Companhia Paranaense de Energia – COPEL (NYSE:ELP) Hits New 12-Month Low – Should You Sell?

Companhia Paranaense de Energia – COPEL (NYSE:ELP)’s share price reached a new 52-week low on Friday . The stock traded as low as $5.72 and last traded at $5.74, with a volume of 51024 shares changing hands. The stock had previously closed at $5.93.

Companhia Paranaense de Energia – COPEL Price Performance

The company has a market cap of $3.16 billion, a P/E ratio of 10.70 and a beta of 0.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45. The company has a fifty day moving average price of $6.28 and a two-hundred day moving average price of $6.95.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share for the quarter. The business had revenue of $1.03 billion for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. On average, sell-side analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.12 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a $0.1441 dividend. The ex-dividend date was Friday, December 13th. Companhia Paranaense de Energia – COPEL’s dividend payout ratio (DPR) is presently 31.48%.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

A number of institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Companhia Paranaense de Energia – COPEL in the third quarter valued at approximately $34,000. GAMMA Investing LLC increased its position in shares of Companhia Paranaense de Energia – COPEL by 61.2% during the third quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 2,043 shares during the last quarter. Signaturefd LLC lifted its holdings in Companhia Paranaense de Energia – COPEL by 12.6% during the third quarter. Signaturefd LLC now owns 12,929 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 1,451 shares during the period. Ballentine Partners LLC boosted its position in Companhia Paranaense de Energia – COPEL by 16.6% in the third quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 2,441 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Companhia Paranaense de Energia – COPEL in the 3rd quarter valued at $135,000. 3.80% of the stock is currently owned by institutional investors and hedge funds.

About Companhia Paranaense de Energia – COPEL

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, Power Sale, and Gas segments.