Companhia Paranaense de Energia - COPEL (NYSE:ELP) Shares Pass Above 200-Day Moving Average - Here's Why

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.72 and traded as high as $7.61. Companhia Paranaense de Energia - COPEL shares last traded at $7.58, with a volume of 306,534 shares.

Companhia Paranaense de Energia - COPEL Trading Up 1.3 %

The company has a market capitalization of $4.36 billion, a PE ratio of 46.82 and a beta of 0.71. 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 firm's 50 day moving average is $7.20 and its 200 day moving average is $6.73.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.23). The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $657.55 million. Companhia Paranaense de Energia - COPEL had a net margin of 14.20% and a return on equity of 11.88%. As a group, equities analysts predict that Companhia Paranaense de Energia - COPEL will post 0.12 EPS for the current year.

Institutional Trading of Companhia Paranaense de Energia - COPEL

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELP. Letko Brosseau & Associates Inc. lifted its stake in shares of Companhia Paranaense de Energia - COPEL by 0.7% in the 4th quarter. Letko Brosseau & Associates Inc. now owns 6,524,695 shares of the utilities provider's stock valued at $38,691,000 after purchasing an additional 48,550 shares during the period. SPX Gestao de Recursos Ltda boosted its holdings in shares of Companhia Paranaense de Energia - COPEL by 8.8% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,030,320 shares of the utilities provider's stock valued at $6,110,000 after buying an additional 83,758 shares in the last quarter. Millennium Management LLC grew its position in shares of Companhia Paranaense de Energia - COPEL by 59.9% in the 4th quarter. Millennium Management LLC now owns 297,678 shares of the utilities provider's stock worth $1,765,000 after buying an additional 111,570 shares during the period. Two Sigma Investments LP boosted its stake in Companhia Paranaense de Energia - COPEL by 176.6% during the fourth quarter. Two Sigma Investments LP now owns 288,065 shares of the utilities provider's stock worth $1,708,000 after acquiring an additional 183,936 shares in the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Companhia Paranaense de Energia - COPEL by 71.3% in the fourth quarter. Two Sigma Advisers LP now owns 257,020 shares of the utilities provider's stock worth $1,524,000 after purchasing an additional 107,000 shares during the period. Hedge funds and other 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.