Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Up 4.5% – Here’s Why

Companhia Paranaense de Energia – COPEL (NYSE:ELP)’s stock price was up 4.5% on Thursday . The company traded as high as $6.02 and last traded at $6.02. Approximately 186,298 shares changed hands during trading, a decline of 39% from the average daily volume of 303,238 shares. The stock had previously closed at $5.76.

Companhia Paranaense de Energia – COPEL Stock Performance

The firm has a market cap of $3.30 billion, a P/E ratio of 11.17 and a beta of 1.00. The stock’s 50-day moving average price is $6.62 and its 200 day moving average price is $7.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43.

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

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a dividend of $0.1441 per share. The ex-dividend date is Friday, December 13th. Companhia Paranaense de Energia – COPEL’s dividend payout ratio (DPR) is presently 31.48%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in Companhia Paranaense de Energia – COPEL by 456.9% during the third quarter. Jane Street Group LLC now owns 209,228 shares of the utilities provider’s stock worth $1,557,000 after buying an additional 171,658 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Companhia Paranaense de Energia – COPEL by 33.1% in the 3rd quarter. Quantinno Capital Management LP now owns 21,909 shares of the utilities provider’s stock valued at $163,000 after buying an additional 5,445 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Companhia Paranaense de Energia – COPEL during the 3rd quarter worth approximately $34,000. Walleye Capital LLC acquired a new stake in shares of Companhia Paranaense de Energia – COPEL during the 3rd quarter worth approximately $135,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Companhia Paranaense de Energia – COPEL during the third quarter valued at approximately $171,000. 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.