Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Gap Down to $6.74

Companhia Paranaense de Energia – COPEL (NYSE:ELP) gapped down before the market opened on Wednesday . The stock had previously closed at $6.74, but opened at $6.58. Companhia Paranaense de Energia – COPEL shares last traded at $6.62, with a volume of 15,445 shares trading hands.

Companhia Paranaense de Energia – COPEL Stock Up 2.5 %

The company has a fifty day moving average price of $7.13 and a 200-day moving average price of $7.71. The company has a quick ratio of 1.37, a current ratio of 1.39 and a debt-to-equity ratio of 0.51.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.04 EPS for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 10.17% and a return on equity of 8.72%. The business had revenue of $1.09 billion for the quarter. As a group, equities research analysts expect that Companhia Paranaense de Energia – COPEL will post 0.59 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently announced a Variable dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.031 per share. The ex-dividend date of this dividend is Thursday, May 2nd.

Institutional Trading of Companhia Paranaense de Energia – COPEL

Several institutional investors have recently bought and sold shares of ELP. Creekmur Asset Management LLC acquired a new position in Companhia Paranaense de Energia – COPEL during the fourth quarter worth $33,000. Blue Trust Inc. lifted its position in shares of Companhia Paranaense de Energia – COPEL by 44.9% in the fourth quarter. Blue Trust Inc. now owns 9,153 shares of the utilities provider’s stock valued at $80,000 after acquiring an additional 2,835 shares in the last quarter. Wrapmanager Inc. purchased a new stake in shares of Companhia Paranaense de Energia – COPEL during the fourth quarter worth approximately $91,000. Dynamic Technology Lab Private Ltd purchased a new position in Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $98,000. Finally, Profund Advisors LLC acquired a new stake in shares of Companhia Paranaense de Energia – COPEL in the third quarter valued at about $103,000. 3.80% of the stock is owned by institutional investors and hedge funds.

Companhia Paranaense de Energia – COPEL Company Profile

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.