Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Companhia Paranaense de Energia (COPEL) (NYSE:ELP)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.53 and traded as high as $9.65. Companhia Paranaense de Energia (COPEL) shares last traded at $9.2950, with a volume of 755,876 shares changing hands.

Wall Street Analyst Weigh In

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

Companhia Paranaense de Energia (COPEL) Price Performance

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.42. The firm’s 50-day moving average is $9.99 and its two-hundred day moving average is $9.53. The company has a market cap of $5.53 billion, a P/E ratio of 77.46, a PEG ratio of 3.40 and a beta of 0.76.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last posted its earnings results on Thursday, November 13th. The utilities provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Companhia Paranaense de Energia (COPEL) had a return on equity of 7.77% and a net margin of 8.66%.The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $972.33 million. Analysts anticipate that Companhia Paranaense de Energia will post 0.12 earnings per share for the current year.

Companhia Paranaense de Energia (COPEL) Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were paid a $0.5732 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. Companhia Paranaense de Energia (COPEL)’s dividend payout ratio (DPR) is presently 208.33%.

Institutional Trading of Companhia Paranaense de Energia (COPEL)

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Affirmative Financial Network boosted its position in shares of Companhia Paranaense de Energia (COPEL) by 16.5% during the third quarter. First Affirmative Financial Network now owns 23,368 shares of the utilities provider’s stock valued at $229,000 after buying an additional 3,302 shares during the period. PharVision Advisers LLC bought a new stake in shares of Companhia Paranaense de Energia (COPEL) during the 3rd quarter worth approximately $141,000. Mariner LLC lifted its stake in shares of Companhia Paranaense de Energia (COPEL) by 16.8% during the 3rd quarter. Mariner LLC now owns 41,702 shares of the utilities provider’s stock worth $409,000 after acquiring an additional 6,012 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Companhia Paranaense de Energia (COPEL) by 61.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,666 shares of the utilities provider’s stock valued at $252,000 after acquiring an additional 9,814 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC grew its position in Companhia Paranaense de Energia (COPEL) by 5.5% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 27,625 shares of the utilities provider’s stock valued at $271,000 after acquiring an additional 1,434 shares during 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) is a leading integrated electric utility based in the state of Paraná, Brazil. Established in 1954 and headquartered in Curitiba, COPEL operates across the full value chain of the power sector, including generation, transmission, distribution and commercialization of electricity. The company’s operations are organized to serve residential, commercial, industrial and rural customers, making COPEL one of the primary energy providers in southern Brazil.

In its generation portfolio, COPEL leverages a diverse mix of hydroelectric, thermal and renewable resources.