Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in Companhia Paranaense de Energia (COPEL) (NYSE:ELP) by 132.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,795 shares of the utilities provider’s stock after buying an additional 4,440 shares during the quarter. GAMMA Investing LLC’s holdings in Companhia Paranaense de Energia (COPEL) were worth $57,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. First Affirmative Financial Network lifted its holdings in Companhia Paranaense de Energia (COPEL) by 53.4% in the 1st quarter. First Affirmative Financial Network now owns 16,663 shares of the utilities provider’s stock worth $122,000 after buying an additional 5,802 shares in the last quarter. Vident Advisory LLC increased its position in shares of Companhia Paranaense de Energia (COPEL) by 56.2% in the 4th quarter. Vident Advisory LLC now owns 172,936 shares of the utilities provider’s stock worth $1,026,000 after purchasing an additional 62,211 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of Companhia Paranaense de Energia (COPEL) by 71.3% in the 4th quarter. Two Sigma Advisers LP now owns 257,020 shares of the utilities provider’s stock worth $1,524,000 after purchasing an additional 107,000 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Companhia Paranaense de Energia (COPEL) by 176.6% in the 4th quarter. Two Sigma Investments LP now owns 288,065 shares of the utilities provider’s stock worth $1,708,000 after purchasing an additional 183,936 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Companhia Paranaense de Energia (COPEL) in the 4th quarter worth about $218,000. Institutional investors and hedge funds own 3.80% of the company’s stock.

Companhia Paranaense de Energia (COPEL) Price Performance

ELP opened at $8.74 on Thursday. The company has a 50-day moving average of $8.82 and a 200-day moving average of $7.54. The company has a market capitalization of $5.20 billion, a P/E ratio of 51.41, a PEG ratio of 7.23 and a beta of 0.77. Companhia Paranaense de Energia has a 1-year low of $5.72 and a 1-year high of $9.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.47 and a current ratio of 1.48.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last released its earnings results on Friday, May 9th. The utilities provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.12). Companhia Paranaense de Energia (COPEL) had a return on equity of 11.17% and a net margin of 12.67%. The company had revenue of $856.71 million during the quarter, compared to the consensus estimate of $4.97 billion. Equities analysts expect that Companhia Paranaense de Energia 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.