Companhia Paranaense de Energia – COPEL (NYSE:ELP) Trading Up 4.5% – Should You Buy?

Shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) shot up 4.5% during trading on Thursday . The stock traded as high as $6.02 and last traded at $6.02. 186,298 shares traded hands during trading, a decline of 39% from the average session volume of 303,238 shares. The stock had previously closed at $5.76.

Companhia Paranaense de Energia – COPEL Stock Performance

The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $3.36 billion, a P/E ratio of 11.35 and a beta of 1.00. The business’s 50 day simple moving average is $6.60 and its two-hundred day simple moving average is $7.06.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share for the quarter. The company had revenue of $1.03 billion during the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. Sell-side analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Investors 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 presently 31.48%.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

Hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Companhia Paranaense de Energia – COPEL during the 3rd quarter valued at about $34,000. GAMMA Investing LLC grew its position in Companhia Paranaense de Energia – COPEL by 61.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 2,043 shares during the period. Signaturefd LLC raised its stake in Companhia Paranaense de Energia – COPEL by 41.1% during the 2nd quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock valued at $77,000 after buying an additional 3,341 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Companhia Paranaense de Energia – COPEL by 16.6% during the 3rd quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider’s stock valued at $127,000 after buying an additional 2,441 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Companhia Paranaense de Energia – COPEL in the 3rd quarter worth $135,000. 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.