Insider Selling: Companhia Paranaense de Energia - Copel (NYSE:ELPC) Director Sells 153,700 Shares of Stock

Key Points

• Director Pedro Franco sold 153,700 shares at an average price of $3.19 for a total of $490,303, cutting his ownership by 67.25% to 74,844 shares; the transaction was disclosed in an SEC filing.
• NYSE:ELPC traded at $13.13 mid-day (near its 12‑month high of $13.15), with a market cap of $9.78 billion and a P/E ratio of 23.88.
• Analyst coverage is mixed but averages a “Moderate Buy” rating with an average price target of $10.40, ranging from Hold to Strong‑Buy among recent reports.

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) Director Pedro Franco Sales sold 153,700 shares of the business's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $3.19, for a total transaction of $490,303.00. Following the completion of the transaction, the director owned 74,844 shares in the company, valued at approximately $238,752.36. This trade represents a 67.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Companhia Paranaense de Energia - Copel Stock Performance

Shares of NYSE ELPC traded up $0.34 during mid-day trading on Thursday, hitting $13.13. 402,877 shares of the stock were exchanged, compared to its average volume of 331,594. Companhia Paranaense de Energia - Copel Unsponsored ADR has a twelve month low of $6.26 and a twelve month high of $13.15. The stock's fifty day simple moving average is $11.24 and its two-hundred day simple moving average is $10.10. The company has a market cap of $9.78 billion, a P/E ratio of 23.88, a PEG ratio of 3.91 and a beta of -0.11.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.11 EPS 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 the consensus estimate of $4.52 billion.

Analysts Set New Price Targets

ELPC has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on Companhia Paranaense de Energia - Copel in a research report on Wednesday, January 28th. They set a "buy" rating and a $10.40 price target on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a research note on Wednesday, January 21st. Scotiabank upgraded Companhia Paranaense de Energia - Copel to a "strong-buy" rating in a research report on Friday, January 9th. Zacks Research upgraded Companhia Paranaense de Energia - Copel to a "hold" rating in a research report on Friday, January 30th. Finally, Wall Street Zen upgraded Companhia Paranaense de Energia - Copel from a "buy" rating to a "strong-buy" rating in a research report on Sunday. 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $10.40.

Institutional Investors Weigh In On Companhia Paranaense de Energia - Copel

A number of institutional investors have recently made changes to their positions in ELPC. Federation des caisses Desjardins du Quebec lifted its stake in Companhia Paranaense de Energia - Copel by 143.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company's stock valued at $27,000 after buying an additional 1,650 shares during the period. Arax Advisory Partners bought a new stake in shares of Companhia Paranaense de Energia - Copel in the 4th quarter valued at about $45,000. Farther Finance Advisors LLC increased its stake in shares of Companhia Paranaense de Energia - Copel by 8,715.5% in the 4th quarter. Farther Finance Advisors LLC now owns 5,113 shares of the company's stock valued at $49,000 after acquiring an additional 5,055 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Companhia Paranaense de Energia - Copel in the 4th quarter valued at about $49,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Companhia Paranaense de Energia - Copel by 222.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,994 shares of the company's stock valued at $57,000 after acquiring an additional 4,134 shares during the last quarter.

Companhia Paranaense de Energia - Copel Company 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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