Robeco Institutional Asset Management B.V. Increases Position in Companhia Paranaense de Energia - COPEL (NYSE:ELP)

Robeco Institutional Asset Management B.V. raised its position in Companhia Paranaense de Energia - COPEL (NYSE:ELP - Free Report) by 20.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,550,046 shares of the utilities provider's stock after acquiring an additional 258,198 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.28% of Companhia Paranaense de Energia - COPEL worth $11,532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in shares of Companhia Paranaense de Energia - COPEL by 222.9% during the 2nd quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider's stock worth $1,784,000 after purchasing an additional 184,167 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Companhia Paranaense de Energia - COPEL during the 2nd quarter worth about $281,000. Trium Capital LLP increased its holdings in shares of Companhia Paranaense de Energia - COPEL by 36.0% in the 3rd quarter. Trium Capital LLP now owns 130,919 shares of the utilities provider's stock valued at $974,000 after acquiring an additional 34,643 shares during the last quarter. Norden Group LLC purchased a new stake in Companhia Paranaense de Energia - COPEL during the first quarter worth approximately $194,000. Finally, Renaissance Technologies LLC acquired a new position in Companhia Paranaense de Energia - COPEL in the second quarter valued at approximately $167,000. 3.80% of the stock is currently owned by hedge funds and other institutional investors.

Companhia Paranaense de Energia - COPEL Stock Down 1.8 %

ELP stock traded down $0.12 during midday trading on Friday, reaching $6.53. 120,623 shares of the company were exchanged, compared to its average volume of 298,628. The company has a quick ratio of 1.55, a current ratio of 1.57 and a debt-to-equity ratio of 0.55. Companhia Paranaense de Energia - COPEL has a 1-year low of $6.43 and a 1-year high of $8.91. The stock's 50-day simple moving average is $7.27 and its 200 day simple moving average is $7.24.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter. Companhia Paranaense de Energia - COPEL had a net margin of 10.87% and a return on equity of 9.07%. The company had revenue of $1.05 billion during the quarter.

Companhia Paranaense de Energia - COPEL Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Monday, December 9th. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.0705 per share. The ex-dividend date is Wednesday, October 2nd.

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.