AQR Capital Management LLC Acquires 8,618 Shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP)

AQR Capital Management LLC increased its holdings in Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 43.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,647 shares of the utilities provider’s stock after purchasing an additional 8,618 shares during the period. AQR Capital Management LLC’s holdings in Companhia Paranaense de Energia – COPEL were worth $192,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in Companhia Paranaense de Energia – COPEL during the second quarter valued at about $281,000. Renaissance Technologies LLC bought a new stake in Companhia Paranaense de Energia – COPEL during the second quarter valued at about $167,000. Dimensional Fund Advisors LP boosted its holdings in Companhia Paranaense de Energia – COPEL by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 52,256 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 4,667 shares during the period. Trium Capital LLP boosted its holdings in Companhia Paranaense de Energia – COPEL by 37.5% during the second quarter. Trium Capital LLP now owns 96,276 shares of the utilities provider’s stock valued at $644,000 after acquiring an additional 26,277 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Companhia Paranaense de Energia – COPEL by 222.9% during the second quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider’s stock valued at $1,784,000 after acquiring an additional 184,167 shares during the period. 3.80% of the stock is currently owned by institutional investors.

Companhia Paranaense de Energia – COPEL Stock Down 2.7 %

ELP stock opened at $6.81 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.57 and a quick ratio of 1.55. Companhia Paranaense de Energia – COPEL has a 52-week low of $6.40 and a 52-week high of $8.91. The company has a 50-day moving average of $7.51 and a two-hundred day moving average of $7.30. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 11.16 and a beta of 1.02.

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

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Monday, December 9th. Investors of record on Wednesday, October 2nd will be given a $0.0705 dividend. The ex-dividend date is Wednesday, October 2nd. Companhia Paranaense de Energia – COPEL’s dividend payout ratio (DPR) is presently 11.48%.

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.