Companhia Paranaense de Energia – Copel (ELPC) Projected to Post Quarterly Earnings on Friday

Companhia Paranaense de Energia – Copel (NYSE:ELPC) is anticipated to post its results before the market opens on Friday, February 27th. Analysts expect the company to announce earnings of $0.0790 per share and revenue of $4.5236 billion for the quarter.

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

Companhia Paranaense de Energia – Copel Trading Up 3.9%

ELPC opened at $11.61 on Wednesday. The company’s 50 day moving average is $9.89 and its 200 day moving average is $9.40. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.93 and a beta of 0.02. Companhia Paranaense de Energia – Copel has a 12-month low of $5.49 and a 12-month high of $11.76.

Companhia Paranaense de Energia – Copel Announces Dividend

The firm also recently declared a special dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, January 5th will be paid a dividend of $0.3299 per share. The ex-dividend date is Monday, January 5th. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is currently 135.29%.

Institutional Trading of Companhia Paranaense de Energia – Copel

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in Companhia Paranaense de Energia – Copel by 575.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,078,808 shares of the company’s stock worth $10,259,000 after purchasing an additional 919,086 shares during the period. SPX Gestao de Recursos Ltda lifted its holdings in shares of Companhia Paranaense de Energia – Copel by 1,194.4% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 918,127 shares of the company’s stock worth $8,731,000 after buying an additional 847,198 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Companhia Paranaense de Energia – Copel during the fourth quarter worth $3,935,000. Renaissance Technologies LLC bought a new position in shares of Companhia Paranaense de Energia – Copel during the fourth quarter worth $3,718,000. Finally, Dimensional Fund Advisors LP grew its stake in Companhia Paranaense de Energia – Copel by 1,645.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 208,457 shares of the company’s stock valued at $1,981,000 after acquiring an additional 196,516 shares in the last quarter.

Analyst Ratings Changes

ELPC has been the subject of several analyst reports. Scotiabank upgraded Companhia Paranaense de Energia – Copel to a “strong-buy” rating in a research note on Friday, January 9th. The Goldman Sachs Group began coverage on Companhia Paranaense de Energia – Copel in a report on Wednesday, January 28th. They set a “buy” rating and a $10.40 price target for the company. Zacks Research raised Companhia Paranaense de Energia – Copel to a “hold” rating in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Companhia Paranaense de Energia – Copel to a “hold” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.40.

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.