Companhia Paranaense de Energia – Copel (ELPC) Set to Announce Earnings on Thursday

Companhia Paranaense de Energia – Copel (NYSE:ELPC) is anticipated to issue its results after the market closes on Thursday, November 12th. Analysts expect the company to post earnings of $0.13 per share and revenue of $943.15 million for the quarter.

Companhia Paranaense de Energia – Copel Price Performance

NYSE ELPC opened at $10.91 on Tuesday. Companhia Paranaense de Energia – Copel has a fifty-two week low of $8.86 and a fifty-two week high of $14.51. The stock’s 50-day moving average is $12.48 and its two-hundred day moving average is $11.81. The firm has a market cap of $8.12 billion and a P/E ratio of 19.76.

Companhia Paranaense de Energia – Copel Announces Dividend

The business also recently declared a special dividend, which was paid on Tuesday, October 13th. Stockholders of record on Friday, May 1st were paid a dividend of $0.1904 per share. The ex-dividend date was Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio is 85.71%.

Insider Buying and Selling at Companhia Paranaense de Energia – Copel

In other news, Director Pedro Sales sold 50,000 shares of the stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $3.48, for a total value of $174,000.00. Following the completion of the sale, the director directly owned 24,844 shares of the company’s stock, valued at approximately $86,457.12. This represents a 66.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

ELPC has been the topic of a number of analyst reports. Wall Street Zen lowered Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Zacks Research upgraded Companhia Paranaense de Energia – Copel from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 28th. Finally, Weiss Ratings upgraded Companhia Paranaense de Energia – Copel from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $10.40.

About Companhia Paranaense de Energia – Copel

Companhia Paranaense de Energia, known as Copel, is a Brazilian electric utility headquartered in Curitiba, Paraná. Established in 1954 by the state of Paraná, the company became a privately controlled corporation in 2023.

Copel operates across the electricity sector, with activities that include power generation, transmission, distribution and energy trading. Its generation portfolio includes hydroelectric and renewable energy assets, and its transmission and generation operations extend beyond Paraná.

The company’s electricity distribution business serves customers across much of Paraná, including residential, commercial and industrial users.