Mirae Asset Global Investments Co. Ltd. Reduces Position in Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Mirae Asset Global Investments Co. Ltd. lessened its position in shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 29.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,261 shares of the utilities provider’s stock after selling 3,474 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Companhia Paranaense de Energia – COPEL were worth $62,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Companhia Paranaense de Energia – COPEL by 61.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock worth $40,000 after buying an additional 2,043 shares during the last quarter. Van ECK Associates Corp grew its stake in Companhia Paranaense de Energia – COPEL by 222.9% during the 2nd quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider’s stock worth $1,784,000 after buying an additional 184,167 shares during the last quarter. Creative Planning grew its stake in Companhia Paranaense de Energia – COPEL by 44.5% during the 2nd quarter. Creative Planning now owns 57,924 shares of the utilities provider’s stock worth $388,000 after buying an additional 17,852 shares during the last quarter. Tidal Investments LLC grew its stake in Companhia Paranaense de Energia – COPEL by 2.4% during the 1st quarter. Tidal Investments LLC now owns 59,189 shares of the utilities provider’s stock worth $457,000 after buying an additional 1,398 shares during the last quarter. Finally, Norden Group LLC acquired a new stake in Companhia Paranaense de Energia – COPEL during the 1st quarter worth approximately $194,000. Hedge funds and other institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Stock Down 0.4 %

Companhia Paranaense de Energia – COPEL stock opened at $6.67 on Wednesday. Companhia Paranaense de Energia – COPEL has a twelve month low of $6.45 and a twelve month high of $8.91. The stock has a 50 day moving average of $7.32 and a two-hundred day moving average of $7.25. The company has a current ratio of 1.57, a quick ratio of 1.55 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 13.33 and a beta of 1.03.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.03 earnings per share for the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 9.07% and a net margin of 10.87%. The company had revenue of $1.05 billion during the quarter.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently disclosed a Variable dividend, which will be paid on Monday, December 9th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.0705 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. Companhia Paranaense de Energia – COPEL’s payout ratio is 14.00%.

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.