Companhia Paranaense de Energia - COPEL (NYSE:ELP) Trading 4.5% Higher - Here's Why

Shares of Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) traded up 4.5% during trading on Thursday . The stock traded as high as $6.02 and last traded at $6.02. 186,298 shares were traded during mid-day trading, a decline of 39% from the average session volume of 303,238 shares. The stock had previously closed at $5.76.

Companhia Paranaense de Energia - COPEL Price Performance

The company's 50 day simple moving average is $6.60 and its 200 day simple moving average is $7.06. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $3.28 billion, a PE ratio of 11.11 and a beta of 1.00.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.07 EPS for the quarter. The business had revenue of $1.03 billion during the quarter. Companhia Paranaense de Energia - COPEL had a return on equity of 11.88% and a net margin of 14.20%. On average, equities analysts anticipate that Companhia Paranaense de Energia - COPEL will post 0.12 earnings per share for the current year.

Companhia Paranaense de Energia - COPEL Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.1441 per share. The ex-dividend date of this dividend is Friday, December 13th. Companhia Paranaense de Energia - COPEL's dividend payout ratio is currently 31.48%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Creative Planning increased its position in Companhia Paranaense de Energia - COPEL by 13.3% during the third quarter. Creative Planning now owns 65,614 shares of the utilities provider's stock worth $488,000 after purchasing an additional 7,690 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Companhia Paranaense de Energia - COPEL by 20.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,550,046 shares of the utilities provider's stock valued at $11,532,000 after buying an additional 258,198 shares during the period. GAMMA Investing LLC increased its holdings in shares of Companhia Paranaense de Energia - COPEL by 61.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider's stock worth $40,000 after buying an additional 2,043 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Companhia Paranaense de Energia - COPEL in the 3rd quarter worth $514,000. Finally, Van ECK Associates Corp boosted its holdings in Companhia Paranaense de Energia - COPEL by 222.9% in the second quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider's stock valued at $1,784,000 after acquiring an additional 184,167 shares during the last quarter. 3.80% of the stock is currently owned by hedge funds and other institutional investors.

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.