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

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

Companhia Paranaense de Energia – COPEL Trading Up 4.2 %

The stock’s fifty day moving average is $6.60 and its 200 day moving average is $7.06. 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 stock has a market cap of $3.28 billion, a P/E ratio of 11.11 and a beta of 1.00.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter. The business 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, equities research analysts predict that Companhia Paranaense de Energia – COPEL will post 0.12 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The company also recently disclosed 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 of this dividend is Friday, December 13th. Companhia Paranaense de Energia – COPEL’s dividend payout ratio (DPR) is 31.48%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Robeco Institutional Asset Management B.V. grew its position 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 valued at $11,532,000 after acquiring an additional 258,198 shares during the last quarter. Van ECK Associates Corp boosted 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 during the period. Jane Street Group LLC boosted its position in Companhia Paranaense de Energia – COPEL by 456.9% in 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 during the period. Trium Capital LLP grew its stake 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 raised its stake in shares of Companhia Paranaense de Energia – COPEL by 11.7% during the second quarter. The Manufacturers Life Insurance Company now owns 72,216 shares of the utilities provider’s stock valued at $483,000 after acquiring an additional 7,540 shares in the last quarter. Hedge funds and other 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.