Companhia Paranaense de Energia - COPEL - ELP Stock Forecast, Price & News

Companhia Paranaense de Energia - COPEL's stock was trading at $7.19 on January 1st, 2023. Since then, ELP shares have decreased by 13.6% and is now trading at $6.21.
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Companhia Paranaense de Energia - COPEL (NYSE:ELP) issued its quarterly earnings data on Tuesday, March, 28th. The utilities provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.62. The utilities provider had revenue of $1.04 billion for the quarter. Companhia Paranaense de Energia - COPEL had a trailing twelve-month return on equity of 9.93% and a net margin of 10.78%.

Companhia Paranaense de Energia - COPEL announced a dividend on Thursday, April 14th. Stockholders of record on Tuesday, May 3rd will be paid a dividend of $0.537 per share on Tuesday, May 3rd. The ex-dividend date of this dividend is Monday, May 2nd. This is a boost from the stock's previous dividend of $0.07.
Read our dividend analysis for ELP.

ETFs with the largest weight of Companhia Paranaense de Energia - COPEL (NYSE:ELP) stock in their portfolio include AdvisorShares Dorsey Wright ADR ETF (AADR), SPDR S&P Kensho Clean Power ETF (CNRG), Virtus Real Asset Income ETF (VRAI) and VanEck Low Carbon Energy ETF (SMOG).SPDR S&P Kensho New Economies Composite ETF (KOMP).

Companhia Paranaense de Energia - COPEL (NYSE:ELP) pays an annual dividend of $0.59 per share and currently has a dividend yield of 9.47%. ELP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 184.38%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ELP will have a dividend payout ratio of 88.06% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ELP.

1 employees have rated Companhia Paranaense de Energia - COPEL Chief Executive Officer Raul Munhoz Neto on Glassdoor.com. Raul Munhoz Neto has an approval rating of -100% among the company's employees. This puts Raul Munhoz Neto in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Companhia Paranaense de Energia - COPEL investors own include Gilead Sciences (GILD), Halliburton (HAL), JPMorgan Chase & Co. (JPM), Pfizer (PFE), CEMIG (CIG), General Electric (GE), Marathon Petroleum (MPC), Wells Fargo & Company (WFC), Adobe (ADBE) and Cleveland-Cliffs (CLF).

Companhia Paranaense de Energia - COPEL trades on the New York Stock Exchange (NYSE) under the ticker symbol "ELP."

Companhia Paranaense de Energia - COPEL's stock is owned by many different retail and institutional investors. Top institutional shareholders include Letko Brosseau & Associates Inc. (1.11%), Robeco Institutional Asset Management B.V. (0.71%), Arrowstreet Capital Limited Partnership (0.29%), Bank of America Corp DE (0.26%), Optiver Holding B.V. (0.10%) and Morgan Stanley (0.09%).

Shares of ELP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ELP stock can currently be purchased for approximately $6.21.

Companhia Paranaense de Energia - COPEL (NYSE:ELP) has a market capitalization of $3.40 billion and generates $8.89 billion in revenue each year. The utilities provider earns $917.71 million in net income (profit) each year or $0.32 on an earnings per share basis.

The company employs 6,383 workers across the globe.

Companhia Paranaense de Energia - COPEL's mailing address is RUA CORONEL DULCIDIO 800, CURITIBA D5, 80420. The official website for the company is www.copel.com. The utilities provider can be reached via phone at 554132222027, via email at ri@copel.com, or via fax at 55-41-3331-4145.