Creative Planning Increases Holdings in Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Creative Planning lifted its position in Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 13.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,614 shares of the utilities provider’s stock after purchasing an additional 7,690 shares during the period. Creative Planning’s holdings in Companhia Paranaense de Energia – COPEL were worth $488,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ELP. GAMMA Investing LLC lifted its holdings in Companhia Paranaense de Energia – COPEL by 61.2% during the third quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock worth $40,000 after buying an additional 2,043 shares during the period. Signaturefd LLC increased its position in shares of Companhia Paranaense de Energia – COPEL by 41.1% in the 2nd quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock valued at $77,000 after acquiring an additional 3,341 shares during the period. Blue Trust Inc. increased its position in shares of Companhia Paranaense de Energia – COPEL by 205.3% in the 2nd quarter. Blue Trust Inc. now owns 17,729 shares of the utilities provider’s stock valued at $119,000 after acquiring an additional 11,922 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Companhia Paranaense de Energia – COPEL in the 2nd quarter valued at $167,000. Finally, Norden Group LLC acquired a new position in shares of Companhia Paranaense de Energia – COPEL in the 1st quarter valued at $194,000. Hedge funds and other institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Price Performance

Shares of ELP opened at $6.70 on Thursday. The business’s 50-day moving average is $7.30 and its two-hundred day moving average is $7.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.55 and a current ratio of 1.57. Companhia Paranaense de Energia – COPEL has a fifty-two week low of $6.45 and a fifty-two week high of $8.91. The company has a market capitalization of $3.67 billion, a P/E ratio of 13.33 and a beta of 1.03.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.03 earnings per share for the quarter. The firm had revenue of $1.05 billion for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 10.87% and a return on equity of 9.07%.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently announced a Variable dividend, which will be paid on Monday, December 9th. Shareholders of record on Wednesday, October 2nd will be paid a $0.0705 dividend. The ex-dividend date is Wednesday, October 2nd. Companhia Paranaense de Energia – COPEL’s dividend payout ratio (DPR) is 14.00%.

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.