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

Companhia Paranaense de Energia – Copel (NYSE:ELPC) is anticipated to announce its results after the market closes on Wednesday, August 5th. Analysts expect Companhia Paranaense de Energia – Copel to announce earnings of $0.17 per share and revenue of $1.1033 billion for the quarter.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.13 billion. On average, analysts expect Companhia Paranaense de Energia – Copel to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Companhia Paranaense de Energia – Copel Price Performance

NYSE:ELPC opened at $11.66 on Wednesday. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 0.93 and a beta of -0.07. The business has a 50 day moving average of $11.59 and a 200 day moving average of $11.50. Companhia Paranaense de Energia – Copel has a 1-year low of $7.55 and a 1-year high of $13.70.

Companhia Paranaense de Energia – Copel Announces Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.1904 per share. The ex-dividend date of this dividend is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is 105.26%.

Insider Buying and Selling at Companhia Paranaense de Energia – Copel

In related news, Director Abreu Marco Antonio Villela De sold 32,490 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $2.94, for a total transaction of $95,520.60. Following the completion of the sale, the director directly owned 63,546 shares in the company, valued at $186,825.24. This represents a 33.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Investors Weigh In On Companhia Paranaense de Energia – Copel

A number of large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new position in shares of Companhia Paranaense de Energia – Copel during the fourth quarter valued at about $154,000. Goldman Sachs Group Inc. increased its holdings in Companhia Paranaense de Energia – Copel by 575.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,078,808 shares of the company’s stock valued at $10,259,000 after purchasing an additional 919,086 shares during the period. Parallel Advisors LLC raised its position in 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 valued at $59,000 after purchasing an additional 5,182 shares during the last quarter. Syon Capital LLC bought a new position in Companhia Paranaense de Energia – Copel during the 4th quarter valued at approximately $219,000. Finally, Clearbridge Investments LLC purchased a new stake in Companhia Paranaense de Energia – Copel in the 4th quarter worth approximately $192,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ELPC. Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Friday, July 17th. Wall Street Zen lowered shares of Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Companhia Paranaense de Energia – Copel has a consensus rating of “Moderate Buy” and a consensus price target 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.