Companhia Paranaense de Energia – COPEL (NYSE:ELP) shares traded -0.16% lower at $6.31 on Wall Street last session.
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 $9.32. Given the previous closing price of $6.32, this indicates a potential upside of 47.47 percent. ELP stock price is now -9.50% away from the 50-day moving average and -4.54% away from the 200-day moving average. The market capitalization of the company currently stands at $3.46B.
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Brokers who have rated the stock have averaged $8.75 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 ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. during the first quarter worth $24,658,000. TRIUM CAPITAL LLP invested $1,543,000 in shares of ELP during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in Companhia Paranaense de Energia – COPEL valued at approximately $1,272,000. HRT FINANCIAL LP acquired a new stake in ELP for approximately $762,000. JENKINS WEALTH purchased a new stake in ELP valued at around $612,000 in the second quarter. In total, there are 125 active investors with 10.10% ownership of the company’s stock.
Companhia Paranaense de Energia – COPEL (NYSE: ELP) opened at $6.24 on Monday. 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 $6.97 and a two-hundred day moving average price translates $6.79 for the stock.
The latest earnings results from Companhia Paranaense de Energia – COPEL (NYSE: ELP) was released for Sep, 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 14.80% percent yield. There was an ex-dividend date of 11/22/2022 for this dividend. In terms of dividend payout ratio, ELP is presently at 82.07%.
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.
