Companhia Paranaense de Energia – COPEL (NYSE:ELP) Sets New 12-Month Low – Should You Sell?

Companhia Paranaense de Energia – COPEL (NYSE:ELP) shares hit a new 52-week low on Wednesday . The company traded as low as $5.92 and last traded at $5.92, with a volume of 37539 shares trading hands. The stock had previously closed at $6.09.

Companhia Paranaense de Energia – COPEL Price Performance

The stock has a market capitalization of $3.28 billion, a P/E ratio of 11.11 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. The firm has a fifty day moving average price of $6.60 and a two-hundred day moving average price of $7.06.

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

Companhia Paranaense de Energia – COPEL Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its stake in Companhia Paranaense de Energia – COPEL by 20.0% during 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 acquiring an additional 258,198 shares during the period. Van ECK Associates Corp lifted its stake 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 lifted 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 buying an additional 171,658 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Companhia Paranaense de Energia – COPEL in the 3rd quarter worth $514,000. Finally, Marshall Wace LLP purchased a new stake in Companhia Paranaense de Energia – COPEL in the 2nd quarter worth $281,000. 3.80% of the stock is currently owned by institutional investors.

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.