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

Key Points

• Shares hit a new 52‑week high of $12.01 (last $11.9550) on volume of 803,092, with the 50‑day/200‑day moving averages at $10.93/$9.93 and a market cap around $8.9B.
• Analysts show mixed views but a consensus Moderate Buy rating with a $10.40 price target, including recent coverage from Goldman Sachs (Buy) and Scotiabank (Strong‑Buy).
• The company reported quarterly EPS of $0.11, beating the $0.08 estimate, while revenue of $1.25B was well below the $4.52B analyst estimate—an unusual discrepancy investors should note.

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.01 and last traded at $11.9550, with a volume of 803092 shares changing hands. The stock had previously closed at $11.43.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ELPC shares. Wall Street Zen lowered Companhia Paranaense de Energia - Copel from a "strong-buy" rating to a "buy" rating in a research report on Saturday. The Goldman Sachs Group began coverage on shares of Companhia Paranaense de Energia - Copel in a research report on Wednesday, January 28th. They set a "buy" rating and a $10.40 target price on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Companhia Paranaense de Energia - Copel to a "hold" rating in a research report on Friday, January 30th. Finally, Scotiabank raised shares of Companhia Paranaense de Energia - Copel to a "strong-buy" rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.40.

Companhia Paranaense de Energia - Copel Price Performance

The business has a 50 day moving average of $10.93 and a 200 day moving average of $9.93. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 3.61 and a beta of -0.11.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $4.52 billion.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ELPC. Federation des caisses Desjardins du Quebec grew its holdings in Companhia Paranaense de Energia - Copel by 143.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company's stock valued at $27,000 after purchasing an additional 1,650 shares during the period. Millennium Management LLC boosted its position in shares of Companhia Paranaense de Energia - Copel by 13.0% during the fourth quarter. Millennium Management LLC now owns 19,083 shares of the company's stock worth $181,000 after purchasing an additional 2,190 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Companhia Paranaense de Energia - Copel by 222.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,994 shares of the company's stock worth $57,000 after purchasing an additional 4,134 shares in the last quarter. Arax Advisory Partners acquired a new position in shares of Companhia Paranaense de Energia - Copel in the 4th quarter valued at $45,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Companhia Paranaense de Energia - Copel by 8,715.5% in the 4th quarter. Farther Finance Advisors LLC now owns 5,113 shares of the company's stock valued at $49,000 after buying an additional 5,055 shares during the period.

About Companhia Paranaense de Energia - Copel

Companhia Paranaense de Energia – Copel is a Brazilian utility company primarily engaged in the generation, transmission and distribution of electricity. Established in 1954, Copel operates a diversified portfolio of power plants, with a strong emphasis on hydroelectric facilities supplemented by thermal and renewable energy sources. The company's integrated network spans the entirety of Paraná state, delivering electricity services to residential, commercial and industrial customers through a combination of high-voltage transmission lines and local distribution networks.

In addition to its core power business, Copel has expanded into telecommunications through its Copel Telecom subsidiary.

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