Companhia Paranaense de Energia (ELP) Rating Lowered to Hold at Standpoint Research

Companhia Paranaense de Energia (NYSE:ELP) was downgraded by research analysts at Standpoint Research from a “buy” rating to a “hold” rating in a research report issued on Friday, Marketbeat Ratings reports.

Separately, UBS Group upgraded shares of Companhia Paranaense de Energia from a “neutral” rating to a “buy” rating in a research report on Friday.

NYSE:ELP traded up $0.72 during mid-day trading on Friday, hitting $11.21. The stock had a trading volume of 523,185 shares, compared to its average volume of 397,574. The company has a market cap of $3.07 billion, a PE ratio of 7.95 and a beta of 0.78. Companhia Paranaense de Energia has a 52 week low of $4.70 and a 52 week high of $10.65. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.51.

Companhia Paranaense de Energia (NYSE:ELP) last issued its quarterly earnings data on Friday, March 29th. The utilities provider reported $0.36 earnings per share for the quarter. The firm had revenue of $964.15 million for the quarter. Companhia Paranaense de Energia had a net margin of 9.49% and a return on equity of 8.61%.

A number of institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its stake in Companhia Paranaense de Energia by 0.9% during the 4th quarter. Van ECK Associates Corp now owns 169,015 shares of the utilities provider’s stock valued at $1,323,000 after buying an additional 1,465 shares during the period. Millennium Management LLC increased its stake in Companhia Paranaense de Energia by 1.1% during the 4th quarter. Millennium Management LLC now owns 356,028 shares of the utilities provider’s stock valued at $2,788,000 after buying an additional 4,002 shares during the period. Advisors Preferred LLC acquired a new position in Companhia Paranaense de Energia during the 4th quarter valued at about $46,000. Barclays PLC increased its stake in Companhia Paranaense de Energia by 208.5% during the 4th quarter. Barclays PLC now owns 11,672 shares of the utilities provider’s stock valued at $91,000 after buying an additional 7,889 shares during the period. Finally, Credit Suisse AG increased its stake in Companhia Paranaense de Energia by 12.4% during the 3rd quarter. Credit Suisse AG now owns 82,650 shares of the utilities provider’s stock valued at $436,000 after buying an additional 9,100 shares during the period. 0.51% of the stock is currently owned by hedge funds and other institutional investors.

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 Paraná, 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.

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