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

Companhia Paranaense de Energia – COPEL (NYSE:ELP) shares passed 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.

Companhia Paranaense de Energia – COPEL Stock Performance

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 business has a 50 day moving average price of $7.50 and a two-hundred day moving average price of $7.40. The stock has a market cap 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. The company 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, equities research analysts forecast that Companhia Paranaense de Energia – COPEL will post 0.13 EPS for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

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

Institutional Trading of Companhia Paranaense de Energia – COPEL

Hedge funds have recently modified their holdings of the business. Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in Companhia Paranaense de Energia – COPEL during the 4th quarter valued at about $25,163,000. SPX Gestao de Recursos Ltda grew its holdings in shares of Companhia Paranaense de Energia – COPEL by 19.2% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,805,325 shares of the utilities provider’s stock valued at $15,309,000 after buying an additional 291,177 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Companhia Paranaense de Energia – COPEL by 222.9% during the second quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider’s stock valued at $1,784,000 after acquiring an additional 184,167 shares in the last quarter. Dorsey Wright & Associates purchased a new position in Companhia Paranaense de Energia – COPEL in the 4th quarter worth approximately $1,095,000. Finally, Trium Capital LLP lifted its position in Companhia Paranaense de Energia – COPEL by 37.5% in the 2nd quarter. Trium Capital LLP now owns 96,276 shares of the utilities provider’s stock valued at $644,000 after acquiring an additional 26,277 shares in the last quarter. 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.