Companhia Paranaense de Energia (NYSE:ELP) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation. Companhia Paranaense de Energia’s rating score has improved by 75% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Zacks has also assigned Companhia Paranaense de Energia an industry rank of 78 out of 256 based on the ratings given to its competitors.
A number of research firms recently weighed in on ELP. Standpoint Research cut Companhia Paranaense de Energia from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. UBS Group set a $125.00 price target on Caterpillar and gave the company a “sell” rating in a research note on Friday, May 3rd.
Shares of Companhia Paranaense de Energia stock traded down $0.07 on Friday, reaching $13.12. 37,954 shares of the company were exchanged, compared to its average volume of 555,299. Companhia Paranaense de Energia has a one year low of $4.70 and a one year high of $13.69. The firm has a market cap of $3.61 billion, a P/E ratio of 8.68 and a beta of 0.54. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average is $12.26.
Companhia Paranaense de Energia (NYSE:ELP) last announced its quarterly earnings data on Wednesday, May 15th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter. Companhia Paranaense de Energia had a return on equity of 9.49% and a net margin of 10.21%. The company had revenue of $1.03 billion for the quarter.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Companhia Paranaense de Energia by 12.0% in the fourth quarter. BlackRock Inc. now owns 965,416 shares of the utilities provider’s stock valued at $7,559,000 after buying an additional 103,574 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Companhia Paranaense de Energia during the 4th quarter worth about $701,000. Geode Capital Management LLC raised its holdings in Companhia Paranaense de Energia by 444.9% during the 4th quarter. Geode Capital Management LLC now owns 92,839 shares of the utilities provider’s stock worth $726,000 after purchasing an additional 75,802 shares during the last quarter. Barclays PLC raised its holdings in Companhia Paranaense de Energia by 208.5% during the 4th quarter. Barclays PLC now owns 11,672 shares of the utilities provider’s stock worth $91,000 after purchasing an additional 7,889 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in Companhia Paranaense de Energia during the 4th quarter worth about $366,000. 0.65% of the stock is currently owned by institutional investors and hedge funds.
About Companhia Paranaense de Energia
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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