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

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

Companhia Paranaense de Energia – COPEL Stock Up 2.2 %

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 stock has a market cap of $3.36 billion, a P/E ratio of 11.35 and a beta of 1.00. The company’s 50 day moving average price is $6.60 and its two-hundred day moving average price is $7.06.

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

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently announced 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%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ELP. Creative Planning raised its stake in Companhia Paranaense de Energia – COPEL by 13.3% during the 3rd quarter. Creative Planning now owns 65,614 shares of the utilities provider’s stock worth $488,000 after acquiring an additional 7,690 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Companhia Paranaense de Energia – COPEL by 20.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,550,046 shares of the utilities provider’s stock valued at $11,532,000 after purchasing an additional 258,198 shares during the period. GAMMA Investing LLC lifted its stake in shares of Companhia Paranaense de Energia – COPEL by 61.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock valued at $40,000 after buying an additional 2,043 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Companhia Paranaense de Energia – COPEL in the 3rd quarter worth $514,000. Finally, Van ECK Associates Corp increased its stake in Companhia Paranaense de Energia – COPEL by 222.9% in the 2nd quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider’s stock worth $1,784,000 after buying an additional 184,167 shares in the last quarter. 3.80% of the stock is owned by hedge funds and other institutional investors.

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.