Companhia Paranaense de Energia – Copel (NYSE:ELPC) Sees Unusually-High Trading Volume – Time to Buy?

by · The Cerbat Gem

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 3,808 shares traded hands during trading, an increase of 48% from the previous session’s volume of 2,572 shares.The stock last traded at $9.68 and had previously closed at $9.86.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

View Our Latest Report on Companhia Paranaense de Energia – Copel

Companhia Paranaense de Energia – Copel Stock Performance

The company has a market cap of $10.32 billion, a price-to-earnings ratio of 18.92 and a beta of -0.02. The firm’s 50 day simple moving average is $9.55 and its 200-day simple moving average is $8.73.

Companhia Paranaense de Energia – Copel (NYSE:ELPC – Get Free Report) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $6.81 billion for the quarter.

Companhia Paranaense de Energia – Copel Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 2nd will be given a $0.2795 dividend. The ex-dividend date of this dividend is Friday, January 2nd. Companhia Paranaense de Energia – Copel’s payout ratio is currently 62.75%.

Institutional Investors Weigh In On Companhia Paranaense de Energia – Copel

A hedge fund recently bought a new stake in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP purchased a new stake in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,250 shares of the company’s stock, valued at approximately $28,000.

About Companhia Paranaense de Energia – Copel

(Get 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 Power Generation and Transmission, Power Distribution, GAS, Power Sale, and Holding and Services segments.

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