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

Companhia Paranaense de Energia – COPEL (NYSE:ELP) gapped down prior to trading 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.

Companhia Paranaense de Energia – COPEL Stock Up 2.5 %

The company’s fifty day simple moving average is $7.13 and its 200 day simple moving average is $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 earnings per share (EPS) for the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 8.72% and a net margin of 10.17%. The company had revenue of $1.09 billion for the quarter. On average, equities 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 disclosed a Variable dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.031 per share. The ex-dividend date is Thursday, May 2nd.

Institutional Investors Weigh In On Companhia Paranaense de Energia – COPEL

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

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.