Ballentine Partners LLC Raises Position in Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Ballentine Partners LLC raised its stake in Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 28.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,243 shares of the utilities provider’s stock after purchasing an additional 3,987 shares during the quarter. Ballentine Partners LLC’s holdings in Companhia Paranaense de Energia – COPEL were worth $141,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creekmur Asset Management LLC bought a new position in Companhia Paranaense de Energia – COPEL during the fourth quarter valued at $33,000. Blue Trust Inc. grew its holdings in Companhia Paranaense de Energia – COPEL by 44.9% during the fourth quarter. Blue Trust Inc. now owns 9,153 shares of the utilities provider’s stock valued at $80,000 after purchasing an additional 2,835 shares during the period. Wrapmanager Inc. bought a new position in Companhia Paranaense de Energia – COPEL during the fourth quarter valued at $91,000. Dynamic Technology Lab Private Ltd bought a new position in Companhia Paranaense de Energia – COPEL during the fourth quarter valued at $98,000. Finally, Profund Advisors LLC bought a new position in Companhia Paranaense de Energia – COPEL during the third quarter valued at $103,000. 3.80% of the stock is owned by hedge funds and other institutional investors.

Companhia Paranaense de Energia – COPEL Stock Up 2.5 %

Shares of NYSE ELP opened at $6.91 on Friday. The stock has a fifty day simple moving average of $7.13 and a two-hundred day simple moving average of $7.71. Companhia Paranaense de Energia – COPEL has a 1-year low of $6.10 and a 1-year high of $8.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.39 and a quick ratio of 1.37.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last posted its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.04 EPS for the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 8.72% and a net margin of 10.17%. The firm had revenue of $1.09 billion during the quarter. Sell-side analysts expect that Companhia Paranaense de Energia – COPEL will post 0.59 EPS for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, May 3rd will be issued a $0.031 dividend. The ex-dividend date of this dividend is Thursday, May 2nd.

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.