Companhia Paranaense de Energia – Copel (NYSE:ELPC) Sees Unusually-High Trading Volume – Here’s Why

by · The Markets Daily

Shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 3,808 shares changed 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.

Analysts Set New Price Targets

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

Read Our Latest Analysis on ELPC

Companhia Paranaense de Energia – Copel Price Performance

The business has a fifty day moving average of $9.59 and a 200-day moving average of $8.74. The stock has a market cap of $10.56 billion, a PE ratio of 19.36 and a beta of -0.02.

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 for the quarter. The firm had revenue of $6.81 billion during the quarter.

Companhia Paranaense de Energia – Copel Announces Dividend

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

Institutional Investors Weigh In On Companhia Paranaense de Energia – Copel

An institutional investor recently bought a new position in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP bought a new position in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,250 shares of the company’s stock, valued at approximately $28,000.

Companhia Paranaense de Energia – Copel Company Profile

(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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