Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Hits New 52-Week High - What's Next?

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $10.84 and last traded at $10.7050, with a volume of 7811 shares traded. The stock had previously closed at $10.70.Analyst Upgrades and DowngradesSeparately, Weiss Ratings restated a "hold (c)" rating on shares of Companhia Paranaense de Energia (COPEL) in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold".View Our Latest Research Report on ELPCompanhia Paranaense de Energia (COPEL) Trading Down 0.6%The company has a 50-day moving average price of $9.66 and a 200-day moving average price of $9.07. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 62.56, a P/E/G ratio of 4.17 and a beta of 0.83. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 0.63. Institutional Inflows and OutflowsInstitutional investors and hedge funds have recently made changes to their positions in the stock. Letko Brosseau & Associates Inc. lifted its position in shares of Companhia Paranaense de Energia (COPEL) by 2.9% during the 1st quarter. Letko Brosseau & Associates Inc. now owns 6,714,721 shares of the utilities provider's stock worth $49,085,000 after buying an additional 190,026 shares in the last quarter. XTX Topco Ltd bought a new stake in Companhia Paranaense de Energia (COPEL) in the 1st quarter worth approximately $240,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Companhia Paranaense de Energia (COPEL) by 68.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,171 shares of the utilities provider's stock valued at $129,000 after acquiring an additional 5,782 shares during the period. Signaturefd LLC grew its position in shares of Companhia Paranaense de Energia (COPEL) by 14.9% in the 2nd quarter. Signaturefd LLC now owns 15,509 shares of the utilities provider's stock worth $142,000 after buying an additional 2,016 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Companhia Paranaense de Energia (COPEL) by 34.1% in the 1st quarter. US Bancorp DE now owns 18,314 shares of the utilities provider's stock worth $134,000 after acquiring an additional 4,661 shares in the last quarter. Institutional investors and hedge funds own 3.80% of the company's stock. Companhia Paranaense de Energia (COPEL) Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Companhia Paranaense de Energia (COPEL)Investing in Commodities: What Are They? How to Invest in ThemAn Earnings Win With a Stock Slump: What's Happening With D-Wave?The 3 Best Retail Stocks to Shop for in August3 Stocks Showing Relative Strength as Markets Pull BackInvesting In Preferred Stock vs. Common Stock5 Defensive Consumer Plays to Watch If Markets Keep SlippingThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Companhia Paranaense de Energia (COPEL) Right Now?Before you consider Companhia Paranaense de Energia (COPEL), you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Companhia Paranaense de Energia (COPEL) wasn't on the list.While Companhia Paranaense de Energia (COPEL) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here