after acquiring an additional 12,686 shares in the last quarter.

Companhia Paranaense de Energia - Copel Price Performance

Companhia Paranaense de Energia - Copel stock opened at $12.37 on Friday. Companhia Paranaense de Energia - Copel Unsponsored ADR has a 12 month low of $6.13 and a 12 month high of $12.51. The company has a fifty day moving average price of $11.12 and a two-hundred day moving average price of $10.01. The company has a market cap of $9.20 billion, a PE ratio of 22.48, a P/E/G ratio of 3.91 and a beta of -0.11.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ELPC. Zacks Research raised shares of Companhia Paranaense de Energia - Copel to a "hold" rating in a report on Friday, January 30th. The Goldman Sachs Group assumed coverage on shares of Companhia Paranaense de Energia - Copel in a research note on Wednesday, January 28th. They issued a "buy" rating and a $10.40 target price on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a research report on Wednesday, January 21st. Wall Street Zen downgraded Companhia Paranaense de Energia - Copel from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 28th. Finally, Scotiabank upgraded Companhia Paranaense de Energia - Copel to a "strong-buy" rating in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $10.40.

Companhia Paranaense de Energia - Copel Profile

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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