Companhia Paranaense de Energia – Copel (NYSE:ELPC – Get Free Report) is expected to issue its results after the market closes on Thursday, November 12th. Analysts expect Companhia Paranaense de Energia – Copel to post earnings of $0.13 per share and revenue of $943.15 million for the quarter.
Companhia Paranaense de Energia – Copel Trading Down 1.0%
Shares of ELPC stock opened at $10.80 on Wednesday. The company has a market cap of $8.04 billion and a price-to-earnings ratio of 20.20. The stock has a 50 day simple moving average of $12.47 and a 200-day simple moving average of $11.82. Companhia Paranaense de Energia – Copel has a 12-month low of $8.86 and a 12-month high of $14.51.
Companhia Paranaense de Energia – Copel Dividend Announcement
The firm also recently disclosed a special dividend, which was paid on Tuesday, October 13th. Investors of record on Friday, May 1st were issued a dividend of $0.1904 per share. The ex-dividend date of this dividend was Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio is currently 85.71%.
Analysts Set New Price Targets
A number of research firms have commented on ELPC. Zacks Research raised Companhia Paranaense de Energia – Copel from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 28th. Weiss Ratings upgraded shares of Companhia Paranaense de Energia – Copel from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 30th. Finally, Wall Street Zen downgraded shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $10.40.
Read Our Latest Analysis on Companhia Paranaense de Energia – Copel
Insider Buying and Selling at Companhia Paranaense de Energia – Copel
In other news, Director Pedro Sales sold 50,000 shares of Companhia Paranaense de Energia – Copel stock in a transaction on Monday, October 19th. The stock was sold at an average price of $3.48, for a total transaction of $174,000.00. Following the completion of the transaction, the director owned 24,844 shares of the company’s stock, valued at $86,457.12. The trade was a 66.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
About Companhia Paranaense de Energia – Copel
Companhia Paranaense de Energia, known as Copel, is a Brazilian electric utility headquartered in Curitiba, Paraná. Established in 1954 by the state of Paraná, the company became a privately controlled corporation in 2023. Copel operates across the electricity sector, with activities that include power generation, transmission, distribution and energy trading. Its generation portfolio includes hydroelectric and renewable energy assets, and its transmission and generation operations extend beyond Paraná.
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