Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Sets New 12-Month High - Time to Buy?

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $9.28 and last traded at $9.28, with a volume of 167452 shares changing hands. The stock had previously closed at $9.12.

Companhia Paranaense de Energia (COPEL) Stock Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.48 and a quick ratio of 1.47. The firm has a market capitalization of $5.47 billion, a P/E ratio of 54.03, a P/E/G ratio of 7.41 and a beta of 0.78. The stock's 50 day moving average is $8.55 and its two-hundred day moving average is $7.32.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) last issued its quarterly earnings data 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). Companhia Paranaense de Energia (COPEL) had a net margin of 12.67% and a return on equity of 11.17%. The business had revenue of $856.71 million during the quarter, compared to analyst estimates of $4.97 billion. As a group, equities analysts anticipate that Companhia Paranaense de Energia will post 0.12 earnings per share for the current fiscal year.

Institutional Trading of Companhia Paranaense de Energia (COPEL)

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

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