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

Shares of 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 $8.77 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 Down 3.8%

The firm's fifty day simple moving average is $7.51 and its 200 day simple moving average is $6.82. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 48.91 and a beta of 0.79.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last posted its earnings results on Friday, May 9th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.12). The company had revenue of $856.71 million during the quarter, compared to the consensus estimate of $4.97 billion. Companhia Paranaense de Energia - COPEL had a net margin of 14.20% and a return on equity of 11.88%. Sell-side analysts predict that Companhia Paranaense de Energia - COPEL will post 0.12 earnings per share for the current year.

Institutional Investors Weigh In On Companhia Paranaense de Energia - COPEL

Hedge funds have recently added to or reduced their stakes in the business. Letko Brosseau & Associates Inc. increased its stake in shares of Companhia Paranaense de Energia - COPEL by 2.9% in the 1st quarter. Letko Brosseau & Associates Inc. now owns 6,714,721 shares of the utilities provider's stock worth $49,085,000 after acquiring an additional 190,026 shares in the last quarter. SPX Gestao de Recursos Ltda lifted its position in Companhia Paranaense de Energia - COPEL by 8.8% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,030,320 shares of the utilities provider's stock valued at $6,110,000 after buying an additional 83,758 shares during the last quarter. Millennium Management LLC grew its holdings in Companhia Paranaense de Energia - COPEL by 59.9% during the 4th quarter. Millennium Management LLC now owns 297,678 shares of the utilities provider's stock worth $1,765,000 after acquiring an additional 111,570 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Companhia Paranaense de Energia - COPEL by 176.6% in the fourth quarter. Two Sigma Investments LP now owns 288,065 shares of the utilities provider's stock valued at $1,708,000 after buying an additional 183,936 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Companhia Paranaense de Energia - COPEL by 71.3% in the 4th quarter. Two Sigma Advisers LP now owns 257,020 shares of the utilities provider's stock worth $1,524,000 after buying an additional 107,000 shares in the last quarter. 3.80% of the stock is currently owned by institutional investors.

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.

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