Companhia Paranaense de Energia – Copel (NYSE:ELPC) Shares Gap Up – Should You Buy?

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) gapped up prior to trading on Friday . The stock had previously closed at $8.86, but opened at $9.24. Companhia Paranaense de Energia – Copel shares last traded at $9.2440, with a volume of 1,258 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Companhia Paranaense de Energia – Copel currently has a consensus rating of “Hold”.

Companhia Paranaense de Energia – Copel Stock Up 4.8%

The company has a 50-day moving average price of $9.74 and a two-hundred day moving average price of $8.83. The stock has a market capitalization of $9.94 billion, a P/E ratio of 18.21 and a beta of -0.02.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last announced its earnings results on Wednesday, December 3rd. The company reported $0.10 earnings per share for the quarter. The company had revenue of $1.28 billion during the quarter.

Companhia Paranaense de Energia – Copel Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, July 10th. Investors of record on Monday, January 5th will be given a dividend of $0.3299 per share. The ex-dividend date of this dividend is Monday, January 5th. Companhia Paranaense de Energia – Copel’s dividend payout ratio is 45.10%.

Institutional Investors Weigh In On Companhia Paranaense de Energia – Copel

A hedge fund recently bought a new stake in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP acquired a new position in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,250 shares of the company’s stock, valued at approximately $28,000.

Companhia Paranaense de Energia – Copel Company Profile

Companhia Paranaense de Energia – Copel is a Brazilian utility company primarily engaged in the generation, transmission and distribution of electricity. Established in 1954, Copel operates a diversified portfolio of power plants, with a strong emphasis on hydroelectric facilities supplemented by thermal and renewable energy sources. The company’s integrated network spans the entirety of Paraná state, delivering electricity services to residential, commercial and industrial customers through a combination of high-voltage transmission lines and local distribution networks.

In addition to its core power business, Copel has expanded into telecommunications through its Copel Telecom subsidiary.