Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Sets New 52-Week High – Here’s What Happened

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) shares reached a new 52-week high on Monday . The company traded as high as $10.84 and last traded at $10.7050, with a volume of 7811 shares traded. The stock had previously closed at $10.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Companhia Paranaense de Energia (COPEL) in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Companhia Paranaense de Energia (COPEL) currently has a consensus rating of “Hold”.

Companhia Paranaense de Energia (COPEL) Trading Down 0.6%

The firm has a market cap of $6.33 billion, a P/E ratio of 62.56, a price-to-earnings-growth ratio of 4.17 and a beta of 0.83. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $9.66 and its 200-day moving average is $9.07.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ELP. EverSource Wealth Advisors LLC lifted its position in Companhia Paranaense de Energia (COPEL) by 279.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,318 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 3,179 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Companhia Paranaense de Energia (COPEL) in the 1st quarter worth about $35,000. Summit Securities Group LLC purchased a new position in Companhia Paranaense de Energia (COPEL) in the first quarter valued at about $45,000. Brooklyn Investment Group lifted its holdings in shares of Companhia Paranaense de Energia (COPEL) by 315,600.0% in the first quarter. Brooklyn Investment Group now owns 6,314 shares of the utilities provider’s stock worth $46,000 after buying an additional 6,312 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Companhia Paranaense de Energia (COPEL) by 4,094.6% during the second quarter. JPMorgan Chase & Co. now owns 10,151 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 9,909 shares in the last quarter. Institutional investors and hedge funds own 3.80% of the company’s stock.

About Companhia Paranaense de Energia (COPEL)

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.