Companhia Paranaense de Energia – COPEL (NYSE:ELP) Hits New 52-Week High – Should You Buy?

Companhia Paranaense de Energia – COPEL (NYSE:ELP)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $8.83 and last traded at $8.80, with a volume of 53955 shares. The stock had previously closed at $8.75.

Companhia Paranaense de Energia – COPEL Trading Up 1.0%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45. The stock has a market capitalization of $4.84 billion, a P/E ratio of 52.00 and a beta of 0.79. The firm’s fifty day simple moving average is $7.70 and its 200 day simple moving average is $6.89.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last released its earnings results on Friday, May 9th. The utilities provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). The firm had revenue of $856.71 million during the quarter, compared to the consensus estimate of $4.97 billion. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. As a group, equities research analysts forecast that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Companhia Paranaense de Energia – COPEL

Several hedge funds and other institutional investors have recently made changes to their positions in ELP. Ballentine Partners LLC grew its holdings in shares of Companhia Paranaense de Energia – COPEL by 18.3% during the 4th quarter. Ballentine Partners LLC now owns 20,268 shares of the utilities provider’s stock valued at $120,000 after purchasing an additional 3,140 shares during the last quarter. Blue Trust Inc. boosted its position in Companhia Paranaense de Energia – COPEL by 80.8% during the 4th quarter. Blue Trust Inc. now owns 53,333 shares of the utilities provider’s stock worth $316,000 after buying an additional 23,830 shares during the period. R Squared Ltd acquired a new stake in Companhia Paranaense de Energia – COPEL during the 4th quarter worth approximately $31,000. First Affirmative Financial Network acquired a new stake in Companhia Paranaense de Energia – COPEL during the 4th quarter worth approximately $64,000. Finally, Van ECK Associates Corp boosted its position in Companhia Paranaense de Energia – COPEL by 7.6% during the 4th quarter. Van ECK Associates Corp now owns 85,929 shares of the utilities provider’s stock worth $510,000 after buying an additional 6,036 shares during the period. 3.80% of the stock is owned by institutional investors.

About Companhia Paranaense de Energia – COPEL

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.