Companhia Paranaense de Energia – COPEL (NYSE:ELP) Hits New 12-Month Low – Here’s Why

Companhia Paranaense de Energia – COPEL (NYSE:ELP) hit a new 52-week low on Friday . The company traded as low as $5.72 and last traded at $5.74, with a volume of 51024 shares. The stock had previously closed at $5.93.

Companhia Paranaense de Energia – COPEL Stock Performance

The stock has a fifty day simple moving average of $6.29 and a two-hundred day simple moving average of $6.96. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 10.80 and a beta of 0.99.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share 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 during the quarter. Analysts forecast 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 was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a $0.1441 dividend. The ex-dividend date of this dividend was Friday, December 13th. Companhia Paranaense de Energia – COPEL’s dividend payout ratio is presently 31.48%.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

A number of hedge funds have recently added to or reduced their stakes in ELP. Dimensional Fund Advisors LP boosted its stake in Companhia Paranaense de Energia – COPEL by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 52,256 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 4,667 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Companhia Paranaense de Energia – COPEL during the 2nd quarter valued at about $167,000. Marshall Wace LLP acquired a new position in Companhia Paranaense de Energia – COPEL during the 2nd quarter valued at about $281,000. AQR Capital Management LLC boosted its stake in Companhia Paranaense de Energia – COPEL by 43.0% during the 2nd quarter. AQR Capital Management LLC now owns 28,647 shares of the utilities provider’s stock valued at $192,000 after purchasing an additional 8,618 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Companhia Paranaense de Energia – COPEL by 11.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 72,216 shares of the utilities provider’s stock valued at $483,000 after purchasing an additional 7,540 shares during the last quarter. Institutional investors and hedge funds own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Company Profile

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.