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

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $9.19 and last traded at $9.16, with a volume of 76129 shares changing hands. The stock had previously closed at $8.93.

Companhia Paranaense de Energia (COPEL) Stock Down 1.5%

The company has a market capitalization of $5.42 billion, a P/E ratio of 53.51, a price-to-earnings-growth ratio of 7.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.47 and a current ratio of 1.48. The firm's fifty day moving average is $8.48 and its 200-day moving average is $7.27.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.12). The company had revenue of $856.71 million for the quarter, compared to the consensus estimate of $4.97 billion. Companhia Paranaense de Energia (COPEL) had a net margin of 12.67% and a return on equity of 11.17%. As a group, equities research analysts predict that Companhia Paranaense de Energia will post 0.12 EPS for the current year.

Institutional Investors Weigh In On Companhia Paranaense de Energia (COPEL)

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new stake in shares of Companhia Paranaense de Energia (COPEL) during the 1st quarter valued at approximately $35,000. Summit Securities Group LLC acquired a new stake in Companhia Paranaense de Energia (COPEL) during the 1st quarter worth approximately $45,000. Brooklyn Investment Group boosted its position in Companhia Paranaense de Energia (COPEL) by 315,600.0% during the 1st quarter. Brooklyn Investment Group now owns 6,314 shares of the utilities provider's stock worth $46,000 after buying an additional 6,312 shares during the period. GAMMA Investing LLC boosted its position 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. Finally, PNC Financial Services Group Inc. boosted its position in Companhia Paranaense de Energia (COPEL) by 78.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider's stock worth $52,000 after buying an additional 3,849 shares during the period. 3.80% of the stock is owned by institutional investors.

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.