Companhia Paranaense de Energia – Copel (NYSE:ELPC) Sets New 1-Year High – What’s Next?

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC)’s stock price reached a new 52-week high on Monday. The stock traded as high as $15.25 and last traded at $14.0850, with a volume of 1,004 shares trading hands. The stock had previously closed at $13.97.

Analyst Ratings Changes

A number of research firms recently issued reports on ELPC. Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Thursday. Wall Street Zen lowered shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.40.

Companhia Paranaense de Energia – Copel Stock Up 0.7%

The company has a market capitalization of $10.47 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.70 and a beta of -0.11. The business has a fifty day moving average price of $12.24 and a 200 day moving average price of $12.09.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. As a group, equities analysts forecast that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.82 earnings per share for the current year.

Companhia Paranaense de Energia – Copel Announces Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st were given a dividend of $0.1904 per share. The ex-dividend date of this dividend was Friday, May 1st. Companhia Paranaense de Energia – Copel’s payout ratio is 85.71%.

Hedge Funds Weigh In On Companhia Paranaense de Energia – Copel

Several hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new stake in shares of Companhia Paranaense de Energia – Copel in the fourth quarter valued at about $1,730,000. Quantinno Capital Management LP raised its holdings in Companhia Paranaense de Energia – Copel by 27.1% during the first quarter. Quantinno Capital Management LP now owns 394,375 shares of the company’s stock worth $4,709,000 after acquiring an additional 84,121 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Companhia Paranaense de Energia – Copel during the first quarter worth about $540,000. NewEdge Advisors LLC boosted its position in Companhia Paranaense de Energia – Copel by 16,094.0% during the second quarter. NewEdge Advisors LLC now owns 40,323 shares of the company’s stock valued at $470,000 after purchasing an additional 40,074 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in Companhia Paranaense de Energia – Copel in the second quarter valued at approximately $291,000.

Companhia Paranaense de Energia – Copel Company Profile

Companhia Paranaense de Energia, known as Copel, is a Brazilian energy and telecommunications company headquartered in the state of Paraná. Founded in 1954, the company operates primarily in Brazil and has historically played a central role in the development of Paraná’s electricity infrastructure.

Copel’s principal activities include the generation, transmission and distribution of electricity. Its generation portfolio includes hydroelectric and wind power assets, while its transmission and distribution businesses deliver electricity to customers across Paraná.