Signaturefd LLC Buys 2,016 Shares of Companhia Paranaense de Energia (COPEL) $ELP

Signaturefd LLC lifted its holdings in Companhia Paranaense de Energia (COPEL) (NYSE:ELP) by 14.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,509 shares of the utilities provider’s stock after acquiring an additional 2,016 shares during the period. Signaturefd LLC’s holdings in Companhia Paranaense de Energia (COPEL) were worth $142,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Companhia Paranaense de Energia (COPEL) by 1,598.4% in the first quarter. GAMMA Investing LLC now owns 56,981 shares of the utilities provider’s stock worth $417,000 after acquiring an additional 53,626 shares during the period. Letko Brosseau & Associates Inc. boosted its stake in Companhia Paranaense de Energia (COPEL) by 2.9% during the first quarter. Letko Brosseau & Associates Inc. now owns 6,714,721 shares of the utilities provider’s stock valued at $49,085,000 after buying an additional 190,026 shares during the last quarter. XTX Topco Ltd bought a new position in Companhia Paranaense de Energia (COPEL) during the first quarter valued at approximately $240,000. US Bancorp DE boosted its stake in Companhia Paranaense de Energia (COPEL) by 34.1% during the first quarter. US Bancorp DE now owns 18,314 shares of the utilities provider’s stock valued at $134,000 after buying an additional 4,661 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Companhia Paranaense de Energia (COPEL) by 45.3% during the fourth quarter. Ameriprise Financial Inc. now owns 54,039 shares of the utilities provider’s stock valued at $326,000 after buying an additional 16,837 shares during the last quarter. Institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia (COPEL) Trading Up 0.4%

Shares of ELP stock opened at $9.50 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 1.12. The stock’s 50 day simple moving average is $9.14 and its two-hundred day simple moving average is $8.61. Companhia Paranaense de Energia has a 1 year low of $5.72 and a 1 year high of $9.90. The company has a market cap of $5.65 billion, a PE ratio of 55.85, a price-to-earnings-growth ratio of 3.85 and a beta of 0.83.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia (COPEL) in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.