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ELP

Companhia Paranaense de Energia - COPEL

https://www.copel.com

Industry

Diversified Utilities

Companhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and trading of energy to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. The company operates through Power generation and transmission, Power distribution, Gas, and Power sale segments. It is also involved in the piped natural gas distribution. As of December 31, 2021, the company operated 20 hydroelectric plants, 30 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,957 megawatts; and owned and operated 3,638 km of transmission lines and 204,957 km of distribution lines. It holds concessions to distribute electricity in 394 municipalities in the State of Paraná and in the municipality of Porto União in the State of Santa Catarina. Companhia Paranaense de Energia COPEL was founded in 1954 and is headquartered in Curitiba, Brazil.

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Cia Paranaense De Energia (NYSE:ELP) saw a 1.38% increase in share price, despite a 4.12% decline over the past month. The company's P/E ratio is lower than the industry average, suggesting potential undervaluation. Investors should consider other metrics alongside P/E for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 3:01 pm

Cia Paranaense De Energia (NYSE:ELP) has delivered an average annual return of 21.8% over the past 5 years, outperforming the market by 8.09% on an annualized basis. An investment of $1000 in ELP stock 5 years ago would be worth $2,694.48 today. The company currently has a market capitalization of $30.61 billion.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 6:00 pm

Cia Paranaense De Energia (NYSE:ELP) has seen a significant decrease in short interest, with a 47.37% drop since the last report. The current short interest stands at 684 thousand shares, or 0.2% of the float, with a short covering time of approximately 1.0 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average short interest of 2.43%.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 3:45 pm

Cia Paranaense De Energia Inc. (NYSE:ELP) stock has risen by 5.78% over the past month and 38.95% over the past year. Currently trading at $10.08, the company's P/E ratio of 66.3 is significantly higher than the Electric Utilities industry average of 19.51, which may suggest optimism about future performance or potential overvaluation. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 4:00 pm

Duke Energy (NYSE:DUK) is distributing a dividend of $1.02 per share today, with an annualized yield of 4.71%. The company has shown a positive trend in dividend per share growth from $3.75 in 2019 to $3.98 in 2022, and earnings per share growth from $4.99 to $5.16 over the same period. This indicates a strong financial position and potential to sustain dividends. Duke Energy's dividend yield is in the middle range compared to its peers, with Cia Paranaense De Energia (NYSE:ELP) having the highest yield at 7.02%.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:05 pm

Cia Paranaense De Energia (NYSE:ELP) has seen a 7.32% decrease in short interest since the last report, with 1.28 million shares sold short, representing 0.38% of available shares. The average time to cover these short positions is 1.6 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. ELP has less short interest compared to its peer group average of 2.52%.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 5:30 pm

Cia Paranaense De Energia (NYSE:ELP) has seen a 16.33% decrease in short interest since its last report, with 1.37 million shares sold short, representing 0.41% of available shares. The average time to cover these short positions is 2.73 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. ELP has a lower short interest compared to its peer group average of 2.28%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 4:00 pm

Cia Paranaense De Energia (NYSE:ELP) has delivered an average annual return of 21.05% over the past 5 years, outperforming the market by 9.85% annually. A $1000 investment in ELP 5 years ago would be worth $2,537.65 today. The company's current market capitalization stands at $28.37 billion.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 6:30 pm

Utility stocks are experiencing an uptick as Treasury yields fall in response to October's CPI data, which was less aggressive than anticipated, suggesting a potential easing of inflation concerns.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:40 pm

Cia Paranaense De Energia Inc.'s (NYSE:ELP) stock price is currently at $8.77, after a 0.11% decrease. However, the stock has increased by 6.68% over the past month and 14.53% over the past year. The company's P/E ratio of 63.37 is higher than the Electric Utilities industry average of 21.58, which could indicate that the stock is overvalued or expected to perform better than its industry group.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 8:00 pm

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