Companhia Paranaense de Energia – COPEL (NYSE:ELP) stock price crosses above its two hundred day moving average of $7.40

Companhia Paranaense de Energia – COPEL (NYSE:ELP – Get Free Report )’s share price moved above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.40 and traded as high as $7.78. Shares of Companhia Paranaense de Energia – COPEL last traded at $7.29, with a volume of 1,648,526 shares changing hands.

Companhia Paranaense de Energia – COPEL Price Performance

The firm has a 50-day moving average of $7.50 and a 200-day moving average of $7.40. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.57, and a quick ratio of 1.55. The company has a market cap of $3.99 billion, a PE ratio of 9.23 and a beta of 1.02.

Companhia Paranaense de Energia – COPEL (NYSE:ELP – Get Free Report ) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 10.87% and a return on equity of 9.07%. The firm had revenue of $1.05 billion for the quarter. As a group, research analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.13 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL reduces dividends

The company also recently announced a variable dividend, which will be paid on Monday, December 9th. Stockholders of record on Wednesday, October 2nd will be given a $0.0705 dividend. The ex-dividend date is Wednesday, October 2. Companhia Paranaense de Energia – COPEL’s dividend payout ratio (DPR) is currently 17.72%.

Institutional trading of Companhia Paranaense de Energia – COPEL

A number of hedge funds have recently bought and sold shares of ELP. Creekmur Asset Management LLC acquired a new stake in Companhia Paranaense de Energia – COPEL during the fourth quarter valued at approximately $33,000. Signaturefd LLC raised its stake in Companhia Paranaense de Energia – COPEL by 41.1% in the second quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 3,341 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter worth $98,000. Blue Trust Inc. boosted 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 worth $119,000 after buying an additional 11,922 shares during the period. Finally, Ballentine Partners LLC lifted its position in Companhia Paranaense de Energia – COPEL by 28.0% in the first quarter. Ballentine Partners LLC now owns 18,243 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 3,987 shares in the last quarter. Hedge funds and other institutional investors own 3.80% of the company’s shares.

About Companhia Paranaense de Energia – COPEL

(Get a free report)

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 the segments of power generation and transmission, power distribution, power sale and gas.

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