Companhia Paranaense de Energia – Copel (NYSE:ELPC) Sees Strong Trading Volume – Should You Buy?

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) shares saw an uptick in trading volume on Monday . 8,348 shares traded hands during mid-day trading, an increase of 11% from the previous session’s volume of 7,527 shares.The stock last traded at $9.2850 and had previously closed at $9.60.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Companhia Paranaense de Energia – Copel has a consensus rating of “Hold”.

Companhia Paranaense de Energia – Copel Price Performance

The stock has a market cap of $9.48 billion, a PE ratio of 17.37 and a beta of -0.02. The company’s fifty day moving average is $9.73 and its 200-day moving average is $8.83.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.10 earnings per share for the quarter. The company had revenue of $1.28 billion for the quarter.

Companhia Paranaense de Energia – Copel Dividend Announcement

The business also recently announced a special dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 2nd will be issued a dividend of $0.2795 per share. The ex-dividend date of this dividend is Friday, January 2nd. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is 45.10%.

Institutional Investors Weigh In On Companhia Paranaense de Energia – Copel

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

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.