Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.53 and traded as high as $9.65. Companhia Paranaense de Energia (COPEL) shares last traded at $9.2950, with a volume of 755,876 shares trading hands.

Analyst Upgrades and Downgrades

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

Companhia Paranaense de Energia (COPEL) Stock Down 6.0%

The firm has a market cap of $5.53 billion, a P/E ratio of 77.46, a P/E/G ratio of 3.40 and a beta of 0.76. The company has a current ratio of 1.43, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $9.99 and a 200-day moving average price of $9.53.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last released its quarterly earnings data on Thursday, November 13th. The utilities provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Companhia Paranaense de Energia (COPEL) had a return on equity of 7.77% and a net margin of 8.66%.The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $972.33 million. On average, equities analysts forecast that Companhia Paranaense de Energia will post 0.12 EPS for the current fiscal year.

Companhia Paranaense de Energia (COPEL) Dividend Announcement

The firm also recently declared a special dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were given a $0.5732 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. Companhia Paranaense de Energia (COPEL)’s dividend payout ratio is presently 208.33%.

Hedge Funds Weigh In On Companhia Paranaense de Energia (COPEL)

A number of large investors have recently bought and sold shares of ELP. Signaturefd LLC boosted its position in Companhia Paranaense de Energia (COPEL) by 14.9% during the second quarter. Signaturefd LLC now owns 15,509 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 2,016 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Companhia Paranaense de Energia (COPEL) by 68.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,171 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 5,782 shares in the last quarter. Creative Planning lifted its position in shares of Companhia Paranaense de Energia (COPEL) by 18.4% during the second quarter. Creative Planning now owns 121,104 shares of the utilities provider’s stock valued at $1,106,000 after buying an additional 18,844 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Companhia Paranaense de Energia (COPEL) by 6,683.1% in the 2nd quarter. Allworth Financial LP now owns 13,227 shares of the utilities provider’s stock valued at $121,000 after buying an additional 13,032 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Companhia Paranaense de Energia (COPEL) by 876.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 11,730 shares of the utilities provider’s stock worth $107,000 after buying an additional 10,529 shares during the last quarter. Institutional investors own 3.80% of the company’s stock.

About Companhia Paranaense de Energia (COPEL)

Companhia Paranaense de Energia (COPEL) is a leading integrated electric utility based in the state of Paraná, Brazil. Established in 1954 and headquartered in Curitiba, COPEL operates across the full value chain of the power sector, including generation, transmission, distribution and commercialization of electricity. The company’s operations are organized to serve residential, commercial, industrial and rural customers, making COPEL one of the primary energy providers in southern Brazil.

In its generation portfolio, COPEL leverages a diverse mix of hydroelectric, thermal and renewable resources.