Companhia Paranaense de Energia – COPEL (NYSE:ELP) Hits New 1-Year Low – What’s Next?

Companhia Paranaense de Energia – COPEL (NYSE:ELP) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $5.72 and last traded at $5.74, with a volume of 51024 shares traded. The stock had previously closed at $5.93.

Companhia Paranaense de Energia – COPEL Trading Down 2.5 %

The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.51. The firm has a market cap of $3.16 billion, a P/E ratio of 10.70 and a beta of 0.99. The firm’s 50-day simple moving average is $6.28 and its 200 day simple moving average is $6.95.

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

Companhia Paranaense de Energia – COPEL Cuts Dividend

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

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

Several large investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in Companhia Paranaense de Energia – COPEL in the 3rd quarter worth approximately $34,000. GAMMA Investing LLC lifted its position in shares of Companhia Paranaense de Energia – COPEL by 61.2% during the third quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 2,043 shares in the last quarter. Signaturefd LLC lifted its position in shares of Companhia Paranaense de Energia – COPEL by 12.6% during the third quarter. Signaturefd LLC now owns 12,929 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 1,451 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of Companhia Paranaense de Energia – COPEL by 16.6% in the third quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider’s stock worth $127,000 after acquiring an additional 2,441 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Companhia Paranaense de Energia – COPEL in the third quarter valued at $135,000. Hedge funds and other 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.