Companhia Paranaense de Energia – Copel (NYSE:ELPC) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Companhia Paranaense de Energia – Copel (NYSE:ELPC) issued its quarterly earnings data on Thursday. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05, FiscalAI reports. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.05 billion.

Companhia Paranaense de Energia – Copel Price Performance

Shares of ELPC stock traded up $0.23 during trading hours on Friday, hitting $10.88. The stock had a trading volume of 107,054 shares, compared to its average volume of 449,403. The stock has a market capitalization of $8.10 billion and a price-to-earnings ratio of 15.55. Companhia Paranaense de Energia – Copel has a one year low of $8.86 and a one year high of $14.51. The stock’s 50-day moving average price is $12.42 and its two-hundred day moving average price is $11.82.

Companhia Paranaense de Energia – Copel Announces Dividend

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

Insiders Place Their Bets

In other Companhia Paranaense de Energia – Copel news, Director Pedro Sales sold 50,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 24,844 shares in the company, valued at $86,457.12. This trade represents a 66.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Analyst Ratings Changes

A number of brokerages recently issued reports on ELPC. Zacks Research upgraded Companhia Paranaense de Energia – Copel from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. Weiss Ratings upgraded shares of Companhia Paranaense de Energia – Copel from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 30th. 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 assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Companhia Paranaense de Energia – Copel has a consensus rating of “Buy” and an average price target of $10.40.

About Companhia Paranaense de Energia – Copel

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.