Companhia Paranaense de Energia (NYSE:ELP) Reaches New 1-Year High at $13.72

Companhia Paranaense de Energia (NYSE:ELP) shares reached a new 52-week high on Thursday . The company traded as high as $13.72 and last traded at $13.65, with a volume of 33749 shares trading hands. The stock had previously closed at $13.53.

A number of research firms have recently weighed in on ELP. Bank of America set a $68.00 price target on Inphi and gave the company a “buy” rating in a report on Monday. UBS Group set a $125.00 price target on Caterpillar and gave the company a “sell” rating in a report on Friday, May 3rd. Finally, Standpoint Research cut Companhia Paranaense de Energia from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Companhia Paranaense de Energia currently has an average rating of “Hold”.

The firm has a market capitalization of $3.68 billion, a P/E ratio of 10.13, a P/E/G ratio of 1.12 and a beta of 0.54. The company’s fifty day moving average is $12.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.97 and a current ratio of 0.99.

Companhia Paranaense de Energia (NYSE:ELP) last announced its earnings results on Wednesday, May 15th. The utilities provider reported $0.48 EPS for the quarter. Companhia Paranaense de Energia had a return on equity of 9.49% and a net margin of 10.21%. The firm had revenue of $1.03 billion for the quarter. Equities research analysts expect that Companhia Paranaense de Energia will post 1.56 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. raised its holdings in Companhia Paranaense de Energia by 12.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 233,800 shares of the utilities provider’s stock worth $2,170,000 after purchasing an additional 25,900 shares during the period. Marshall Wace North America L.P. acquired a new stake in Companhia Paranaense de Energia in the first quarter worth $395,000. Marshall Wace LLP raised its holdings in Companhia Paranaense de Energia by 227.9% in the first quarter. Marshall Wace LLP now owns 592,357 shares of the utilities provider’s stock worth $5,498,000 after purchasing an additional 411,690 shares during the period. Acadian Asset Management LLC raised its holdings in Companhia Paranaense de Energia by 279.1% in the first quarter. Acadian Asset Management LLC now owns 110,070 shares of the utilities provider’s stock worth $1,021,000 after purchasing an additional 81,035 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Companhia Paranaense de Energia by 114.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 192,324 shares of the utilities provider’s stock worth $1,785,000 after purchasing an additional 102,824 shares during the period. 0.65% of the stock is currently owned by hedge funds and other institutional investors.

Companhia Paranaense de Energia Company Profile (NYSE:ELP)

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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