Companhia Paranaense de Energia – COPEL (NYSE:ELP) Reaches New 1-Year Low – Here’s What Happened

Companhia Paranaense de Energia – COPEL (NYSE:ELP) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $6.28 and last traded at $6.29, with a volume of 73747 shares trading hands. The stock had previously closed at $6.43.

Companhia Paranaense de Energia – COPEL Trading Down 1.7 %

The business’s fifty day moving average price is $6.81 and its 200-day moving average price is $7.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $1.03 billion for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. On average, equities research analysts forecast that Companhia Paranaense de Energia – COPEL will post 0.12 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.1441 per share. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

Institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning boosted its holdings in shares of Companhia Paranaense de Energia – COPEL by 13.3% in the third quarter. Creative Planning now owns 65,614 shares of the utilities provider’s stock worth $488,000 after buying an additional 7,690 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Companhia Paranaense de Energia – COPEL by 20.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,550,046 shares of the utilities provider’s stock worth $11,532,000 after buying an additional 258,198 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Companhia Paranaense de Energia – COPEL by 61.2% in the third quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock worth $40,000 after buying an additional 2,043 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Companhia Paranaense de Energia – COPEL in the third quarter worth approximately $514,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Companhia Paranaense de Energia – COPEL by 222.9% in the second quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider’s stock worth $1,784,000 after buying an additional 184,167 shares during the last quarter. 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.