Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.53 and traded as high as $9.65. Companhia Paranaense de Energia (COPEL) shares last traded at $9.2950, with a volume of 755,876 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia (COPEL) in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Companhia Paranaense de Energia (COPEL) Stock Performance

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.42. The company has a 50 day simple moving average of $9.96 and a 200-day simple moving average of $9.53. The stock has a market cap of $5.53 billion, a P/E ratio of 77.46, a price-to-earnings-growth ratio of 3.40 and a beta of 0.76.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last announced its quarterly earnings data on Thursday, November 13th. The utilities provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $972.33 million. Companhia Paranaense de Energia (COPEL) had a net margin of 8.66% and a return on equity of 7.77%. On average, equities analysts expect that Companhia Paranaense de Energia will post 0.12 earnings per share for the current fiscal year.

Companhia Paranaense de Energia (COPEL) Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were paid a $0.5732 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. Companhia Paranaense de Energia (COPEL)’s dividend payout ratio is 208.33%.

Hedge Funds Weigh In On Companhia Paranaense de Energia (COPEL)

A number of large investors have recently added to or reduced their stakes in ELP. AQR Capital Management LLC boosted its position in Companhia Paranaense de Energia (COPEL) by 7.9% during the first quarter. AQR Capital Management LLC now owns 49,609 shares of the utilities provider’s stock valued at $363,000 after buying an additional 3,620 shares during the period. Jane Street Group LLC lifted its stake in shares of Companhia Paranaense de Energia (COPEL) by 77.9% in the 1st quarter. Jane Street Group LLC now owns 21,208 shares of the utilities provider’s stock valued at $155,000 after acquiring an additional 9,285 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Companhia Paranaense de Energia (COPEL) by 40.7% during the 2nd quarter. GAMMA Investing LLC now owns 10,968 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 3,173 shares during the period. Signaturefd LLC grew its position in Companhia Paranaense de Energia (COPEL) by 14.9% during the 2nd quarter. Signaturefd LLC now owns 15,509 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 2,016 shares during the last quarter. Finally, PFG Investments LLC bought a new position in Companhia Paranaense de Energia (COPEL) during the 2nd quarter worth approximately $93,000. Hedge funds and other institutional investors own 3.80% of the company’s stock.

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.