Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Shares Pass Above 200 Day Moving Average – Should You Sell?

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.50 and traded as high as $9.65. Companhia Paranaense de Energia (COPEL) shares last traded at $9.2950, with a volume of 755,876 shares changing hands.

Wall Street Analyst Weigh In

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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Companhia Paranaense de Energia (COPEL) Stock Performance

The business has a fifty day moving average of $10.25 and a 200 day moving average of $9.50. The company has a market cap of $5.53 billion, a P/E ratio of 77.46, a P/E/G ratio of 3.40 and a beta of 0.76. The company has a quick ratio of 1.42, a current ratio of 1.43 and a debt-to-equity ratio of 0.72.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last posted its earnings results on Thursday, November 13th. The utilities provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). Companhia Paranaense de Energia (COPEL) had a return on equity of 7.77% and a net margin of 8.66%.The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $972.33 million. On average, equities analysts predict that Companhia Paranaense de Energia will post 0.12 EPS for the current year.

Companhia Paranaense de Energia (COPEL) Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be paid a $0.5732 dividend. The ex-dividend date is Wednesday, December 24th. Companhia Paranaense de Energia (COPEL)’s dividend payout ratio (DPR) is presently 208.33%.

Institutional Investors Weigh In On Companhia Paranaense de Energia (COPEL)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ELP. AQR Capital Management LLC lifted its position in Companhia Paranaense de Energia (COPEL) by 7.9% during the first quarter. AQR Capital Management LLC now owns 49,609 shares of the utilities provider’s stock valued at $363,000 after buying an additional 3,620 shares during the period. Jane Street Group LLC increased its stake in shares of Companhia Paranaense de Energia (COPEL) by 77.9% in the 1st quarter. Jane Street Group LLC now owns 21,208 shares of the utilities provider’s stock worth $155,000 after acquiring an additional 9,285 shares in the last quarter. GAMMA Investing LLC lifted its position in Companhia Paranaense de Energia (COPEL) by 40.7% during the 2nd quarter. GAMMA Investing LLC now owns 10,968 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 3,173 shares during the period. Signaturefd LLC boosted its stake in Companhia Paranaense de Energia (COPEL) by 14.9% during the second quarter. Signaturefd LLC now owns 15,509 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 2,016 shares in the last quarter. Finally, PFG Investments LLC purchased a new stake in Companhia Paranaense de Energia (COPEL) in the second quarter worth about $93,000. 3.80% of the stock is owned by hedge funds and other institutional investors.

About Companhia Paranaense de Energia (COPEL)

Companhia Paranaense de Energia (COPEL) is a leading integrated electric utility based in the state of Paraná, Brazil. Established in 1954 and headquartered in Curitiba, COPEL operates across the full value chain of the power sector, including generation, transmission, distribution and commercialization of electricity. The company’s operations are organized to serve residential, commercial, industrial and rural customers, making COPEL one of the primary energy providers in southern Brazil.

In its generation portfolio, COPEL leverages a diverse mix of hydroelectric, thermal and renewable resources.