Companhia Paranaense de Energia – COPEL (NYSE:ELP) Hits New 1-Year High – Time to Buy?

Companhia Paranaense de Energia – COPEL (NYSE:ELP) shares reached a new 52-week high on Monday . The stock traded as high as $8.34 and last traded at $8.20, with a volume of 34494 shares trading hands. The stock had previously closed at $8.18.

Companhia Paranaense de Energia – COPEL Stock Performance

The firm’s 50 day moving average price is $7.40 and its 200-day moving average price is $6.79. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 48.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last posted its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.23). The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $657.55 million. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. On average, analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.12 earnings per share for the current year.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

Several large investors have recently added to or reduced their stakes in ELP. Ballentine Partners LLC increased its position in shares of Companhia Paranaense de Energia – COPEL by 18.3% during the fourth quarter. Ballentine Partners LLC now owns 20,268 shares of the utilities provider’s stock valued at $120,000 after purchasing an additional 3,140 shares during the period. Blue Trust Inc. boosted its stake in Companhia Paranaense de Energia – COPEL by 80.8% during the fourth quarter. Blue Trust Inc. now owns 53,333 shares of the utilities provider’s stock worth $316,000 after buying an additional 23,830 shares in the last quarter. R Squared Ltd bought a new stake in Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $31,000. First Affirmative Financial Network acquired a new position in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $64,000. Finally, Van ECK Associates Corp lifted its holdings in shares of Companhia Paranaense de Energia – COPEL by 7.6% during the 4th quarter. Van ECK Associates Corp now owns 85,929 shares of the utilities provider’s stock worth $510,000 after acquiring an additional 6,036 shares during the period. Institutional investors and hedge funds own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Company Profile

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.