Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Gap Up to $7.29

Companhia Paranaense de Energia – COPEL (NYSE:ELP)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $7.29, but opened at $7.46. Companhia Paranaense de Energia – COPEL shares last traded at $7.44, with a volume of 130,799 shares.

Companhia Paranaense de Energia – COPEL Price Performance

The company has a current ratio of 1.57, a quick ratio of 1.55 and a debt-to-equity ratio of 0.55. The company’s fifty day moving average is $7.50 and its two-hundred day moving average is $7.38. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 9.44 and a beta of 1.02.

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

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently declared 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 is presently 8.86%.

Institutional Investors Weigh In On Companhia Paranaense de Energia – COPEL

Several large investors have recently bought and sold shares of ELP. Dynamic Technology Lab Private Ltd acquired a new position in shares of Companhia Paranaense de Energia – COPEL during the fourth quarter worth about $98,000. SPX Gestao de Recursos Ltda grew its holdings in Companhia Paranaense de Energia – COPEL by 19.2% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,805,325 shares of the utilities provider’s stock worth $15,309,000 after acquiring an additional 291,177 shares in the last quarter. Dorsey Wright & Associates purchased a new stake in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter valued at approximately $1,095,000. AdvisorShares Investments LLC acquired a new stake in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $265,000. Finally, Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in shares of Companhia Paranaense de Energia – COPEL during the 4th quarter worth $25,163,000. Hedge funds and other institutional investors own 3.80% of the company’s stock.

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.