Companhia Paranaense de Energia – Copel (NYSE:ELPC) Shares Gap Down – Here’s What Happened

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $9.34, but opened at $9.11. Companhia Paranaense de Energia – Copel shares last traded at $9.16, with a volume of 166,988 shares traded.

Analyst Ratings Changes

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

Companhia Paranaense de Energia – Copel Trading Up 0.4%

The firm has a market cap of $10.03 billion, a P/E ratio of 18.38 and a beta of -0.02. The firm’s 50 day moving average is $9.67 and its two-hundred day moving average is $8.79.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last posted its earnings results on Wednesday, December 3rd. The company reported $0.10 earnings per share 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 disclosed a special dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 2nd will be paid 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 presently 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 acquired a new position in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,250 shares of the company’s stock, valued at approximately $28,000.

Companhia Paranaense de Energia – Copel Company Profile

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.