ELPC · NYSE · Regulated Electric

Copel (ADR) (ELPC)

Operates Paraná's regulated electricity system from generation and transmission through distribution and trading.

$12.68
vs last close+0.02 (+0.12%)
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Companhia Paranaense de EnergiaELPC
Utilities

Provides electricity generation, transmission, distribution, and commercialization in Paraná, Brazil. Its integrated utility system operates under Brazil's power regulation and has been refocused on larger generation assets.

Runs a regulated electricity system across the state of Paraná, Brazil, spanning generation and transmission, distribution, and energy commercialization. Copel Geração e Transmissão handles power production and transmission, while Copel Distribuição serves the distribution network and Copel Comercialização handles energy trading.

Recent divestments of piped-gas, smaller-generation, and other interests have refocused the portfolio on larger electricity assets. Created to carry out Paraná's electrification program, it now operates as a dispersed-capital corporation without a controlling shareholder.

Brazil's electricity regulator, Aneel, governs the core activities, and hydroelectric concessions set a long-term operating framework.

Company facts

CEODaniel Pimentel Slaviero
ListedDec 29, 2023
ExchangeNYSE
HeadquartersCuritiba, Brazil
CountryBrazil
Employees4,276
CIK0001041792
ISINUS20441B7047

Market cap$2.35B
EPS (ttm)$3.39
P/E (ttm)3.73
ROE13.2%
P/B0.4973
P/S0.4291
Dividend yieldDiv yield4.11%
Beta0.95vs XLU 0.38

No analyst consensus on record.

Next report
Nov 12, 26
in 51 days
EPS estimate
$0.12
Revenue estimate
$982.0M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.11$0.15$0.10$0.11$0.11$0.16$0.16Pending
Estimate$0.19$0.10$0.09$0.13$0.14$0.19$0.14$0.12
Surprise−42.8%+48.1%+15.2%−14.1%−21.5%−15.8%+14.3%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$1.03B$1.01B$1.14B$1.28B$1.38B$1.38B$1.17BPending
Estimate$876.1M$900.6M$879.6M$940.0M$954.1M$1.13B$1.17B$982.0M
Surprise+17.1%+12.0%+29.4%+35.8%+44.9%+22.2%−0.1%
Estimate$0.12
ReportedDue Nov 12, 2026
Estimate$982.0M
ReportedDue Nov 12, 2026
View details

Debt to equity97.70%
Current ratio130.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.12B$1.18B$1.15B$1.22B$1.33B$1.43B$1.36B$1.35B
Net income$238.6M$114.8M$130.2M$111.9M$75.2M$211.9M$132.9M$204.9M
Net margin21.3%9.7%11.3%9.2%5.6%14.8%9.8%15.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$183.1M$152.0M$250.7M$219.4M$251.2M$261.1M$280.8M$280.0M
YoY growth+627.0%−23.7%+36.7%+35.1%+37.2%+71.8%+12.0%+27.6%

Balance sheet, Jun 30, 2026Cash & short-term investments $668.1M · Total debt $4.61B · Total assets $12.06B · Shareholders' equity $4.72B

Revenue
$1.35B
Operating income
$280.0M
Net income
$204.9M

Reported in BRL, converted at the latest exchange rate

View details

Dividend yield
4.11%
Next ex-date
Nov 1, 26
estimated · in 40 days
Annual dividend
$0.52
per share
Schedule
Semi-annual
2 payments a year

HistoryDividendAnnual yield

May '24Oct '24Jan '26Jan '26May '26
Dividend$0.0298$0.1023$0.2758$0.3298$0.1904
Annual yield0.46%2.00%3.09%6.72%6.30%
Ex-dateMay 2Oct 2Jan 2Jan 5May 1
Payment dateJul 8Dec 9Jan 29Jul 10Oct 13
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Institutions≈ 11.23%20.85M ADS
140 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Other≈ 88.77%164.75M ADS
remainder

185.60M ADS as of Aug 30, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count has not been confirmed by a second filing; stakes use it as it stands.

Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Letko, Brosseau & Associates IncInstitution
3.95%7.33M ADSas of Jun 30, 2026
BlackRock, Inc.Institution
1.64%3.05M ADSas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
1.09%2.03M ADSas of Jun 30, 2026
Morgan StanleyInstitution
0.55%1.01M ADSas of Jun 30, 2026
Robeco Institutional Asset Management B.V.Institution
0.48%899,902 ADSas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 16, 2026Marco Antonio Villela de Abreudirector−32,490$2.94
Apr 8, 2026Pedro Franco Salesdirector−153,700$3.19
View details

  • AXIA Energia (ADR)

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Compare

CompanyPriceChange
Copel (ADR)$12.68+0.12%$2.35B3.723.40.4+2.8%
AXIA Energia (ADR)$10.22−2.39%$23.29B9.913.72.7+12.6%
Cemig (ADR)$2.16+0.47%$6.15B6.813.60.7+6.8%
Median8.413.71.7+9.7%