Companhia Paranaense de Energia - COPEL (NYSE:ELP) Reaches New 52-Week High - Still a Buy?

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.34 and last traded at $8.20, with a volume of 34494 shares traded. The stock had previously closed at $8.18.

Companhia Paranaense de Energia - COPEL Trading Up 2.3 %

The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 48.82 and a beta of 0.79. The business has a 50-day moving average of $7.43 and a two-hundred day moving average of $6.80. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.51.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). Companhia Paranaense de Energia - COPEL had a return on equity of 11.88% and a net margin of 14.20%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $657.55 million. Research analysts predict that Companhia Paranaense de Energia - COPEL will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ballentine Partners LLC raised its position in shares of 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 purchasing an additional 3,140 shares during the period. Blue Trust Inc. increased its position in Companhia Paranaense de Energia - COPEL by 80.8% during the fourth 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 last quarter. R Squared Ltd acquired a new stake in shares of Companhia Paranaense de Energia - COPEL in the fourth quarter valued at approximately $31,000. First Affirmative Financial Network acquired a new position in shares of 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 fourth quarter. Van ECK Associates Corp now owns 85,929 shares of the utilities provider's stock worth $510,000 after purchasing an additional 6,036 shares during the period. Institutional investors and hedge funds own 3.80% of the company's stock.

Companhia Paranaense de Energia - COPEL Company Profile

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.