Companhia Paranaense de Energia – Copel (ELPC) Projected to Post Earnings on Friday

Companhia Paranaense de Energia – Copel (NYSE:ELPC) is anticipated to issue its results before the market opens on Friday, February 27th. Analysts expect the company to announce earnings of $0.0790 per share and revenue of $4.5236 billion for the quarter.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.10 earnings per share for the quarter. The business had revenue of $1.28 billion during the quarter.

Companhia Paranaense de Energia – Copel Stock Up 2.1%

ELPC stock opened at $11.01 on Friday. Companhia Paranaense de Energia – Copel has a twelve month low of $5.49 and a twelve month high of $11.17. The business’s fifty day moving average is $9.80 and its 200-day moving average is $9.32. The company has a market cap of $8.19 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 2.83 and a beta of 0.02.

Companhia Paranaense de Energia – Copel Dividend Announcement

The business also recently declared a special dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, January 5th will be paid a $0.3299 dividend. The ex-dividend date of this dividend is Monday, January 5th. Companhia Paranaense de Energia – Copel’s dividend payout ratio is 135.29%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Scotiabank raised shares of Companhia Paranaense de Energia – Copel to a “strong-buy” rating in a research note on Friday, January 9th. Wall Street Zen upgraded shares of Companhia Paranaense de Energia – Copel to a “hold” rating in a research report on Saturday, February 7th. The Goldman Sachs Group initiated coverage on Companhia Paranaense de Energia – Copel in a research note on Wednesday, January 28th. They set a “buy” rating and a $10.40 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded Companhia Paranaense de Energia – Copel to a “hold” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.40.

Institutional Trading of Companhia Paranaense de Energia – Copel

Several hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. bought a new stake in Companhia Paranaense de Energia – Copel in the 4th quarter valued at about $154,000. Goldman Sachs Group Inc. boosted its stake in shares of Companhia Paranaense de Energia – Copel by 575.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,078,808 shares of the company’s stock valued at $10,259,000 after buying an additional 919,086 shares during the period. Parallel Advisors LLC grew its position in Companhia Paranaense de Energia – Copel by 491.2% during the fourth quarter. Parallel Advisors LLC now owns 6,237 shares of the company’s stock worth $59,000 after buying an additional 5,182 shares in the last quarter. Syon Capital LLC bought a new position in Companhia Paranaense de Energia – Copel during the 4th quarter worth $219,000. Finally, Clearbridge Investments LLC bought a new position in Companhia Paranaense de Energia – Copel during the 4th quarter worth $192,000.

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.