Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Hits New 52-Week High - What's Next?

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 mid-day trading on Thursday . The company traded as high as $9.29 and last traded at $9.23, with a volume of 230703 shares traded. The stock had previously closed at $8.93.

Companhia Paranaense de Energia (COPEL) Price Performance

The company's 50-day moving average price is $8.81 and its 200-day moving average price is $7.90. The company has a quick ratio of 1.47, a current ratio of 1.48 and a debt-to-equity ratio of 0.60. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 54.26, a PEG ratio of 6.98 and a beta of 0.75.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The utilities provider reported $0.02 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 11.17% and a net margin of 12.67%. On average, equities research analysts forecast that Companhia Paranaense de Energia will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ELP. Hsbc Holdings PLC grew its stake in shares of Companhia Paranaense de Energia (COPEL) by 1.6% during the 4th quarter. Hsbc Holdings PLC now owns 89,438 shares of the utilities provider's stock worth $525,000 after purchasing an additional 1,407 shares during the period. Signaturefd LLC lifted its stake in shares of Companhia Paranaense de Energia (COPEL) by 14.9% in the second quarter. Signaturefd LLC now owns 15,509 shares of the utilities provider's stock valued at $142,000 after purchasing an additional 2,016 shares during the period. Ethic Inc. grew its position in Companhia Paranaense de Energia (COPEL) by 7.4% during the second quarter. Ethic Inc. now owns 39,022 shares of the utilities provider's stock worth $348,000 after buying an additional 2,676 shares during the period. Wealthstream Advisors Inc. increased its holdings in Companhia Paranaense de Energia (COPEL) by 29.8% in the second quarter. Wealthstream Advisors Inc. now owns 13,590 shares of the utilities provider's stock valued at $124,000 after buying an additional 3,119 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Companhia Paranaense de Energia (COPEL) by 40.7% during the 2nd quarter. GAMMA Investing LLC now owns 10,968 shares of the utilities provider's stock worth $100,000 after acquiring an additional 3,173 shares in the last quarter. 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.

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