Companhia Paranaense de Energia – Copel (NYSE:ELPC) Posts Quarterly Earnings Results

Companhia Paranaense de Energia – Copel (NYSE:ELPC) released its quarterly earnings data on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $6.81 billion for the quarter.

Companhia Paranaense de Energia – Copel Trading Up 1.3%

Shares of Companhia Paranaense de Energia – Copel stock traded up $0.14 during trading hours on Thursday, hitting $10.36. 648 shares of the company were exchanged, compared to its average volume of 2,633. The business has a 50-day moving average of $9.47 and a 200-day moving average of $8.67. Companhia Paranaense de Energia – Copel has a 1 year low of $5.04 and a 1 year high of $10.51. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 20.38 and a beta of -0.02.

Hedge Funds Weigh In On Companhia Paranaense de Energia – Copel

A hedge fund recently raised its stake in Companhia Paranaense de Energia – Copel stock. Optiver Holding B.V. lifted its holdings in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 299,739 shares of the company’s stock after purchasing an additional 11,611 shares during the quarter. Optiver Holding B.V.’s holdings in Companhia Paranaense de Energia – Copel were worth $2,686,000 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.