Companhia Paranaense de Energia – COPEL (NYSE:ELP) Reaches New 12-Month High – Should You Buy?

Companhia Paranaense de Energia – COPEL (NYSE:ELP)’s share price reached a new 52-week high on Monday . The company traded as high as $8.77 and last traded at $8.39, with a volume of 251342 shares traded. The stock had previously closed at $8.30.

Companhia Paranaense de Energia – COPEL Stock Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. The stock has a 50 day moving average of $7.58 and a two-hundred day moving average of $6.85. The stock has a market capitalization of $4.78 billion, a PE ratio of 51.35 and a beta of 0.79.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last posted its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). The company had revenue of $856.71 million for the quarter, compared to analyst estimates of $4.97 billion. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. Research analysts expect that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current fiscal year.

Institutional Trading of Companhia Paranaense de Energia – COPEL

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC boosted its stake in Companhia Paranaense de Energia – COPEL by 1.6% during the fourth quarter. Hsbc Holdings PLC now owns 89,438 shares of the utilities provider’s stock worth $525,000 after buying an additional 1,407 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Companhia Paranaense de Energia – COPEL by 28.8% during the 1st quarter. Signaturefd LLC now owns 13,493 shares of the utilities provider’s stock worth $99,000 after acquiring an additional 3,017 shares during the period. Ballentine Partners LLC grew its position in Companhia Paranaense de Energia – COPEL by 18.3% during the fourth quarter. Ballentine Partners LLC now owns 20,268 shares of the utilities provider’s stock worth $120,000 after buying an additional 3,140 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Companhia Paranaense de Energia – COPEL by 78.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 3,849 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Companhia Paranaense de Energia – COPEL by 132.3% during the 1st quarter. GAMMA Investing LLC now owns 7,795 shares of the utilities provider’s stock worth $57,000 after buying an additional 4,440 shares during the period. Institutional investors and hedge funds own 3.80% of the company’s stock.

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.