Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Down 4.6% – What’s Next?

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

Companhia Paranaense de Energia – COPEL Price Performance

The firm’s 50 day moving average is $6.98 and its 200 day moving average is $7.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its quarterly earnings data 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%. As a group, 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 company also recently disclosed a Variable dividend, which will be paid on Monday, December 9th. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.0705 per share. The ex-dividend date of this dividend is Wednesday, October 2nd.

Hedge Funds 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 stock. Jane Street Group LLC increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 456.9% in the 3rd 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 during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 33.1% in the 3rd quarter. Quantinno Capital Management LP now owns 21,909 shares of the utilities provider’s stock worth $163,000 after buying an additional 5,445 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Companhia Paranaense de Energia – COPEL in the 3rd quarter worth $34,000. Walleye Capital LLC bought a new position in shares of Companhia Paranaense de Energia – COPEL in the 3rd quarter worth $135,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Companhia Paranaense de Energia – COPEL in the 3rd quarter worth $171,000. 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.