Companhia Paranaense de Energia (ELP) Lifted to “Hold” at ValuEngine

Share on StockTwits

Companhia Paranaense de Energia (NYSE:ELP) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday.

Shares of Companhia Paranaense de Energia stock opened at $7.07 on Wednesday. The firm has a market capitalization of $1.90 billion, a PE ratio of 5.48 and a beta of 1.14. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.38. Companhia Paranaense de Energia has a 12 month low of $4.70 and a 12 month high of $8.46.

Companhia Paranaense de Energia (NYSE:ELP) last issued its earnings results on Wednesday, August 15th. The utilities provider reported $0.35 EPS for the quarter. The business had revenue of $1 billion during the quarter. Companhia Paranaense de Energia had a return on equity of 7.32% and a net margin of 8.03%.

Several institutional investors have recently modified their holdings of ELP. Dynamic Technology Lab Private Ltd acquired a new stake in Companhia Paranaense de Energia during the second quarter valued at $169,000. Jane Street Group LLC acquired a new stake in Companhia Paranaense de Energia during the second quarter valued at $175,000. Trexquant Investment LP acquired a new stake in Companhia Paranaense de Energia during the second quarter valued at $180,000. Cubist Systematic Strategies LLC boosted its position in Companhia Paranaense de Energia by 175.4% during the second quarter. Cubist Systematic Strategies LLC now owns 46,322 shares of the utilities provider’s stock valued at $258,000 after purchasing an additional 29,503 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Companhia Paranaense de Energia by 883.0% during the second quarter. Millennium Management LLC now owns 146,848 shares of the utilities provider’s stock valued at $819,000 after purchasing an additional 131,910 shares during the last quarter. 1.14% of the stock is 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 ParanĂ¡, 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.

Read More: What are the risks of holding treasury bonds?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Companhia Paranaense de Energia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Paranaense de Energia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply