Companhia Paranaense de Energia – Copel Unsponsored ADR (ELPC) to Issue Special Dividend of $0.28 on January 29th

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) announced a special dividend on Friday, December 5th. Stockholders of record on Friday, January 2nd will be given a dividend of 0.2795 per share on Thursday, January 29th. The ex-dividend date is Friday, January 2nd.

Companhia Paranaense de Energia – Copel Stock Down 0.2%

NYSE:ELPC traded down $0.02 on Wednesday, hitting $9.45. The stock had a trading volume of 11,343 shares, compared to its average volume of 9,130. Companhia Paranaense de Energia – Copel has a 52-week low of $5.04 and a 52-week high of $10.51. The business’s 50-day simple moving average is $9.75 and its two-hundred day simple moving average is $8.86. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 18.52 and a beta of -0.02.

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

Hedge Funds Weigh In On Companhia Paranaense de Energia – Copel

A hedge fund recently raised its stake in Companhia Paranaense de Energia – Copel stock. Optiver Holding B.V. increased its stake in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 299,739 shares of the company’s stock after acquiring an additional 11,611 shares during the quarter. Optiver Holding B.V.’s holdings in Companhia Paranaense de Energia – Copel were worth $2,686,000 at the end of the most recent reporting period.

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.