Companhia Paranaense de Energia - Copel (NYSE:ELPC) Sets New 1-Year High - What's Next?

Shares of Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $10.59 and last traded at $10.5650, with a volume of 23262 shares changing hands. The stock had previously closed at $10.35.Analysts Set New Price TargetsA number of equities research analysts have issued reports on ELPC shares. Scotiabank raised shares of Companhia Paranaense de Energia - Copel to a "strong-buy" rating in a report on Friday, January 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".Read Our Latest Report on Companhia Paranaense de Energia - CopelCompanhia Paranaense de Energia - Copel Trading Up 1.6%The company has a market cap of $7.83 billion, a P/E ratio of 20.63 and a beta of 0.03. The firm has a 50 day moving average of $9.60 and a 200-day moving average of $9.00. Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last announced its earnings results on Wednesday, December 3rd. The company reported $0.10 EPS for the quarter. The company had revenue of $1.28 billion during the quarter. Companhia Paranaense de Energia - Copel Dividend AnnouncementThe firm also recently announced a special dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, January 5th will be paid a dividend of $0.3299 per share. The ex-dividend date of this dividend is Monday, January 5th. Companhia Paranaense de Energia - Copel's dividend payout ratio (DPR) is 135.29%. Institutional Inflows and OutflowsSeveral large investors have recently modified their holdings of ELPC. Allworth Financial LP acquired a new stake in shares of Companhia Paranaense de Energia - Copel in the 2nd quarter valued at approximately $28,000. Farther Finance Advisors LLC raised its stake in shares of Companhia Paranaense de Energia - Copel by 8,715.5% in the 4th quarter. Farther Finance Advisors LLC now owns 5,113 shares of the company's stock valued at $49,000 after acquiring an additional 5,055 shares during the period. CWM LLC boosted its stake in shares of Companhia Paranaense de Energia - Copel by 686.8% in the fourth quarter. CWM LLC now owns 6,373 shares of the company's stock valued at $61,000 after purchasing an additional 5,563 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Companhia Paranaense de Energia - Copel in the 4th quarter worth about $96,000. Finally, GAMMA Investing LLC raised its stake in Companhia Paranaense de Energia - Copel by 35,238.9% during the fourth quarter. GAMMA Investing LLC now owns 12,722 shares of the company's stock worth $121,000 after acquiring an additional 12,686 shares during the period. About Companhia Paranaense de Energia - Copel (Get Free Report)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.Featured ArticlesFive stocks we like better than Companhia Paranaense de Energia - CopelHow a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyRefund From 1933: Trump’s Reset May Create Instant WealthNEW LAW: Congress Approves Setup For Digital Dollar?The $100 Trillion AI Story No One Is Telling YouThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Companhia Paranaense de Energia - Copel Right Now?Before you consider Companhia Paranaense de Energia - Copel, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Companhia Paranaense de Energia - Copel wasn't on the list.While Companhia Paranaense de Energia - Copel currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here