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

Key Points

• Companhia Paranaense de Energia (COPEL) recently hit a new 52-week high at $9.29, closing slightly lower at $9.23 with a trading volume of over 230,000 shares.
• The company reported earnings per share (EPS) of $0.02 for its last quarter, falling short of the consensus estimate of $0.11.
• Several institutional investors have increased their stakes in COPEL, with notable increases from Hsbc Holdings PLC and GAMMA Investing LLC during the second quarter.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $9.29 and last traded at $9.23, with a volume of 230703 shares trading hands. The stock had previously closed at $8.93.

Companhia Paranaense de Energia (COPEL) Trading Down 1.0%

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 company's 50 day moving average price is $8.82 and its 200 day moving average price is $7.97. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 53.35, a price-to-earnings-growth ratio of 7.43 and a beta of 0.75.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.09). Companhia Paranaense de Energia (COPEL) had a return on equity of 11.09% and a net margin of 12.77%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $4.72 billion. Research analysts anticipate that Companhia Paranaense de Energia will post 0.12 EPS for the current year.

Institutional Trading of Companhia Paranaense de Energia (COPEL)

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Letko Brosseau & Associates Inc. boosted its position in Companhia Paranaense de Energia (COPEL) by 2.9% in the first quarter. Letko Brosseau & Associates Inc. now owns 6,714,721 shares of the utilities provider's stock worth $49,085,000 after purchasing an additional 190,026 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Companhia Paranaense de Energia (COPEL) by 59.9% in the fourth quarter. Millennium Management LLC now owns 297,678 shares of the utilities provider's stock worth $1,765,000 after buying an additional 111,570 shares during the last quarter. Two Sigma Investments LP raised its holdings in Companhia Paranaense de Energia (COPEL) by 176.6% in the 4th quarter. Two Sigma Investments LP now owns 288,065 shares of the utilities provider's stock worth $1,708,000 after purchasing an additional 183,936 shares during the period. Two Sigma Advisers LP lifted its position in shares of Companhia Paranaense de Energia (COPEL) by 71.3% in the fourth quarter. Two Sigma Advisers LP now owns 257,020 shares of the utilities provider's stock valued at $1,524,000 after acquiring an additional 107,000 shares in the last quarter. Finally, Vident Advisory LLC grew its position in Companhia Paranaense de Energia (COPEL) by 56.2% in the fourth quarter. Vident Advisory LLC now owns 172,936 shares of the utilities provider's stock worth $1,026,000 after acquiring an additional 62,211 shares during the period. Hedge funds and other institutional investors 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.