Companhia Paranaense de Energia – Copel (ELPC) to Release Earnings on Friday

Companhia Paranaense de Energia – Copel (NYSE:ELPC) is projected to issue its results before the market opens on Friday, February 27th. Analysts expect the company to announce earnings of $0.0790 per share and revenue of $4.5236 billion for the quarter.

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

Companhia Paranaense de Energia – Copel Stock Up 0.4%

Shares of ELPC stock opened at $11.64 on Thursday. Companhia Paranaense de Energia – Copel has a 12 month low of $5.49 and a 12 month high of $11.76. The company has a market cap of $8.66 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 3.04 and a beta of 0.02. The business’s 50 day moving average is $9.94 and its two-hundred day moving average is $9.42.

Companhia Paranaense de Energia – Copel Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, July 10th. Investors of record on Monday, January 5th will be paid a $0.3299 dividend. The ex-dividend date is Monday, January 5th. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is presently 135.29%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Federation des caisses Desjardins du Quebec boosted its stake in Companhia Paranaense de Energia – Copel by 143.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock worth $27,000 after buying an additional 1,650 shares in the last quarter. Millennium Management LLC boosted its holdings in Companhia Paranaense de Energia – Copel by 13.0% during the fourth quarter. Millennium Management LLC now owns 19,083 shares of the company’s stock valued at $181,000 after purchasing an additional 2,190 shares in the last quarter. Arax Advisory Partners bought a new stake in shares of Companhia Paranaense de Energia – Copel in the 4th quarter valued at approximately $45,000. Atlas Capital Advisors Inc. acquired a new position in shares of Companhia Paranaense de Energia – Copel in the 4th quarter worth approximately $49,000. Finally, Parallel Advisors LLC lifted its position in shares of Companhia Paranaense de Energia – Copel by 491.2% during the 4th quarter. Parallel Advisors LLC now owns 6,237 shares of the company’s stock worth $59,000 after buying an additional 5,182 shares during the period.

Analyst Ratings Changes

A number of research firms have issued reports on ELPC. Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Wednesday, January 21st. Zacks Research raised Companhia Paranaense de Energia – Copel to a “hold” rating in a research report on Friday, January 30th. Scotiabank upgraded Companhia Paranaense de Energia – Copel to a “strong-buy” rating in a research note on Friday, January 9th. The Goldman Sachs Group began coverage on Companhia Paranaense de Energia – Copel in a report on Wednesday, January 28th. They issued a “buy” rating and a $10.40 target price on the stock. Finally, Wall Street Zen upgraded Companhia Paranaense de Energia – Copel to a “hold” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Companhia Paranaense de Energia – Copel currently has an average rating of “Moderate Buy” and an average target price of $10.40.

About Companhia Paranaense de Energia – Copel

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.