Companhia Paranaense de Energia – COPEL (NYSE:ELP) Reaches New 52-Week High at $9.05

Shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) hit a new 52-week high during trading on Wednesday . The company traded as high as $9.05 and last traded at $8.92, with a volume of 867121 shares. The stock had previously closed at $8.77.

Analyst Ratings Changes

Separately, Bank of America raised Companhia Paranaense de Energia – COPEL from a “neutral” rating to a “buy” rating in a research note on Friday, June 30th.

Companhia Paranaense de Energia – COPEL Stock Up 1.5 %

The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.64. The firm has a 50-day simple moving average of $8.60 and a 200 day simple moving average of $7.76.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. bought a new position in shares of Companhia Paranaense de Energia – COPEL during the fourth quarter valued at $30,000. UBS Group AG increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 2,558.9% during the third quarter. UBS Group AG now owns 5,557 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 5,348 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Companhia Paranaense de Energia – COPEL during the first quarter valued at $46,000. Royal Bank of Canada increased its holdings in Companhia Paranaense de Energia – COPEL by 66.1% in the 3rd quarter. Royal Bank of Canada now owns 7,964 shares of the utilities provider’s stock worth $48,000 after buying an additional 3,169 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Companhia Paranaense de Energia – COPEL in the 1st quarter worth about $60,000. Hedge funds and other institutional investors own 3.98% 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.