Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP grew its position in shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 176.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 288,065 shares of the utilities provider’s stock after purchasing an additional 183,936 shares during the period. Two Sigma Investments LP owned 0.05% of Companhia Paranaense de Energia – COPEL worth $1,708,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ELP. Letko Brosseau & Associates Inc. grew its holdings in Companhia Paranaense de Energia – COPEL by 0.7% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 6,524,695 shares of the utilities provider’s stock valued at $38,691,000 after purchasing an additional 48,550 shares during the period. SPX Gestao de Recursos Ltda increased its holdings 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 worth $6,110,000 after buying an additional 83,758 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 59.9% during the 4th quarter. Millennium Management LLC now owns 297,678 shares of the utilities provider’s stock worth $1,765,000 after buying an additional 111,570 shares during the last quarter. Marshall Wace LLP raised its position in shares of Companhia Paranaense de Energia – COPEL by 1,056.3% in 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 during the period. Finally, Renaissance Technologies LLC boosted its holdings in Companhia Paranaense de Energia – COPEL by 100.8% in the fourth 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. 3.80% of the stock is currently owned by hedge funds and other institutional investors.

Companhia Paranaense de Energia – COPEL Price Performance

ELP stock opened at $8.84 on Tuesday. The company has a market cap of $4.84 billion, a PE ratio of 51.97 and a beta of 0.79. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $8.04 and a two-hundred day moving average price of $7.06. Companhia Paranaense de Energia – COPEL has a 12-month low of $5.72 and a 12-month high of $9.09.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its earnings results on Friday, May 9th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. The firm had revenue of $856.71 million for the quarter, compared to analysts’ expectations of $4.97 billion. As a group, research analysts predict that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current year.

Companhia Paranaense de Energia – COPEL Profile

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.