Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Gap Down – Here’s What Happened

Companhia Paranaense de Energia – COPEL (NYSE:ELP)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $5.93, but opened at $5.78. Companhia Paranaense de Energia – COPEL shares last traded at $5.84, with a volume of 37,663 shares traded.

Companhia Paranaense de Energia – COPEL Stock Performance

The business’s fifty day moving average price is $6.36 and its 200-day moving average price is $6.98. The stock has a market cap of $3.17 billion, a PE ratio of 10.72 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45.

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

Companhia Paranaense de Energia – COPEL Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were issued a $0.1441 dividend. The ex-dividend date of this dividend was Friday, December 13th. Companhia Paranaense de Energia – COPEL’s payout ratio is currently 31.48%.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

Institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. raised its holdings in Companhia Paranaense de Energia – COPEL by 20.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,550,046 shares of the utilities provider’s stock worth $11,532,000 after purchasing an additional 258,198 shares during the period. Van ECK Associates Corp lifted its position in shares of Companhia Paranaense de Energia – COPEL by 222.9% during the 2nd quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider’s stock valued at $1,784,000 after buying an additional 184,167 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Companhia Paranaense de Energia – COPEL by 456.9% during the 3rd quarter. Jane Street Group LLC now owns 209,228 shares of the utilities provider’s stock valued at $1,557,000 after acquiring an additional 171,658 shares during the period. Trium Capital LLP increased its holdings in Companhia Paranaense de Energia – COPEL by 36.0% in the 3rd quarter. Trium Capital LLP now owns 130,919 shares of the utilities provider’s stock worth $974,000 after acquiring an additional 34,643 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Companhia Paranaense de Energia – COPEL by 11.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 72,216 shares of the utilities provider’s stock worth $483,000 after acquiring an additional 7,540 shares in the last quarter. 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.