Companhia Paranaense de Energia (COPEL)'s (ELP) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• The stock of Companhia Paranaense de Energia (COPEL) has been given a "hold (C)" rating by Weiss Ratings, reiterating its current performance outlook.
• COPEL's shares decreased by 0.8% on Wednesday, with a current stock price of $9.19, and its market capitalization stands at approximately $5.47 billion.
• Recent earnings results showed that COPEL reported $0.02 earnings per share, significantly missing the analysts' consensus estimate of $0.11, indicating potential challenges in financial performance.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Companhia Paranaense de Energia (COPEL) Stock Down 0.8%

Shares of NYSE ELP traded down $0.08 during trading on Wednesday, hitting $9.19. 67,882 shares of the company traded hands, compared to its average volume of 240,338. The business's fifty day moving average is $9.19 and its 200 day moving average is $8.65. Companhia Paranaense de Energia has a fifty-two week low of $5.72 and a fifty-two week high of $9.90. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 54.03, a P/E/G ratio of 3.87 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.12 and a current ratio of 1.13.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) last posted its earnings results on Wednesday, August 6th. The utilities provider reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.09). Companhia Paranaense de Energia (COPEL) had a return on equity of 11.15% and a net margin of 12.77%.The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $4.72 billion. Equities research analysts predict that Companhia Paranaense de Energia will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise bought a new position in shares of Companhia Paranaense de Energia (COPEL) during the 1st quarter valued at approximately $35,000. EverSource Wealth Advisors LLC grew its position in shares of Companhia Paranaense de Energia (COPEL) by 279.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,318 shares of the utilities provider's stock valued at $39,000 after acquiring an additional 3,179 shares during the period. Summit Securities Group LLC bought a new position in shares of Companhia Paranaense de Energia (COPEL) during the 1st quarter valued at approximately $45,000. Brooklyn Investment Group boosted its holdings in Companhia Paranaense de Energia (COPEL) by 315,600.0% in the 1st quarter. Brooklyn Investment Group now owns 6,314 shares of the utilities provider's stock worth $46,000 after buying an additional 6,312 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Companhia Paranaense de Energia (COPEL) by 132.3% in the 1st quarter. GAMMA Investing LLC now owns 7,795 shares of the utilities provider's stock worth $57,000 after buying an additional 4,440 shares during the period. 3.80% of the stock is 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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