Companhia Paranaense de Energia - Copel (NYSE:ELPC) Shares Gap Down - Time to Sell?

Key Points

• Copel shares fell sharply: ELPC opened at $12.71 versus a prior close of $13.91 and last traded near $11.92, marking a reported 20.1% decline.
• Analyst sentiment remains moderately positive but has weakened: Wall Street Zen downgraded the stock from “Buy” to “Hold,” while the consensus rating is “Moderate Buy” with a $10.40 price target.
• Recent financial results exceeded expectations: Copel reported quarterly earnings of $0.16 per share versus a $0.14 estimate and revenue of $1.18 billion, while also declaring a special dividend of $0.1904 per share.

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $13.91, but opened at $12.71. Companhia Paranaense de Energia - Copel shares last traded at $11.9160, with a volume of 528,200 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ELPC. Wall Street Zen cut Companhia Paranaense de Energia - Copel from a "buy" rating to a "hold" rating in a research note on Sunday, September 13th. Weiss Ratings restated a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.40.

Companhia Paranaense de Energia - Copel Stock Down 20.1%

The business's 50 day moving average is $12.56 and its two-hundred day moving average is $12.15. The firm has a market capitalization of $8.28 billion, a P/E ratio of 16.01, a PEG ratio of 1.69 and a beta of -0.10.

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

Companhia Paranaense de Energia - Copel Dividend Announcement

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

Insider Buying and Selling at Companhia Paranaense de Energia - Copel

In other news, Director Pedro Sales sold 50,000 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $86,457.12. This represents a 66.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC bought a new position in Companhia Paranaense de Energia - Copel during the fourth quarter valued at about $1,730,000. Quantinno Capital Management LP grew its holdings in Companhia Paranaense de Energia - Copel by 27.1% during the first quarter. Quantinno Capital Management LP now owns 394,375 shares of the company's stock worth $4,709,000 after acquiring an additional 84,121 shares during the period. Principal Financial Group Inc. acquired a new position in Companhia Paranaense de Energia - Copel during the first quarter worth about $540,000. NewEdge Advisors LLC raised its position in Companhia Paranaense de Energia - Copel by 16,094.0% in the second quarter. NewEdge Advisors LLC now owns 40,323 shares of the company's stock worth $470,000 after acquiring an additional 40,074 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in Companhia Paranaense de Energia - Copel in the second quarter worth about $291,000.

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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