Companhia Paranaense de Energia – Copel (ELPC) Expected to Post Quarterly Earnings on Wednesday

Companhia Paranaense de Energia – Copel (NYSE:ELPC) is expected to be announcing its results after the market closes on Wednesday, August 5th. Analysts expect Companhia Paranaense de Energia – Copel to announce earnings of $0.14 per share and revenue of $1.1709 billion for the quarter.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.13 billion. On average, analysts expect Companhia Paranaense de Energia – Copel to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Companhia Paranaense de Energia – Copel Stock Up 0.0%

ELPC opened at $11.73 on Monday. The company’s 50-day moving average price is $11.58 and its 200 day moving average price is $11.55. Companhia Paranaense de Energia – Copel has a fifty-two week low of $7.80 and a fifty-two week high of $13.70. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.04 and a beta of -0.06.

Companhia Paranaense de Energia – Copel Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Friday, May 1st will be issued a dividend of $0.1904 per share. The ex-dividend date of this dividend is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio is 105.26%.

Insider Buying and Selling at Companhia Paranaense de Energia – Copel

In related news, Director Abreu Marco Antonio Villela De sold 32,490 shares of Companhia Paranaense de Energia – Copel stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $2.94, for a total value of $95,520.60. Following the sale, the director directly owned 63,546 shares in the company, valued at $186,825.24. This trade represents a 33.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Compound Planning Inc. bought a new stake in shares of Companhia Paranaense de Energia – Copel during the fourth quarter valued at approximately $114,000. Invesco Ltd. acquired a new stake in Companhia Paranaense de Energia – Copel in the 4th quarter valued at approximately $370,000. Mercer Global Advisors Inc. ADV acquired a new stake in Companhia Paranaense de Energia – Copel in the 4th quarter valued at approximately $190,000. Vident Advisory LLC bought a new stake in Companhia Paranaense de Energia – Copel during the 4th quarter valued at $1,089,000. Finally, Summit Securities Group LLC bought a new stake in Companhia Paranaense de Energia – Copel during the 4th quarter valued at $71,000.

Analyst Upgrades and Downgrades

ELPC has been the topic of a number of research reports. Wall Street Zen cut Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $10.40.

Companhia Paranaense de Energia – Copel Company Profile

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.