Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Gap Down – Should You Sell?

Companhia Paranaense de Energia – COPEL (NYSE:ELP) shares gapped down before the market opened on Friday . The stock had previously closed at $6.64, but opened at $6.31. Companhia Paranaense de Energia – COPEL shares last traded at $6.40, with a volume of 79,015 shares traded.

Companhia Paranaense de Energia – COPEL Stock Down 2.0 %

The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average price is $6.93 and its 200 day moving average price is $7.17.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.07 EPS for the quarter. The company had revenue of $1.03 billion during the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. Equities research analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.13 earnings per share for the current year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, January 2nd. Investors 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

Large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Companhia Paranaense de Energia – COPEL in the third quarter valued at $34,000. GAMMA Investing LLC lifted its position in Companhia Paranaense de Energia – COPEL by 61.2% during the 3rd 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 increased its stake in Companhia Paranaense de Energia – COPEL by 41.1% in the 2nd quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock valued at $77,000 after buying an additional 3,341 shares during the period. Blue Trust Inc. lifted its holdings in Companhia Paranaense de Energia – COPEL by 205.3% in the second 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 holdings in Companhia Paranaense de Energia – COPEL by 16.6% in the third quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider’s stock valued at $127,000 after purchasing an additional 2,441 shares during 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.