Shares of Companhia Paranaense de Energia (NYSE:ELP) have been given an average broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation and one has issued a strong buy recommendation on the company. Companhia Paranaense de Energia’s rating score has improved by 28.6% from three months ago as a result of a number of analysts’ ratings changes.
Brokers have set a 12-month consensus price target of $10.00 for the company, according to Zacks. Zacks has also assigned Companhia Paranaense de Energia an industry rank of 168 out of 256 based on the ratings given to its competitors.
Several equities analysts have weighed in on the stock. Standpoint Research cut shares of Companhia Paranaense de Energia from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. UBS Group upgraded shares of Companhia Paranaense de Energia from a “neutral” rating to a “buy” rating in a report on Friday, May 3rd.
Several institutional investors have recently bought and sold shares of ELP. Virtu Financial LLC purchased a new position in shares of Companhia Paranaense de Energia during the 4th quarter valued at $85,000. Barclays PLC grew its holdings in shares of Companhia Paranaense de Energia by 208.5% during the 4th quarter. Barclays PLC now owns 11,672 shares of the utilities provider’s stock valued at $91,000 after acquiring an additional 7,889 shares in the last quarter. Verity Asset Management Inc. purchased a new position in shares of Companhia Paranaense de Energia during the 4th quarter valued at $108,000. BlueCrest Capital Management Ltd purchased a new position in shares of Companhia Paranaense de Energia during the 1st quarter valued at $127,000. Finally, Jane Street Group LLC purchased a new position in shares of Companhia Paranaense de Energia during the 1st quarter valued at $142,000. Institutional investors and hedge funds own 0.65% of the company’s stock.
NYSE ELP traded down $0.05 on Wednesday, hitting $10.98. 259,977 shares of the stock were exchanged, compared to its average volume of 459,549. Companhia Paranaense de Energia has a 52-week low of $4.70 and a 52-week high of $11.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.97 and a current ratio of 0.99. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 7.22 and a beta of 0.78.
Companhia Paranaense de Energia (NYSE:ELP) last posted its quarterly earnings data on Wednesday, May 15th. The utilities provider reported $0.48 earnings per share for the quarter. Companhia Paranaense de Energia had a net margin of 10.21% and a return on equity of 9.49%. The firm had revenue of $1.03 billion for the quarter.
The business also recently declared an annual dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, May 1st were issued a dividend of $0.086 per share. This is a boost from Companhia Paranaense de Energia’s previous annual dividend of $0.02. This represents a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, April 30th.
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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