Companhia Paranaense de Energia - Copel (NYSE:ELPC) Sets New 1-Year High - What's Next?

Key Points

• Copel shares reached a new 52-week high of $15.25, trading recently around $14.09 and up from a prior close of $13.97. The stock remains above its 50-day and 200-day moving averages.
• Analyst sentiment is moderately positive, with a consensus rating of “Moderate Buy,” although one firm downgraded the stock to “Hold.” The average price target of $10.40 is below the current market price.
• Copel exceeded quarterly expectations, reporting EPS of $0.16 versus the $0.14 consensus and revenue of $1.18 billion. The company also paid a special dividend of $0.1904 per share, with an 85.71% dividend payout ratio.

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $15.25 and last traded at $14.0850, with a volume of 1,004 shares traded. The stock had previously closed at $13.97.

Analyst Ratings Changes

ELPC has been the subject of several research reports. Wall Street Zen cut Companhia Paranaense de Energia - Copel from a "buy" rating to a "hold" rating in a research note on Sunday, September 13th. Weiss Ratings restated a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $10.40.

Companhia Paranaense de Energia - Copel Trading Up 0.7%

The business's fifty day simple moving average is $12.24 and its 200 day simple moving average is $12.09. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.70 and a beta of -0.11.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. As a group, research analysts anticipate that Companhia Paranaense de Energia - Copel Unsponsored ADR will post 0.82 earnings per share for the current year.

Companhia Paranaense de Energia - Copel Dividend Announcement

The business also recently announced a special dividend, which was paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st were issued a dividend of $0.1904 per share. The ex-dividend date was Friday, May 1st. Companhia Paranaense de Energia - Copel's dividend payout ratio (DPR) is 85.71%.

Institutional Trading of Companhia Paranaense de Energia - Copel

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Companhia Paranaense de Energia - Copel by 21.7% during the third quarter. GAMMA Investing LLC now owns 17,265 shares of the company's stock worth $214,000 after purchasing an additional 3,079 shares in the last quarter. QRG Capital Management Inc. raised its stake in Companhia Paranaense de Energia - Copel by 13.6% during the 2nd quarter. QRG Capital Management Inc. now owns 14,961 shares of the company's stock worth $174,000 after buying an additional 1,786 shares during the period. Altar Rock LLC acquired a new stake in Companhia Paranaense de Energia - Copel during the 2nd quarter worth $121,000. BlueCrest Capital Management Ltd bought a new position in Companhia Paranaense de Energia - Copel during the second quarter worth about $291,000. Finally, Engineers Gate Manager LP bought a new position in Companhia Paranaense de Energia - Copel during the second quarter worth about $173,000.

Companhia Paranaense de Energia - Copel Company Profile

Companhia Paranaense de Energia, known as Copel, is a Brazilian energy and telecommunications company headquartered in the state of Paraná. Founded in 1954, the company operates primarily in Brazil and has historically played a central role in the development of Paraná's electricity infrastructure.

Copel's principal activities include the generation, transmission and distribution of electricity. Its generation portfolio includes hydroelectric and wind power assets, while its transmission and distribution businesses deliver electricity to customers across Paraná.

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