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Copel Discloses Reduction of SPX Stake to 3.5% of Common Shares

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Copel Discloses Reduction of SPX Stake to 3.5% of Common Shares

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The latest announcement is out from Companhia Paranaense de Energia Pfd ( (ELP) ).

On December 23, 2025, Copel received notice from asset manager SPX Gestão de Recursos Ltda. that SPX had reduced its stake in the company, disposing of part of its holdings in Copel’s common shares. Following transactions carried out over recent days, including trades in ordinary shares, ADRs and stock lending operations, SPX now holds 104,528,334 Copel common shares, equivalent to about 3.50% of Copel’s outstanding common share capital, and reported additional positions in borrowed shares, short ADRs and cash-settled derivatives. Copel disclosed the change on December 24, 2025, in compliance with Brazilian securities regulations governing material shareholding changes, signaling a shift in the ownership profile that may be relevant to market participants monitoring the company’s free float and institutional investor participation.

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 electric utility based in Curitiba, Paraná, operating in the generation, transmission, distribution and sale of electricity. Its shares trade in Brazil on B3 and internationally on the NYSE and Latibex, giving it access to both domestic and foreign capital markets and a diversified investor base.

Average Trading Volume: 295,487

Technical Sentiment Signal: Buy

Current Market Cap: $6.98B

See more insights into ELP stock on TipRanks’ Stock Analysis page.

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