Companhia Paranaense de Energia (COPEL) (ELP) to Issue Special Dividend of $0.57 on January 9th

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) declared a special dividend on Friday, January 1st. Shareholders of record on Wednesday, December 24th will be given a dividend of 0.5732 per share by the utilities provider on Friday, January 9th. The ex-dividend date of this dividend is Wednesday, December 24th.

Companhia Paranaense de Energia (COPEL) has decreased its dividend by an average of 0.1%annually over the last three years. Companhia Paranaense de Energia (COPEL) has a dividend payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Companhia Paranaense de Energia (COPEL) to earn $0.13 per share next year, which means the company may not be able to cover its $0.24 annual dividend with an expected future payout ratio of 184.6%.

Companhia Paranaense de Energia (COPEL) Stock Performance

Companhia Paranaense de Energia (COPEL) stock opened at $9.69 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. Companhia Paranaense de Energia has a twelve month low of $5.72 and a twelve month high of $11.23. The company’s 50-day moving average price is $10.31 and its 200-day moving average price is $9.48. The company has a market cap of $5.77 billion, a PE ratio of 80.78, a price-to-earnings-growth ratio of 3.56 and a beta of 0.76.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last issued its quarterly earnings results on Thursday, November 13th. The utilities provider reported $0.02 earnings per share (EPS) 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 company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $972.33 million. On average, equities research analysts forecast that Companhia Paranaense de Energia will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Companhia Paranaense de Energia (COPEL)

A number of hedge funds have recently made changes to their positions in ELP. Signaturefd LLC lifted its position in Companhia Paranaense de Energia (COPEL) by 14.9% during the second quarter. Signaturefd LLC now owns 15,509 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 2,016 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Companhia Paranaense de Energia (COPEL) by 68.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,171 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 5,782 shares in the last quarter. Creative Planning increased its position in shares of Companhia Paranaense de Energia (COPEL) by 18.4% during the second quarter. Creative Planning now owns 121,104 shares of the utilities provider’s stock worth $1,106,000 after purchasing an additional 18,844 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Companhia Paranaense de Energia (COPEL) by 6,683.1% during the 2nd quarter. Allworth Financial LP now owns 13,227 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 13,032 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Companhia Paranaense de Energia (COPEL) by 876.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 11,730 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 10,529 shares in the last quarter. 3.80% of the stock is currently owned by hedge funds and other institutional investors.

About Companhia Paranaense de Energia (COPEL)

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.