SPX Gestao de Recursos Ltda Decreases Stock Position in Companhia Paranaense de Energia - COPEL (NYSE:ELP)

SPX Gestao de Recursos Ltda lessened its stake in shares of Companhia Paranaense de Energia - COPEL (NYSE:ELP - Free Report) by 33.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 946,562 shares of the utilities provider's stock after selling 474,568 shares during the period. Companhia Paranaense de Energia - COPEL accounts for approximately 0.9% of SPX Gestao de Recursos Ltda's portfolio, making the stock its 23rd biggest position. SPX Gestao de Recursos Ltda owned about 0.17% of Companhia Paranaense de Energia - COPEL worth $7,042,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in Companhia Paranaense de Energia - COPEL by 20.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,550,046 shares of the utilities provider's stock worth $11,532,000 after purchasing an additional 258,198 shares during the period. Van ECK Associates Corp increased its holdings 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 buying an additional 184,167 shares during the last quarter. Jane Street Group LLC raised its position in shares of Companhia Paranaense de Energia - COPEL by 456.9% during the 3rd quarter. Jane Street Group LLC now owns 209,228 shares of the utilities provider's stock valued at $1,557,000 after buying an additional 171,658 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Companhia Paranaense de Energia - COPEL in the third quarter valued at approximately $514,000. Finally, Marshall Wace LLP purchased a new position in Companhia Paranaense de Energia - COPEL in the second quarter worth approximately $281,000. Institutional investors and hedge funds own 3.80% of the company's stock.

Companhia Paranaense de Energia - COPEL Stock Up 1.0 %

ELP stock traded up $0.06 during midday trading on Friday, hitting $6.08. 359,708 shares of the company's stock were exchanged, compared to its average volume of 302,803. Companhia Paranaense de Energia - COPEL has a 1-year low of $6.05 and a 1-year high of $8.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. The business has a 50-day simple moving average of $6.70 and a two-hundred day simple moving average of $7.09.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.07 EPS for the quarter. The company had revenue of $1.03 billion for the quarter. Companhia Paranaense de Energia - COPEL had a net margin of 14.20% and a return on equity of 11.88%. On average, analysts expect that Companhia Paranaense de Energia - COPEL will post 0.12 earnings per share for the current year.

Companhia Paranaense de Energia - COPEL Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.1441 per share. The ex-dividend date is Friday, December 13th.

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.