Mercer Global Advisors Inc. ADV Makes New $68,000 Investment in Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Mercer Global Advisors Inc. ADV acquired a new position in shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,440 shares of the utilities provider’s stock, valued at approximately $68,000.

Several other large investors have also recently bought and sold shares of ELP. Marshall Wace LLP lifted its holdings in Companhia Paranaense de Energia – COPEL by 1,056.3% during the 4th quarter. Marshall Wace LLP now owns 139,551 shares of the utilities provider’s stock worth $828,000 after buying an additional 127,482 shares in the last quarter. SPX Gestao de Recursos Ltda raised its position in shares of Companhia Paranaense de Energia – COPEL by 8.8% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,030,320 shares of the utilities provider’s stock valued at $6,110,000 after acquiring an additional 83,758 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Companhia Paranaense de Energia – COPEL by 100.8% during the 4th quarter. Renaissance Technologies LLC now owns 131,900 shares of the utilities provider’s stock valued at $782,000 after acquiring an additional 66,200 shares during the last quarter. Walleye Capital LLC raised its position in shares of Companhia Paranaense de Energia – COPEL by 310.1% during the 4th quarter. Walleye Capital LLC now owns 74,142 shares of the utilities provider’s stock valued at $440,000 after acquiring an additional 56,062 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Companhia Paranaense de Energia – COPEL during the 4th quarter valued at $190,000. Institutional investors and hedge funds own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Stock Performance

Shares of Companhia Paranaense de Energia – COPEL stock opened at $8.76 on Friday. The firm has a fifty day moving average of $7.70 and a two-hundred day moving average of $6.89. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 51.53 and a beta of 0.79. Companhia Paranaense de Energia – COPEL has a 52 week low of $5.72 and a 52 week high of $8.82. 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 issued its earnings results on Friday, May 9th. The utilities provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). The business had revenue of $856.71 million for the quarter, compared to the consensus estimate of $4.97 billion. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. As a group, equities research analysts predict that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current 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.