Energy Company Of Parana (ELP): Today's Featured Utilities Loser

Energy Company of Parana ( ELP) pushed the Utilities sector lower today making it today's featured Utilities loser. The sector as a whole closed the day up 0.5%. By the end of trading, Energy Company of Parana fell 14 cents (-0.7%) to $20.71 on average volume. Throughout the day, 760,231 shares of Energy Company of Parana exchanged hands as compared to its average daily volume of 659,500 shares. The stock ranged in price between $20.50-$21.34 after having opened the day at $21.34 as compared to the previous trading day's close of $20.85. Other company's within the Utilities sector that declined today were: Transportadora de Gas del Sur ( TGS), down 8.9%, American Midstream Partners ( AMID), down 2%, and Niska Gas Storage Partners ( NKA), down 1.6%.

Companhia Paranaense de Energia Copel engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, and rural customers primarily in the state of Parana, Brazil. Energy Company of Parana has a market cap of $5.71 billion and is part of the utilities industry. The company has a P/E ratio of 19.8, above the average utilities industry P/E ratio of 7.6 and above the S&P 500 P/E ratio of 17.7. Shares are down 0.6% year to date as of the close of trading on Friday. Currently there are two analysts that rate Energy Company of Parana a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Energy Company of Parana as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Active Power ( ACPW), up 9.5%, China Hydroelectric Corporation ( CHC), up 3.9%, Clean Energy Fuels Corporation ( CLNE), up 3.9%, and Targa Resources ( TRGP), up 3.7%, were all gainers within the utilities sector with Sempra Energy ( SRE) being today's featured utilities sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).
null

If you liked this article you might like

Here Is Why These 5 Emerging-Market Picks Are Poised for Growth

Utilities Sector Tanks Following Trump Victory

Watch Brazil for More Than Just the Olympics

5 Utility Stocks to Buy When the Markets Are Tanking (See: Brexit)

Energy Company Of Parana (ELP) Flagged As Strong On High Volume