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

Shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) gapped down before the market opened 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 traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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 presently has an average rating of “Hold”.

Companhia Paranaense de Energia – Copel Stock Performance

The company’s 50-day moving average price is $9.71 and its 200-day moving average price is $8.81. The firm has a market capitalization of $10.10 billion, a PE ratio of 18.51 and a beta of -0.02.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last issued its earnings results on Wednesday, December 3rd. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $1.28 billion for the quarter.

Companhia Paranaense de Energia – Copel Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 2nd will be given a $0.2795 dividend. The ex-dividend date of this dividend 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

An institutional investor recently bought a new position in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP bought a new stake in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,250 shares of the company’s stock, valued at approximately $28,000.

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.