Zacks: Companhia Paranaense de Energia ADR Class B (ELP) Given Average Recommendation of “Hold” by Analysts

Companhia Paranaense de Energia ADR Class B (NYSE:ELP) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, 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% in the last 90 days 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. ValuEngine cut Companhia Paranaense de Energia ADR Class B from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Citigroup cut Companhia Paranaense de Energia ADR Class B from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 27th.

Shares of Companhia Paranaense de Energia ADR Class B traded down $0.14, hitting $5.98, during trading on Friday, Marketbeat Ratings reports. 576,562 shares of the company’s stock traded hands, compared to its average volume of 501,315. Companhia Paranaense de Energia ADR Class B has a 52 week low of $5.47 and a 52 week high of $9.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.02 and a quick ratio of 1.00. The stock has a market capitalization of $1.63 billion, a PE ratio of 5.52 and a beta of 1.33.

Companhia Paranaense de Energia ADR Class B (NYSE:ELP) last released its quarterly earnings data on Wednesday, May 16th. The utilities provider reported $0.37 earnings per share 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 business had revenue of $1.03 billion for the quarter.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELP. Victory Capital Management Inc. lifted its stake in Companhia Paranaense de Energia ADR Class B by 47.5% in the 4th quarter. Victory Capital Management Inc. now owns 683,454 shares of the utilities provider’s stock valued at $5,215,000 after acquiring an additional 220,104 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in Companhia Paranaense de Energia ADR Class B in the 4th quarter valued at approximately $687,000. BlackRock Inc. lifted its stake in Companhia Paranaense de Energia ADR Class B by 13.4% in the 4th quarter. BlackRock Inc. now owns 1,387,408 shares of the utilities provider’s stock valued at $10,586,000 after acquiring an additional 164,445 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Companhia Paranaense de Energia ADR Class B in the 4th quarter valued at approximately $3,439,000. Finally, Brandes Investment Partners LP lifted its stake in Companhia Paranaense de Energia ADR Class B by 0.7% in the 4th quarter. Brandes Investment Partners LP now owns 1,266,828 shares of the utilities provider’s stock valued at $9,666,000 after acquiring an additional 9,305 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 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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