Ballentine Partners LLC Sells 2,237 Shares of Companhia Paranaense de Energia (COPEL) $ELP

Ballentine Partners LLC trimmed its position in Companhia Paranaense de Energia (COPEL) (NYSE:ELP) by 7.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 29,435 shares of the utilities provider’s stock after selling 2,237 shares during the period. Ballentine Partners LLC’s holdings in Companhia Paranaense de Energia (COPEL) were worth $269,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new stake in shares of Companhia Paranaense de Energia (COPEL) during the first quarter worth approximately $35,000. Summit Securities Group LLC bought a new stake in Companhia Paranaense de Energia (COPEL) in the first quarter valued at approximately $45,000. Brooklyn Investment Group raised its holdings in Companhia Paranaense de Energia (COPEL) by 315,600.0% in the first quarter. Brooklyn Investment Group now owns 6,314 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 6,312 shares during the period. GAMMA Investing LLC raised its holdings in Companhia Paranaense de Energia (COPEL) by 132.3% in the first quarter. GAMMA Investing LLC now owns 7,795 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 4,440 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Companhia Paranaense de Energia (COPEL) during the fourth quarter worth about $56,000. 3.80% of the stock is owned by institutional investors and hedge funds.

Companhia Paranaense de Energia (COPEL) Price Performance

Shares of NYSE ELP opened at $9.51 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63. The firm has a market cap of $5.66 billion, a PE ratio of 55.91, a PEG ratio of 3.87 and a beta of 0.83. Companhia Paranaense de Energia has a 1-year low of $5.72 and a 1-year high of $9.90. The company has a fifty day moving average price of $9.03 and a 200 day moving average price of $8.55.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). Companhia Paranaense de Energia (COPEL) had a net margin of 12.77% and a return on equity of 11.15%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $4.72 billion. Research analysts predict that Companhia Paranaense de Energia will post 0.12 earnings per share for the current fiscal 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.