Companhia Paranaense de Energia Concludes Preferred Share Conversion Withdrawal Period and Confirms 2025 Earnings Distribution

Companhia Paranaense de Energia Pfd ( (ELP) ) has provided an update.

On December 19, 2025, Copel reported that the withdrawal period for dissenting preferred shareholders opposing the mandatory conversion of its PNA preferred shares into common and class C preferred shares, approved at a special preferred shareholders’ meeting on November 17, 2025, ended on December 18, 2025. Only holders of 738 PNA shares exercised withdrawal rights, resulting in a reimbursement obligation of R$ 6,381.21, to be paid on December 19, 2025, and the company confirmed it will not call a new meeting to reconsider the conversion and that no special balance sheet was requested, signaling broad acceptance of its capital restructuring. Copel also reaffirmed its previously announced earnings distribution schedule, maintaining a total of R$ 1.1 billion in interest on equity to be paid on January 19, 2026, and R$ 1.35 billion in dividends to be paid by June 30, 2026, with a record date of December 30, 2025 and ex-date of January 2, 2026, underscoring a strong shareholder remuneration policy and providing visibility on cash returns to investors.

The most recent analyst rating on (ELP) stock is a Buy with a $12.50 price target. To see the full list of analyst forecasts on Companhia Paranaense de Energia Pfd stock, see the ELP Stock Forecast page.

Spark’s Take on ELP Stock

According to Spark, TipRanks’ AI Analyst, ELP is a Outperform.

Companhia Paranaense de Energia Pfd exhibits strong financial and operational performance, supported by robust technical indicators. However, concerns about increasing leverage, negative free cash flow, and challenges in generation curtailment slightly temper the overall outlook. The attractive dividend yield provides a cushion, but the valuation is not particularly compelling.

To see Spark’s full report on ELP stock, click here.

More about Companhia Paranaense de Energia Pfd

Companhia Paranaense de Energia (Copel) is a Brazilian energy utility based in Curitiba, Paraná, operating in the generation, transmission, distribution, and sale of electricity. The company serves the state of Paraná and is listed on B3, the NYSE, and Latibex, with both common and preferred shares traded in domestic and international capital markets.

Average Trading Volume: 254,415

Technical Sentiment Signal: Buy

Current Market Cap: $7.17B

See more data about ELP stock on TipRanks’ Stock Analysis page.