Companhia Paranaense de Energia (NYSE:ELP) Lifted to “Hold” at Zacks Investment Research
According to Zacks, “Companhia Paranaense de Energia is involved in the Utilities Industry. They are a fully integrated electric power company that is involved in the generation, distributionand transmission of electricity. “
Separately, Goldman Sachs Group started coverage on shares of Companhia Paranaense de Energia in a research note on Thursday, November 14th. They set a buy rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Companhia Paranaense de Energia currently has an average rating of Hold.
Companhia Paranaense de Energia (NYSE:ELP) last released its quarterly earnings results on Tuesday, November 12th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16. Companhia Paranaense de Energia had a net margin of 11.57% and a return on equity of 9.37%. The firm had revenue of $1.07 billion for the quarter. Analysts anticipate that Companhia Paranaense de Energia will post 1.35 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in ELP. Amundi Pioneer Asset Management Inc. boosted its stake in Companhia Paranaense de Energia by 12.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 233,800 shares of the utilities provider’s stock worth $2,170,000 after purchasing an additional 25,900 shares during the last quarter. BlackRock Inc. boosted its position in shares of Companhia Paranaense de Energia by 46.9% during the 2nd quarter. BlackRock Inc. now owns 1,605,640 shares of the utilities provider’s stock valued at $20,390,000 after acquiring an additional 512,617 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Companhia Paranaense de Energia by 3,435.3% during the 2nd quarter. Royal Bank of Canada now owns 5,303 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 5,153 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Companhia Paranaense de Energia by 9.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 93,596 shares of the utilities provider’s stock valued at $1,124,000 after buying an additional 7,776 shares during the period. Finally, Wealth Architects LLC purchased a new stake in Companhia Paranaense de Energia in the 3rd quarter valued at about $148,000. 0.37% of the stock is currently owned by institutional investors.
Companhia Paranaense de Energia Company Profile
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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