Companhia Paranaense de Energia – COPEL (NYSE:ELP) Sees Unusually-High Trading Volume – Should You Buy?

Companhia Paranaense de Energia – COPEL (NYSE:ELP) shares saw strong trading volume on Wednesday . 201,765 shares traded hands during trading, a decline of 33% from the previous session’s volume of 299,602 shares.The stock last traded at $6.40 and had previously closed at $6.48.

Companhia Paranaense de Energia – COPEL Stock Up 1.9 %

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 business has a 50-day simple moving average of $7.16 and a two-hundred day simple moving average of $7.22.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share for the quarter. The firm had revenue of $1.03 billion during the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. As a group, research analysts forecast that Companhia Paranaense de Energia – COPEL will post 0.13 EPS for the current year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Monday, December 9th. Stockholders of record on Wednesday, October 2nd will be given a $0.0705 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELP. Tidal Investments LLC grew its position in shares of Companhia Paranaense de Energia – COPEL by 2.4% during the first quarter. Tidal Investments LLC now owns 59,189 shares of the utilities provider’s stock worth $457,000 after buying an additional 1,398 shares in the last quarter. Blue Trust Inc. grew its position in Companhia Paranaense de Energia – COPEL by 205.3% in the 2nd quarter. Blue Trust Inc. now owns 17,729 shares of the utilities provider’s stock valued at $119,000 after buying an additional 11,922 shares in the last quarter. Signaturefd LLC grew its position in Companhia Paranaense de Energia – COPEL by 41.1% in the 2nd quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock valued at $77,000 after buying an additional 3,341 shares in the last quarter. Van ECK Associates Corp grew its position in Companhia Paranaense de Energia – COPEL by 222.9% in 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. Finally, Trium Capital LLP boosted its position in shares of Companhia Paranaense de Energia – COPEL by 37.5% during the 2nd quarter. Trium Capital LLP now owns 96,276 shares of the utilities provider’s stock valued at $644,000 after purchasing an additional 26,277 shares in the last quarter. Institutional investors and hedge funds 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.