Stocks of Companhia Paranaense de Energia – COPEL (NYSE:ELP) traded higher last session on Wall Street, down -0.42% to $7.15.
According to the data, Companhia Paranaense de Energia – COPEL (NYSE:ELP) has 8 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $10.52 and a low of $6.91, we find $8.21. Given the previous closing price of $7.18, this indicates a potential upside of 14.35 percent. ELP stock price is now 0.78% away from the 50-day moving average and 8.16% away from the 200-day moving average. The market capitalization of the company currently stands at $3.94B.
A total of 3 analysts have issued a hold rating and 5 have given it a buy rating. Brokers who have rated the stock have averaged $8.43 as their price target over the next twelve months.
, while ‘JP Morgan’ rates the stock as ‘Overweight’.
A total of 55.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ELP stock. A new stake in Companhia Paranaense de Energia – COPEL shares was purchased by BANCO BTG PACTUAL S.A. during the first quarter worth $2,364,000. SPX GESTAO DE RECURSOS LTDA invested $1,209,000 in shares of ELP during the first quarter. In the first quarter, JENKINS WEALTH acquired a new stake in Companhia Paranaense de Energia – COPEL valued at approximately $693,000. MERCER GLOBAL ADVISORS INC /ADV acquired a new stake in ELP for approximately $272,000. AXXCESS WEALTH MANAGEMENT, LLC purchased a new stake in ELP valued at around $215,000 in the second quarter. In total, there are 123 active investors with 10.10% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $7.27 for Companhia Paranaense de Energia – COPEL (NYSE: ELP). During the past 12 months, Companhia Paranaense de Energia – COPEL has had a low of $5.46 and a high of $7.93. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for ELP is $7.15 and a two-hundred day moving average price translates $6.84 for the stock.
The latest earnings results from Companhia Paranaense de Energia – COPEL (NYSE: ELP) was released for Jun, 2022. According to the Utilities – Diversified Company, earnings per share came in at $0.02, missing analysts’ expectations of $0.22 by -0.2. This compares to $0.07 EPS in the same period last year. The net profit margin was 3.80% and return on equity was 4.10% for ELP. The company reported revenue of $1.07 billion for the quarter, compared to $1.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.29 percent.
Investors who held shares on 11/23/2022 were paid a $0.13666 dividend. On an annualized basis, this represents a $0.93 dividend and a 13.06% percent yield. There was an ex-dividend date of 11/22/2022 for this dividend.
Companhia Paranaense de Energia – COPEL(ELP) Company Profile
Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and trading of energy to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. The company operates through Power generation and transmission, Power distribution, Gas, and Power sale segments. It is also involved in the piped natural gas distribution. As of December 31, 2021, the company operated 20 hydroelectric plants, 30 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,957 megawatts; and owned and operated 3,638 km of transmission lines and 204,957 km of distribution lines. It holds concessions to distribute electricity in 394 municipalities in the State of Paraná and in the municipality of Porto União in the State of Santa Catarina. Companhia Paranaense de Energia COPEL was founded in 1954 and is headquartered in Curitiba, Brazil.