Van ECK Associates Corp Raises Stake in Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Van ECK Associates Corp raised its position in Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 222.9% in the second quarter, Holdings Channel reports. The fund owned 266,788 shares of the utilities provider’s stock after buying an additional 184,167 shares during the period. Van ECK Associates Corp’s holdings in Companhia Paranaense de Energia – COPEL were worth $1,784,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vinland Capital Management Gestora de Recursos LTDA. acquired a new position in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $25,163,000. SPX Gestao de Recursos Ltda increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 19.2% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,805,325 shares of the utilities provider’s stock valued at $15,309,000 after acquiring an additional 291,177 shares during the period. Dorsey Wright & Associates acquired a new position in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $1,095,000. Capital Wealth Planning LLC acquired a new position in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $1,035,000. Finally, Jump Financial LLC increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 131.9% in the 4th quarter. Jump Financial LLC now owns 73,902 shares of the utilities provider’s stock valued at $627,000 after acquiring an additional 42,028 shares during the period. Hedge funds and other institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Stock Down 1.5 %

Shares of Companhia Paranaense de Energia – COPEL stock opened at $7.72 on Friday. The firm’s fifty day simple moving average is $7.38 and its 200-day simple moving average is $7.43. Companhia Paranaense de Energia – COPEL has a 12 month low of $6.10 and a 12 month high of $8.91. The company has a quick ratio of 1.55, a current ratio of 1.57 and a debt-to-equity ratio of 0.55.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $1.05 billion for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 10.87% and a return on equity of 9.07%. As a group, analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.13 earnings per share for the current 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.