Companhia Paranaense de Energia – COPEL (NYSE:ELP) Stock Price Crosses Above Two Hundred Day Moving Average of $7.40

Companhia Paranaense de Energia – COPEL (NYSE:ELP)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.40 and traded as high as $7.78. Companhia Paranaense de Energia – COPEL shares last traded at $7.29, with a volume of 1,648,526 shares changing hands.

Companhia Paranaense de Energia – COPEL Price Performance

The firm has a 50-day moving average of $7.50 and a 200 day moving average of $7.40. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.57 and a quick ratio of 1.55. The company has a market capitalization of $3.99 billion, a PE ratio of 9.23 and a beta of 1.02.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 10.87% and a return on equity of 9.07%. The firm had revenue of $1.05 billion for the quarter. As a group, research analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.13 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently announced a Variable dividend, which will be paid on Monday, December 9th. Shareholders of record on Wednesday, October 2nd will be given a $0.0705 dividend. The ex-dividend date is Wednesday, October 2nd. Companhia Paranaense de Energia – COPEL’s dividend payout ratio (DPR) is presently 17.72%.

Institutional Trading of Companhia Paranaense de Energia – COPEL

A number of hedge funds have recently bought and sold shares of ELP. Creekmur Asset Management LLC purchased a new stake in Companhia Paranaense de Energia – COPEL during the fourth quarter valued at approximately $33,000. Signaturefd LLC increased its stake in shares of Companhia Paranaense de Energia – COPEL by 41.1% in the 2nd quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 3,341 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter worth $98,000. Blue Trust Inc. raised its holdings in Companhia Paranaense de Energia – COPEL by 205.3% in the 2nd quarter. Blue Trust Inc. now owns 17,729 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 11,922 shares during the period. Finally, Ballentine Partners LLC lifted its position in Companhia Paranaense de Energia – COPEL by 28.0% during the first quarter. Ballentine Partners LLC now owns 18,243 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 3,987 shares in the last quarter. Hedge funds and other institutional investors own 3.80% of the company’s stock.

About Companhia Paranaense de Energia – COPEL

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.