Companhia Paranaense de Energia – Copel (NYSE:ELPC) Sees Unusually-High Trading Volume – Still a Buy?

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) shares saw unusually-strong trading volume on Monday . Approximately 11,119 shares changed hands during trading, an increase of 36% from the previous session’s volume of 8,162 shares.The stock last traded at $9.21 and had previously closed at $9.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Companhia Paranaense de Energia – Copel Price Performance

The firm has a 50-day simple moving average of $9.75 and a 200 day simple moving average of $8.86. The company has a market capitalization of $10.11 billion, a PE ratio of 18.53 and a beta of -0.02.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last posted its earnings results on Wednesday, December 3rd. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $1.28 billion during the quarter.

Companhia Paranaense de Energia – Copel Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, January 5th will be given a $0.3299 dividend. The ex-dividend date of this dividend is Monday, January 5th. Companhia Paranaense de Energia – Copel’s dividend payout ratio is presently 45.10%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP acquired a new stake in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,250 shares of the company’s stock, valued at approximately $28,000.

Companhia Paranaense de Energia – Copel Company Profile

Companhia Paranaense de Energia – Copel is a Brazilian utility company primarily engaged in the generation, transmission and distribution of electricity. Established in 1954, Copel operates a diversified portfolio of power plants, with a strong emphasis on hydroelectric facilities supplemented by thermal and renewable energy sources. The company’s integrated network spans the entirety of Paraná state, delivering electricity services to residential, commercial and industrial customers through a combination of high-voltage transmission lines and local distribution networks.

In addition to its core power business, Copel has expanded into telecommunications through its Copel Telecom subsidiary.