Companhia Paranaense de Energia (ELP) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Companhia Paranaense de Energia (NYSE:ELP) from a sell rating to a hold rating in a research note released on Wednesday.

Companhia Paranaense de Energia stock opened at $7.29 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 5.74 and a beta of 0.50. Companhia Paranaense de Energia has a fifty-two week low of $4.70 and a fifty-two week high of $8.46.

Companhia Paranaense de Energia (NYSE:ELP) last released its quarterly earnings results on Wednesday, August 15th. The utilities provider reported $0.35 earnings per share for the quarter. The company had revenue of $1 billion during the quarter. Companhia Paranaense de Energia had a return on equity of 7.32% and a net margin of 8.03%.

Large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Companhia Paranaense de Energia in the second quarter valued at $169,000. Jane Street Group LLC purchased a new stake in shares of Companhia Paranaense de Energia in the second quarter valued at $175,000. Trexquant Investment LP purchased a new stake in shares of Companhia Paranaense de Energia in the second quarter valued at $180,000. Cubist Systematic Strategies LLC grew its position in shares of Companhia Paranaense de Energia by 175.4% in the second quarter. Cubist Systematic Strategies LLC now owns 46,322 shares of the utilities provider’s stock valued at $258,000 after purchasing an additional 29,503 shares during the period. Finally, Millennium Management LLC grew its position in shares of Companhia Paranaense de Energia by 883.0% in the second quarter. Millennium Management LLC now owns 146,848 shares of the utilities provider’s stock valued at $819,000 after purchasing an additional 131,910 shares during the period. 1.14% of the stock is owned by institutional investors and hedge funds.

Companhia Paranaense de Energia Company Profile

Companhia Paranaense de Energia ? COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. As of December 31, 2017, the company operated 17 hydroelectric plants, 12 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,024.0 megawatts; and owned and operated 2,698.3 kilometers of transmission lines and 196,951.2 kilometers of distribution lines.

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