SPX Gestao de Recursos Ltda Has $6.11 Million Stock Position in Companhia Paranaense de Energia - COPEL (NYSE:ELP)

SPX Gestao de Recursos Ltda increased its position in shares of Companhia Paranaense de Energia - COPEL (NYSE:ELP - Free Report) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,030,320 shares of the utilities provider's stock after acquiring an additional 83,758 shares during the quarter. SPX Gestao de Recursos Ltda owned 0.19% of Companhia Paranaense de Energia - COPEL worth $6,110,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new stake in Companhia Paranaense de Energia - COPEL during the 4th quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Companhia Paranaense de Energia - COPEL in the third quarter worth $34,000. PNC Financial Services Group Inc. grew its holdings in shares of Companhia Paranaense de Energia - COPEL by 78.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider's stock valued at $52,000 after buying an additional 3,849 shares in the last quarter. First Affirmative Financial Network acquired a new position in Companhia Paranaense de Energia - COPEL during the fourth quarter valued at $64,000. Finally, Ballentine Partners LLC lifted its stake in Companhia Paranaense de Energia - COPEL by 18.3% in the 4th quarter. Ballentine Partners LLC now owns 20,268 shares of the utilities provider's stock worth $120,000 after acquiring an additional 3,140 shares in the last quarter. Hedge funds and other institutional investors own 3.80% of the company's stock.

Companhia Paranaense de Energia - COPEL Stock Up 1.7 %

NYSE:ELP traded up $0.12 on Thursday, hitting $6.98. 128,852 shares of the company's stock traded hands, compared to its average volume of 252,800. The company has a market cap of $3.82 billion, a PE ratio of 41.03 and a beta of 1.01. Companhia Paranaense de Energia - COPEL has a 1 year low of $5.72 and a 1 year high of $8.14. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $6.56 and a 200-day moving average price of $6.77.

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Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last released its earnings results on Friday, February 28th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.23). Companhia Paranaense de Energia - COPEL had a return on equity of 11.88% and a net margin of 14.20%. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $657.55 million. Equities analysts anticipate that Companhia Paranaense de Energia - COPEL will post 0.12 EPS for the current fiscal year.

About Companhia Paranaense de Energia - COPEL

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.