Companhia Paranaense de Energia – Copel (NYSE:ELPC) Shares Gap Down – What’s Next?

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $9.34, but opened at $9.11. Companhia Paranaense de Energia – Copel shares last traded at $9.16, with a volume of 166,988 shares changing hands.

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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Companhia Paranaense de Energia – Copel Stock Performance

The firm has a fifty day moving average price of $9.67 and a 200 day moving average price of $8.79. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 18.38 and a beta of -0.02.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $6.81 billion for the quarter.

Companhia Paranaense de Energia – Copel Announces Dividend

The company also recently announced a special dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 2nd will be paid a $0.2795 dividend. The ex-dividend date is Friday, January 2nd. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is 45.10%.

Institutional Trading of Companhia Paranaense de Energia – Copel

A hedge fund recently bought a new stake in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP purchased a new stake in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,250 shares of the company’s stock, valued at approximately $28,000.

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, GAS, Power Sale, and Holding and Services segments.