Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Gap Up – What’s Next?

Companhia Paranaense de Energia – COPEL (NYSE:ELP)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.62, but opened at $7.03. Companhia Paranaense de Energia – COPEL shares last traded at $7.06, with a volume of 152,654 shares changing hands.

Companhia Paranaense de Energia – COPEL Trading Down 5.3 %

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45. The stock’s 50-day moving average is $6.98 and its 200-day moving average is $7.18.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.07 EPS for the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. The business had revenue of $1.03 billion during the quarter. Sell-side analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.13 earnings per share for the current year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently announced a Variable dividend, which will be paid on Monday, December 9th. Investors of record on Wednesday, October 2nd will be issued a $0.0705 dividend. The ex-dividend date is Wednesday, October 2nd.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Companhia Paranaense de Energia – COPEL in the 3rd quarter worth $34,000. GAMMA Investing LLC lifted its stake in shares of Companhia Paranaense de Energia – COPEL by 61.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 2,043 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Companhia Paranaense de Energia – COPEL by 41.1% during the 2nd quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 3,341 shares during the period. Blue Trust Inc. increased its position in Companhia Paranaense de Energia – COPEL by 205.3% during the 2nd quarter. Blue Trust Inc. now owns 17,729 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 11,922 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in Companhia Paranaense de Energia – COPEL by 16.6% in the third quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider’s stock valued at $127,000 after buying an additional 2,441 shares during the period. Institutional investors and hedge funds own 3.80% of the company’s stock.

About Companhia Paranaense de Energia – COPEL

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.