Companhia Paranaense de Energia – Copel (NYSE:ELPC – Get Free Report) will likely be issuing its results after the market closes on Wednesday, August 5th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $1.1709 billion for the quarter.
Companhia Paranaense de Energia – Copel (NYSE:ELPC – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, analysts expect Companhia Paranaense de Energia – Copel to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Companhia Paranaense de Energia – Copel Trading Down 0.0%
NYSE ELPC opened at $11.72 on Tuesday. The company has a fifty day simple moving average of $11.58 and a two-hundred day simple moving average of $11.56. The stock has a market cap of $8.73 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.04 and a beta of -0.07. Companhia Paranaense de Energia – Copel has a 12-month low of $7.94 and a 12-month high of $13.70.
Companhia Paranaense de Energia – Copel Dividend Announcement
Analyst Ratings Changes
ELPC has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Friday, July 17th. Wall Street Zen downgraded Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Companhia Paranaense de Energia – Copel currently has an average rating of “Moderate Buy” and an average target price of $10.40.
Check Out Our Latest Stock Report on Companhia Paranaense de Energia – Copel
Insider Activity at Companhia Paranaense de Energia – Copel
In other news, Director Abreu Marco Antonio Villela De sold 32,490 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $2.94, for a total value of $95,520.60. Following the sale, the director directly owned 63,546 shares of the company’s stock, valued at $186,825.24. This represents a 33.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Federation des caisses Desjardins du Quebec increased its holdings in Companhia Paranaense de Energia – Copel by 143.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock valued at $27,000 after buying an additional 1,650 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Companhia Paranaense de Energia – Copel by 13.0% during the 4th quarter. Millennium Management LLC now owns 19,083 shares of the company’s stock worth $181,000 after acquiring an additional 2,190 shares in the last quarter. Arax Advisory Partners purchased a new stake in shares of Companhia Paranaense de Energia – Copel during the 4th quarter worth about $45,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Companhia Paranaense de Energia – Copel during the 4th quarter valued at about $49,000. Finally, Parallel Advisors LLC increased its stake in shares of Companhia Paranaense de Energia – Copel by 491.2% in the 4th quarter. Parallel Advisors LLC now owns 6,237 shares of the company’s stock valued at $59,000 after purchasing an additional 5,182 shares in the last quarter.
About Companhia Paranaense de Energia – Copel
Companhia Paranaense de Energia – Copel is a Brazilian utility company primarily engaged in the generation, transmission and distribution of electricity. Established in 1954, Copel operates a diversified portfolio of power plants, with a strong emphasis on hydroelectric facilities supplemented by thermal and renewable energy sources. The company’s integrated network spans the entirety of Paraná state, delivering electricity services to residential, commercial and industrial customers through a combination of high-voltage transmission lines and local distribution networks.
In addition to its core power business, Copel has expanded into telecommunications through its Copel Telecom subsidiary.
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