Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Gap Down – Time to Sell?

Companhia Paranaense de Energia – COPEL (NYSE:ELPGet Free Report)’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 changing hands.

Companhia Paranaense de Energia – COPEL Trading Down 1.2 %

The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. The stock has a market cap of $3.21 billion, a P/E ratio of 10.85 and a beta of 1.00. The business’s fifty day simple moving average is $6.40 and its 200 day simple moving average is $6.99.

Companhia Paranaense de Energia – COPEL (NYSE:ELPGet Free Report) last announced its quarterly earnings results 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 company had revenue of $1.03 billion during the quarter. As a group, analysts expect that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

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

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 41.1% during the second quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock worth $77,000 after buying an additional 3,341 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Companhia Paranaense de Energia – COPEL by 222.9% during the second quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider’s stock valued at $1,784,000 after acquiring an additional 184,167 shares during the last quarter. Trium Capital LLP lifted its holdings in shares of Companhia Paranaense de Energia – COPEL by 37.5% during the second quarter. Trium Capital LLP now owns 96,276 shares of the utilities provider’s stock worth $644,000 after purchasing an additional 26,277 shares during the period. Dimensional Fund Advisors LP increased its holdings in Companhia Paranaense de Energia – COPEL by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 52,256 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 4,667 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Companhia Paranaense de Energia – COPEL in the second quarter worth approximately $167,000. Institutional investors and hedge funds own 3.80% of the company’s stock.

About Companhia Paranaense de Energia – COPEL

(Get Free Report)

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.

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