Companhia Paranaense de Energia – COPEL (NYSE:ELP) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Companhia Paranaense de Energia – COPEL (NYSE:ELP) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.75 and traded as high as $7.41. Companhia Paranaense de Energia – COPEL shares last traded at $7.37, with a volume of 117,300 shares trading hands.

Companhia Paranaense de Energia – COPEL Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 43.32 and a beta of 1.01. The stock’s 50 day simple moving average is $6.66 and its 200-day simple moving average is $6.75.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last released its quarterly earnings data 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 business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $657.55 million. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. On average, analysts expect that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current fiscal year.

Institutional Trading of Companhia Paranaense de Energia – COPEL

Several large investors have recently made changes to their positions in ELP. Jane Street Group LLC lifted its holdings in Companhia Paranaense de Energia – COPEL by 456.9% in the 3rd quarter. Jane Street Group LLC now owns 209,228 shares of the utilities provider’s stock worth $1,557,000 after purchasing an additional 171,658 shares during the last quarter. SPX Gestao de Recursos Ltda grew its holdings in Companhia Paranaense de Energia – COPEL by 8.8% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,030,320 shares of the utilities provider’s stock valued at $6,110,000 after purchasing an additional 83,758 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Companhia Paranaense de Energia – COPEL by 7.6% in the fourth quarter. Van ECK Associates Corp now owns 85,929 shares of the utilities provider’s stock valued at $510,000 after purchasing an additional 6,036 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Companhia Paranaense de Energia – COPEL in the third quarter worth $514,000. Finally, Ballentine Partners LLC boosted its holdings in shares of Companhia Paranaense de Energia – COPEL by 18.3% during the 4th quarter. Ballentine Partners LLC now owns 20,268 shares of the utilities provider’s stock worth $120,000 after buying an additional 3,140 shares during the period. Institutional investors 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.