Companhia Paranaense de Energia – COPEL (NYSE:ELP) Trading Down 4.6% – Time to Sell?

Companhia Paranaense de Energia – COPEL (NYSE:ELP) dropped 4.6% during mid-day trading on Wednesday . The stock traded as low as $6.68 and last traded at $6.69. Approximately 228,185 shares changed hands during trading, a decline of 24% from the average daily volume of 300,059 shares. The stock had previously closed at $7.01.

Companhia Paranaense de Energia – COPEL Stock Performance

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 firm’s 50-day moving average is $6.95 and its 200-day moving average is $7.17.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share for the quarter. The business had revenue of $1.03 billion for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. As a group, equities analysts predict that Companhia Paranaense de Energia – COPEL will post 0.13 EPS for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.1441 dividend. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Investors Weigh In On Companhia Paranaense de Energia – COPEL

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. lifted its stake in shares of Companhia Paranaense de Energia – COPEL by 20.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,550,046 shares of the utilities provider’s stock worth $11,532,000 after buying an additional 258,198 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Companhia Paranaense de Energia – COPEL by 222.9% in the second quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider’s stock worth $1,784,000 after buying an additional 184,167 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Companhia Paranaense de Energia – COPEL by 456.9% in the third quarter. Jane Street Group LLC now owns 209,228 shares of the utilities provider’s stock worth $1,557,000 after buying an additional 171,658 shares in the last quarter. Trium Capital LLP lifted its stake in shares of Companhia Paranaense de Energia – COPEL by 36.0% in the third quarter. Trium Capital LLP now owns 130,919 shares of the utilities provider’s stock worth $974,000 after buying an additional 34,643 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Companhia Paranaense de Energia – COPEL by 11.7% in the second quarter. The Manufacturers Life Insurance Company now owns 72,216 shares of the utilities provider’s stock worth $483,000 after buying an additional 7,540 shares in the last quarter. Hedge funds and other institutional investors 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.