Companhia Paranaense de Energia – Copel (NYSE:ELPC) Issues Earnings Results

Companhia Paranaense de Energia – Copel (NYSE:ELPC) released its quarterly earnings results on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $6.81 billion for the quarter.

Companhia Paranaense de Energia – Copel Stock Up 1.7%

NYSE:ELPC traded up $0.18 on Thursday, hitting $10.40. The stock had a trading volume of 648 shares, compared to its average volume of 2,633. Companhia Paranaense de Energia – Copel has a 52 week low of $5.04 and a 52 week high of $10.51. The business’s fifty day moving average is $9.47 and its 200 day moving average is $8.67. The company has a market cap of $11.12 billion, a PE ratio of 20.38 and a beta of -0.02.

Hedge Funds Weigh In On Companhia Paranaense de Energia – Copel

An institutional investor recently bought a new position in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP purchased a new stake in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,250 shares of the company’s stock, valued at approximately $28,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Companhia Paranaense de Energia – Copel Company Profile

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, GAS, Power Sale, and Holding and Services segments.