Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Sold by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC reduced its stake in shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 4.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,159 shares of the utilities provider’s stock after selling 1,614 shares during the period. Atlas Capital Advisors LLC’s holdings in Companhia Paranaense de Energia – COPEL were worth $295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vinland Capital Management Gestora de Recursos LTDA. acquired a new stake in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter worth $25,163,000. SPX Gestao de Recursos Ltda increased its position in Companhia Paranaense de Energia – COPEL by 19.2% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,805,325 shares of the utilities provider’s stock worth $15,309,000 after purchasing an additional 291,177 shares during the last quarter. Dorsey Wright & Associates purchased a new position in Companhia Paranaense de Energia – COPEL during the fourth quarter worth about $1,095,000. Capital Wealth Planning LLC purchased a new stake in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter valued at approximately $1,035,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Companhia Paranaense de Energia – COPEL during the 4th quarter valued at approximately $667,000. Institutional investors and hedge funds own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Price Performance

ELP opened at $6.91 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 0.51. Companhia Paranaense de Energia – COPEL has a one year low of $6.10 and a one year high of $8.91. The business’s 50 day moving average price is $7.13 and its 200 day moving average price is $7.71.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.04 earnings per share for the quarter. The business had revenue of $1.09 billion during the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 10.17% and a return on equity of 8.72%. On average, research analysts forecast that Companhia Paranaense de Energia – COPEL will post 0.59 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently announced a Variable dividend, which will be paid on Monday, July 8th. Investors of record on Friday, May 3rd will be paid a dividend of $0.031 per share. The ex-dividend date of this dividend is Thursday, May 2nd.

Companhia Paranaense de Energia – COPEL Company 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.