Companhia Paranaense de Energia – Copel (NYSE:ELPC) Trading Down 7.1% – What’s Next?

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) dropped 7.1% during trading on Monday . The company traded as low as $9.88 and last traded at $9.6550. Approximately 550 shares were traded during trading, a decline of 92% from the average daily volume of 6,818 shares. The stock had previously closed at $10.39.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Companhia Paranaense de Energia – Copel has a consensus rating of “Hold”.

Companhia Paranaense de Energia – Copel Price Performance

The firm has a market cap of $10.41 billion, a P/E ratio of 19.08 and a beta of -0.02. The company’s 50-day moving average is $9.52 and its two-hundred day moving average is $8.70.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last issued its earnings results on Wednesday, December 3rd. The company reported $0.10 EPS for the quarter. The firm had revenue of $6.81 billion during the quarter.

Companhia Paranaense de Energia – Copel Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 2nd will be issued a $0.2795 dividend. The ex-dividend date of this dividend is Friday, January 2nd. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is currently 60.78%.

Institutional Trading of Companhia Paranaense de Energia – Copel

A hedge fund recently bought a new stake in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP acquired a new stake in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,250 shares of the company’s stock, valued at approximately $28,000.

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, GAS, Power Sale, and Holding and Services segments.