Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) posted its earnings results on Wednesday. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02), Zacks reports. Companhia Paranaense de Energia (COPEL) had a net margin of 12.77% and a return on equity of 11.15%.

Companhia Paranaense de Energia (COPEL) Trading Up 0.7%

NYSE ELP traded up $0.08 during trading hours on Thursday, reaching $10.89. The company had a trading volume of 222,786 shares, compared to its average volume of 236,691. Companhia Paranaense de Energia has a 1-year low of $5.72 and a 1-year high of $11.23. The stock has a market capitalization of $6.48 billion, a P/E ratio of 64.05, a price-to-earnings-growth ratio of 4.17 and a beta of 0.83. The stock has a 50-day moving average of $9.77 and a 200 day moving average of $9.12. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Companhia Paranaense de Energia (COPEL)

A number of hedge funds and other institutional investors have recently modified their holdings of ELP. Banque Cantonale Vaudoise boosted its holdings in shares of Companhia Paranaense de Energia (COPEL) by 65.4% in the 3rd quarter. Banque Cantonale Vaudoise now owns 7,987 shares of the utilities provider’s stock valued at $78,000 after buying an additional 3,159 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Companhia Paranaense de Energia (COPEL) by 279.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,318 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 3,179 shares during the period. AQR Capital Management LLC lifted its position in shares of Companhia Paranaense de Energia (COPEL) by 7.9% during the 1st quarter. AQR Capital Management LLC now owns 49,609 shares of the utilities provider’s stock valued at $363,000 after acquiring an additional 3,620 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Companhia Paranaense de Energia (COPEL) by 87.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,852 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 7,402 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Companhia Paranaense de Energia (COPEL) by 77.9% in the 1st quarter. Jane Street Group LLC now owns 21,208 shares of the utilities provider’s stock worth $155,000 after buying an additional 9,285 shares in the last quarter. 3.80% of the stock is currently owned by institutional investors and hedge funds.

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.