Renaissance Technologies LLC Acquires 66,200 Shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Renaissance Technologies LLC boosted its holdings in shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 100.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,900 shares of the utilities provider’s stock after buying an additional 66,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Companhia Paranaense de Energia – COPEL were worth $782,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. R Squared Ltd bought a new stake in Companhia Paranaense de Energia – COPEL during the fourth quarter valued at about $31,000. PNC Financial Services Group Inc. raised its stake in Companhia Paranaense de Energia – COPEL by 78.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 3,849 shares during the period. First Affirmative Financial Network purchased a new position in Companhia Paranaense de Energia – COPEL during the fourth quarter valued at approximately $64,000. JPMorgan Chase & Co. bought a new position in shares of Companhia Paranaense de Energia – COPEL in the fourth quarter worth approximately $74,000. Finally, Ballentine Partners LLC increased its stake in shares of Companhia Paranaense de Energia – COPEL by 18.3% in the fourth quarter. Ballentine Partners LLC now owns 20,268 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 3,140 shares in the last quarter. 3.80% of the stock is owned by hedge funds and other institutional investors.

Companhia Paranaense de Energia – COPEL Trading Down 0.8 %

Shares of ELP stock opened at $8.05 on Friday. The stock has a fifty day simple moving average of $7.33 and a two-hundred day simple moving average of $6.77. Companhia Paranaense de Energia – COPEL has a 52-week low of $5.72 and a 52-week high of $8.32. The firm has a market capitalization of $4.40 billion, a PE ratio of 47.32 and a beta of 0.71. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last posted its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.03 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $657.55 million. On average, analysts predict 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.