Companhia Paranaense de Energia – Copel (ELPC) Projected to Post Quarterly Earnings on Tuesday

Companhia Paranaense de Energia – Copel (NYSE:ELPC) will likely be issuing its results after the market closes on Tuesday, May 5th. Analysts expect the company to announce earnings of $0.1579 per share and revenue of $1.1413 billion for the quarter.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $4.52 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 Trading Up 1.5%

Shares of ELPC stock traded up $0.20 on Monday, hitting $12.84. 71,780 shares of the stock were exchanged, compared to its average volume of 338,507. The firm has a market capitalization of $9.55 billion, a PE ratio of 23.29, a P/E/G ratio of 1.14 and a beta of 0.06. Companhia Paranaense de Energia – Copel has a one year low of $7.32 and a one year high of $13.70. The firm’s 50 day moving average is $12.11 and its two-hundred day moving average is $10.61.

Companhia Paranaense de Energia – Copel Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st will be paid a $0.1904 dividend. The ex-dividend date is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is currently 105.45%.

Wall Street Analyst Weigh In

Several brokerages have commented on ELPC. Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Monday, April 20th. Zacks Research upgraded Companhia Paranaense de Energia – Copel to a “hold” rating in a research note on Friday, January 30th. Scotiabank upgraded Companhia Paranaense de Energia – Copel to a “strong-buy” rating in a research note on Friday, January 9th. Wall Street Zen upgraded Companhia Paranaense de Energia – Copel from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 5th. Finally, The Goldman Sachs Group began coverage on Companhia Paranaense de Energia – Copel in a research note on Wednesday, January 28th. They issued a “buy” rating and a $10.40 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.40.

Insider Buying and Selling at Companhia Paranaense de Energia – Copel

In other Companhia Paranaense de Energia – Copel news, Director Pedro Franco Sales sold 153,700 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $3.19, for a total value of $490,303.00. Following the sale, the director owned 74,844 shares of the company’s stock, valued at $238,752.36. This trade represents a 67.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Hedge Funds Weigh In On Companhia Paranaense de Energia – Copel

A number of large investors have recently modified their holdings of ELPC. Federation des caisses Desjardins du Quebec increased its stake in Companhia Paranaense de Energia – Copel by 143.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock worth $27,000 after purchasing an additional 1,650 shares during the period. Arax Advisory Partners purchased a new position in Companhia Paranaense de Energia – Copel in the 4th quarter worth approximately $45,000. Atlas Capital Advisors Inc. purchased a new position in Companhia Paranaense de Energia – Copel in the 4th quarter worth approximately $49,000. Parallel Advisors LLC increased its stake in Companhia Paranaense de Energia – Copel by 491.2% in the 4th quarter. Parallel Advisors LLC now owns 6,237 shares of the company’s stock worth $59,000 after purchasing an additional 5,182 shares during the period. Finally, Summit Securities Group LLC purchased a new position in Companhia Paranaense de Energia – Copel in the 4th quarter worth approximately $71,000.

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.