Companhia Paranaense de Energia ADR Class B (ELP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Companhia Paranaense de Energia ADR Class B (NYSE:ELP) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating. Companhia Paranaense de Energia ADR Class B’s rating score has declined by 200% from three months ago as a result of a number of analysts’ ratings changes.

Zacks has also given Companhia Paranaense de Energia ADR Class B an industry rank of 73 out of 255 based on the ratings given to related companies.

Several research firms have recently weighed in on ELP. Citigroup cut Companhia Paranaense de Energia ADR Class B from a “buy” rating to a “neutral” rating in a report on Tuesday, March 27th. ValuEngine cut Companhia Paranaense de Energia ADR Class B from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd.



Shares of NYSE ELP traded down $0.14 during midday trading on Friday, hitting $5.98. 576,562 shares of the stock traded hands, compared to its average volume of 501,315. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 5.52 and a beta of 1.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.02 and a quick ratio of 1.00. Companhia Paranaense de Energia ADR Class B has a one year low of $5.47 and a one year high of $9.69.

Companhia Paranaense de Energia ADR Class B (NYSE:ELP) last released its quarterly earnings results on Wednesday, May 16th. The utilities provider reported $0.37 earnings per share for the quarter. The firm had revenue of $1.03 billion for the quarter. Companhia Paranaense de Energia ADR Class B had a return on equity of 6.09% and a net margin of 6.81%.

The company also recently declared an annual dividend, which was paid on Thursday, May 17th. Stockholders of record on Thursday, May 17th were issued a dividend of $0.023 per share. The ex-dividend date of this dividend was Wednesday, May 16th. This represents a dividend yield of 0.31%.

Large investors have recently bought and sold shares of the company. BlueCrest Capital Management Ltd purchased a new stake in shares of Companhia Paranaense de Energia ADR Class B in the 4th quarter worth $145,000. Ellington Management Group LLC increased its stake in shares of Companhia Paranaense de Energia ADR Class B by 78.7% in the 4th quarter. Ellington Management Group LLC now owns 37,000 shares of the utilities provider’s stock worth $282,000 after purchasing an additional 16,300 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Companhia Paranaense de Energia ADR Class B in the 4th quarter worth $299,000. Deutsche Bank AG increased its stake in shares of Companhia Paranaense de Energia ADR Class B by 754.0% in the 4th quarter. Deutsche Bank AG now owns 89,438 shares of the utilities provider’s stock worth $682,000 after purchasing an additional 78,965 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of Companhia Paranaense de Energia ADR Class B by 30.6% in the 4th quarter. Guggenheim Capital LLC now owns 89,504 shares of the utilities provider’s stock worth $683,000 after purchasing an additional 20,989 shares in the last quarter. Hedge funds and other institutional investors own 1.50% of the company’s stock.

Companhia Paranaense de Energia ADR Class B 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 ParanĂ¡, 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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