Companhia Paranaense de Energia - COPEL (NYSE:ELP) Shares Gap Down - Here's What Happened

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $5.93, but opened at $5.78. Companhia Paranaense de Energia - COPEL shares last traded at $5.84, with a volume of 37,663 shares trading hands.

Companhia Paranaense de Energia - COPEL Trading Down 0.3 %

The stock has a market cap of $3.23 billion, a PE ratio of 10.94 and a beta of 1.00. The company has a 50 day moving average of $6.38 and a two-hundred day moving average of $6.99. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $1.03 billion for the quarter. Companhia Paranaense de Energia - COPEL had a net margin of 14.20% and a return on equity of 11.88%. Sell-side analysts anticipate that Companhia Paranaense de Energia - COPEL will post 0.12 earnings per share for the current fiscal year.

Companhia Paranaense de Energia - COPEL Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.1441 per share. The ex-dividend date is Friday, December 13th. Companhia Paranaense de Energia - COPEL's dividend payout ratio (DPR) is presently 31.48%.

Hedge Funds Weigh In On Companhia Paranaense de Energia - COPEL

Several hedge funds and other institutional investors have recently made changes to their positions in ELP. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Companhia Paranaense de Energia - COPEL in the 3rd quarter valued at about $34,000. GAMMA Investing LLC grew its position in shares of Companhia Paranaense de Energia - COPEL by 61.2% in the third quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 2,043 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Companhia Paranaense de Energia - COPEL by 41.1% in the second quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider's stock valued at $77,000 after purchasing an additional 3,341 shares during the last quarter. Ballentine Partners LLC lifted its position in Companhia Paranaense de Energia - COPEL by 16.6% during the third quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider's stock worth $127,000 after buying an additional 2,441 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in Companhia Paranaense de Energia - COPEL during the third quarter worth $135,000. Hedge funds and other institutional investors own 3.80% of the company's stock.

About Companhia Paranaense de Energia - COPEL

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.