Companhia Paranaense de Energia – COPEL (NYSE:ELP) Reaches New 52-Week Low at $5.20

Shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) hit a new 52-week low during trading on Wednesday . The company traded as low as $5.20 and last traded at $5.20, with a volume of 840284 shares trading hands. The stock had previously closed at $5.54.

A number of analysts have recently commented on the company. Zacks Investment Research lowered Companhia Paranaense de Energia – COPEL from a “hold” rating to a “sell” rating in a research note on Monday. UBS Group upgraded Companhia Paranaense de Energia – COPEL from a “neutral” rating to a “buy” rating in a research report on Monday, February 22nd.

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.40 and a quick ratio of 1.38. The company has a market capitalization of $2.85 billion, a P/E ratio of 2.23 and a beta of 0.73. The stock has a 50-day moving average price of $2.28 and a 200-day moving average price of $9.77.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its quarterly earnings data on Wednesday, May 5th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 16.92% and a net margin of 18.43%. Sell-side analysts anticipate that Companhia Paranaense de Energia – COPEL will post 2 EPS for the current fiscal year.

The business also recently disclosed an annual dividend, which was paid on Monday, May 10th. Stockholders of record on Monday, April 5th were given a dividend of $0.092 per share. The ex-dividend date of this dividend was Thursday, April 1st. This represents a dividend yield of 7.13%. Companhia Paranaense de Energia – COPEL’s dividend payout ratio (DPR) is 2.50%.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Companhia Paranaense de Energia – COPEL by 1,253.6% in the first quarter. BlackRock Inc. now owns 151,457,811 shares of the utilities provider’s stock worth $190,836,000 after purchasing an additional 140,268,329 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Companhia Paranaense de Energia – COPEL by 902.1% in the first quarter. Alliancebernstein L.P. now owns 2,129,880 shares of the utilities provider’s stock worth $2,684,000 after purchasing an additional 1,917,336 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Companhia Paranaense de Energia – COPEL by 388.0% in the first quarter. Acadian Asset Management LLC now owns 1,217,120 shares of the utilities provider’s stock worth $1,534,000 after purchasing an additional 967,735 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Companhia Paranaense de Energia – COPEL by 831.5% in the first quarter. JPMorgan Chase & Co. now owns 1,145,461 shares of the utilities provider’s stock worth $1,443,000 after purchasing an additional 1,022,488 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in Companhia Paranaense de Energia – COPEL by 10.4% in the fourth quarter. Aperio Group LLC now owns 1,029,512 shares of the utilities provider’s stock worth $14,722,000 after purchasing an additional 97,234 shares in the last quarter.

About Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Companhia Paranaense de Energia – COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. As of December 31, 2019, the company operated 19 hydroelectric plants, 25 wind plants, and one thermoelectric plant with a total installed capacity of 5,742.0 megawatts; and owned and operated 3,389 kilometers of transmission lines and 199,952.6 kilometers of distribution lines.

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