Van ECK Associates Corp Sells 186,895 Shares of Companhia Paranaense de Energia - COPEL (NYSE:ELP)

Van ECK Associates Corp lessened its position in shares of Companhia Paranaense de Energia - COPEL (NYSE:ELP - Free Report) by 70.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 79,893 shares of the utilities provider's stock after selling 186,895 shares during the quarter. Van ECK Associates Corp's holdings in Companhia Paranaense de Energia - COPEL were worth $550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ballentine Partners LLC boosted its holdings in shares of Companhia Paranaense de Energia - COPEL by 16.6% during the 3rd quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider's stock worth $127,000 after buying an additional 2,441 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Companhia Paranaense de Energia - COPEL by 12.6% during the 3rd quarter. Signaturefd LLC now owns 12,929 shares of the utilities provider's stock worth $96,000 after buying an additional 1,451 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Companhia Paranaense de Energia - COPEL by 66.4% during the 3rd quarter. Blue Trust Inc. now owns 29,503 shares of the utilities provider's stock worth $220,000 after buying an additional 11,774 shares in the last quarter. Creative Planning boosted its holdings in shares of Companhia Paranaense de Energia - COPEL by 13.3% during the 3rd quarter. Creative Planning now owns 65,614 shares of the utilities provider's stock worth $488,000 after buying an additional 7,690 shares in the last quarter. Finally, Trium Capital LLP boosted its holdings in shares of Companhia Paranaense de Energia - COPEL by 36.0% during the 3rd quarter. Trium Capital LLP now owns 130,919 shares of the utilities provider's stock worth $974,000 after buying an additional 34,643 shares in the last quarter. Institutional investors and hedge funds own 3.80% of the company's stock.

Companhia Paranaense de Energia - COPEL Trading Down 0.3 %

Shares of Companhia Paranaense de Energia - COPEL stock traded down $0.02 on Wednesday, reaching $6.46. 412,900 shares of the company's stock were exchanged, compared to its average volume of 300,561. Companhia Paranaense de Energia - COPEL has a 52 week low of $6.36 and a 52 week high of $8.91. The firm's 50-day moving average is $7.18 and its two-hundred day moving average is $7.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter. 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 for the quarter. Analysts forecast that Companhia Paranaense de Energia - COPEL will post 0.13 earnings per share for the current year.

Companhia Paranaense de Energia - COPEL Cuts Dividend

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

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.