Companhia Paranaense de Energia – COPEL (NYSE:ELP) Sets New 1-Year Low – Should You Sell?

Companhia Paranaense de Energia – COPEL (NYSE:ELP) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $5.92 and last traded at $5.92, with a volume of 37539 shares changing hands. The stock had previously closed at $6.09.

Companhia Paranaense de Energia – COPEL Stock Performance

The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.21 billion, a PE ratio of 10.87 and a beta of 1.00. The firm’s 50-day simple moving average is $6.65 and its two-hundred day simple moving average is $7.08.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last released its earnings results on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share (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 firm had revenue of $1.03 billion for the quarter. As a group, research analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.12 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a dividend of $0.1441 per share. The ex-dividend date of this dividend is Friday, December 13th. Companhia Paranaense de Energia – COPEL’s dividend payout ratio (DPR) is 31.48%.

Institutional Trading of Companhia Paranaense de Energia – COPEL

Several large investors have recently made changes to their positions in ELP. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Companhia Paranaense de Energia – COPEL during the 3rd quarter worth approximately $34,000. GAMMA Investing LLC raised its position in shares of Companhia Paranaense de Energia – COPEL by 61.2% in the third quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 2,043 shares during the period. Signaturefd LLC boosted its stake 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 acquiring an additional 3,341 shares in the last quarter. Blue Trust Inc. grew its position in shares of 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 valued at $119,000 after acquiring an additional 11,922 shares during the period. Finally, Ballentine Partners LLC grew its position in shares of Companhia Paranaense de Energia – COPEL by 16.6% during the 3rd quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider’s stock valued at $127,000 after acquiring an additional 2,441 shares during the period. 3.80% of the stock is owned by hedge funds and other institutional investors.

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.