Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Gap Up to $6.93

Shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) gapped up prior to trading on Friday . The stock had previously closed at $6.93, but opened at $7.12. Companhia Paranaense de Energia – COPEL shares last traded at $7.14, with a volume of 11,420 shares.

Companhia Paranaense de Energia – COPEL Stock Performance

The firm has a 50-day moving average of $7.09 and a 200 day moving average of $7.67. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 0.51.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last released its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.04 earnings per share for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 10.17% and a return on equity of 8.72%. The firm had revenue of $1.09 billion during the quarter. As a group, equities analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.13 EPS for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Monday, July 8th. Investors of record on Friday, May 3rd will be given a dividend of $0.031 per share. The ex-dividend date is Thursday, May 2nd.

Institutional Investors Weigh In On Companhia Paranaense de Energia – COPEL

Hedge funds and other institutional investors have recently made changes to their positions in the business. Creekmur Asset Management LLC bought a new stake in Companhia Paranaense de Energia – COPEL during the fourth quarter valued at approximately $33,000. Blue Trust Inc. grew its holdings in Companhia Paranaense de Energia – COPEL by 44.9% during the fourth quarter. Blue Trust Inc. now owns 9,153 shares of the utilities provider’s stock valued at $80,000 after purchasing an additional 2,835 shares during the period. Wrapmanager Inc. bought a new position in shares of Companhia Paranaense de Energia – COPEL in the fourth quarter worth about $91,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Companhia Paranaense de Energia – COPEL during the 4th quarter valued at about $98,000. Finally, Ballentine Partners LLC lifted its position in shares of Companhia Paranaense de Energia – COPEL by 28.0% during the 1st quarter. Ballentine Partners LLC now owns 18,243 shares of the utilities provider’s stock valued at $141,000 after buying an additional 3,987 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.