Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its stake in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 2,635.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,055 shares of the company’s stock after purchasing an additional 46,298 shares during the quarter. Blue Trust Inc.’s holdings in Companhia Paranaense de Energia – Copel were worth $457,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ELPC. Optiver Holding B.V. grew its position in Companhia Paranaense de Energia – Copel by 4.0% in the 3rd quarter. Optiver Holding B.V. now owns 299,739 shares of the company’s stock valued at $2,686,000 after buying an additional 11,611 shares during the last quarter. GAMMA Investing LLC raised its position in Companhia Paranaense de Energia – Copel by 35,238.9% during the 4th 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. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Companhia Paranaense de Energia – Copel during the 4th quarter worth $921,000.

Companhia Paranaense de Energia – Copel Stock Performance

Companhia Paranaense de Energia – Copel stock opened at $12.37 on Monday. The company has a market cap of $9.20 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 3.91 and a beta of -0.11. Companhia Paranaense de Energia – Copel Unsponsored ADR has a one year low of $6.13 and a one year high of $12.51. The business has a fifty day moving average of $11.12 and a two-hundred day moving average of $10.03.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $4.52 billion.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Scotiabank raised shares of Companhia Paranaense de Energia – Copel to a “strong-buy” rating in a report on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Wednesday, January 21st. Zacks Research upgraded shares of Companhia Paranaense de Energia – Copel to a “hold” rating in a research report on Friday, January 30th. Wall Street Zen upgraded shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, The Goldman Sachs Group assumed coverage on Companhia Paranaense de Energia – Copel in a report on Wednesday, January 28th. They issued a “buy” rating and a $10.40 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.