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 trading on Tuesday . The company traded as high as $8.97 and last traded at $8.95, with a volume of 69560 shares. The stock had previously closed at $8.75.

Companhia Paranaense de Energia - COPEL Trading Up 2.1%

The stock has a market cap of $4.93 billion, a PE ratio of 52.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45. The stock has a fifty day moving average price of $7.98 and a 200 day moving average price of $7.02.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last announced its earnings results on Friday, May 9th. The utilities provider reported $0.04 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 analysts' expectations of $4.97 billion. Companhia Paranaense de Energia - COPEL had a return on equity of 11.88% and a net margin of 14.20%. Equities analysts expect that Companhia Paranaense de Energia - COPEL will post 0.12 EPS for the current year.

Hedge Funds Weigh In On Companhia Paranaense de Energia - COPEL

A number of institutional investors and hedge funds have recently modified their holdings of ELP. Letko Brosseau & Associates Inc. boosted its holdings 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 purchasing an additional 190,026 shares during the period. Two Sigma Investments LP lifted its stake in shares of Companhia Paranaense de Energia - COPEL by 176.6% during the 4th quarter. Two Sigma Investments LP now owns 288,065 shares of the utilities provider's stock worth $1,708,000 after acquiring an additional 183,936 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Companhia Paranaense de Energia - COPEL by 1,056.3% during the 4th quarter. Marshall Wace LLP now owns 139,551 shares of the utilities provider's stock worth $828,000 after acquiring an additional 127,482 shares during the last quarter. Millennium Management LLC lifted its stake in shares of 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 during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of Companhia Paranaense de Energia - COPEL by 71.3% during the 4th quarter. Two Sigma Advisers LP now owns 257,020 shares of the utilities provider's stock worth $1,524,000 after acquiring an additional 107,000 shares during the last quarter. Hedge funds and other institutional investors 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.