Companhia Paranaense de Energia (NYSE:ELP) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 3,840,000 shares, a growth of 7.3% from the December 15th total of 3,580,000 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily volume of 561,500 shares, the short-interest ratio is presently 6.8 days.
Shares of ELP traded down $0.30 on Thursday, reaching $17.59. The company’s stock had a trading volume of 9,987 shares, compared to its average volume of 644,621. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53. Companhia Paranaense de Energia has a twelve month low of $8.65 and a twelve month high of $18.06. The stock has a market capitalization of $4.91 billion, a PE ratio of 13.08, a PEG ratio of 1.35 and a beta of 0.49. The firm has a fifty day moving average of $16.26 and a 200-day moving average of $13.70.
Companhia Paranaense de Energia (NYSE:ELP) last posted its earnings results on Tuesday, November 12th. The utilities provider reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.16. Companhia Paranaense de Energia had a net margin of 11.57% and a return on equity of 9.37%. The company had revenue of $1.07 billion for the quarter. As a group, equities analysts anticipate that Companhia Paranaense de Energia will post 1.39 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Companhia Paranaense de Energia in the 2nd quarter worth about $66,000. Royal Bank of Canada raised its holdings in shares of Companhia Paranaense de Energia by 3,435.3% in the 2nd quarter. Royal Bank of Canada now owns 5,303 shares of the utilities provider’s stock worth $67,000 after acquiring an additional 5,153 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of Companhia Paranaense de Energia in the 3rd quarter worth about $123,000. Barclays PLC raised its holdings in shares of Companhia Paranaense de Energia by 24.8% in the 3rd quarter. Barclays PLC now owns 10,773 shares of the utilities provider’s stock worth $130,000 after acquiring an additional 2,141 shares during the last quarter. Finally, Wealth Architects LLC acquired a new stake in shares of Companhia Paranaense de Energia in the 3rd quarter worth about $148,000. Institutional investors own 0.36% of the company’s stock.
Several equities analysts have recently weighed in on ELP shares. Goldman Sachs Group started coverage on shares of Companhia Paranaense de Energia in a report on Thursday, November 14th. They set a “buy” rating on the stock. ValuEngine lowered shares of Companhia Paranaense de Energia from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold”.
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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