Companhia Paranaense de Energia – COPEL (NYSE:ELP) Sets New 1-Year Low – What’s Next?

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

Companhia Paranaense de Energia – COPEL Stock Down 1.7 %

The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 10.80 and a beta of 0.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. The stock has a 50-day moving average of $6.29 and a 200-day moving average of $6.96.

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 (EPS) for the quarter. The firm 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%. Sell-side analysts predict that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a dividend of $0.1441 per share. The ex-dividend date was Friday, December 13th. Companhia Paranaense de Energia – COPEL’s payout ratio is presently 31.48%.

Institutional Investors Weigh In On Companhia Paranaense de Energia – COPEL

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Companhia Paranaense de Energia – COPEL by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 52,256 shares of the utilities provider’s stock valued at $354,000 after buying an additional 4,667 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Companhia Paranaense de Energia – COPEL during the second quarter worth $167,000. Marshall Wace LLP bought a new stake in shares of Companhia Paranaense de Energia – COPEL in the second quarter worth $281,000. AQR Capital Management LLC increased its holdings in Companhia Paranaense de Energia – COPEL by 43.0% in the second 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 period. Finally, The Manufacturers Life Insurance Company raised its position 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 worth $483,000 after purchasing an additional 7,540 shares during the last quarter. 3.80% of the stock is currently owned by institutional investors and hedge funds.

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.