Companhia Paranaense de Energia – Copel (NYSE:ELPC) Releases Earnings Results, Beats Estimates By $0.05 EPS

Companhia Paranaense de Energia – Copel (NYSE:ELPC) released its quarterly earnings results on Thursday. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05, FiscalAI reports. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.05 billion.

Companhia Paranaense de Energia – Copel Price Performance

Shares of NYSE ELPC traded down $0.30 during midday trading on Thursday, reaching $10.66. The company’s stock had a trading volume of 482,070 shares, compared to its average volume of 952,068. Companhia Paranaense de Energia – Copel has a 12-month low of $8.86 and a 12-month high of $14.51. The firm has a 50 day moving average price of $12.42 and a 200-day moving average price of $11.82. The stock has a market capitalization of $7.93 billion and a P/E ratio of 20.30.

Companhia Paranaense de Energia – Copel Dividend Announcement

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

Insider Activity at Companhia Paranaense de Energia – Copel

In related news, Director Pedro Sales sold 50,000 shares of Companhia Paranaense de Energia – Copel stock in a transaction on Monday, October 19th. The stock was sold at an average price of $3.48, for a total transaction of $174,000.00. Following the sale, the director directly owned 24,844 shares in the company, valued at approximately $86,457.12. This trade represents a 66.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ELPC shares. Weiss Ratings raised shares of Companhia Paranaense de Energia – Copel from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 30th. Zacks Research upgraded shares of Companhia Paranaense de Energia – Copel from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 28th. Finally, Wall Street Zen downgraded shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $10.40.

Companhia Paranaense de Energia – Copel Company Profile

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.