Renaissance Technologies LLC Invests $167,000 in Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Renaissance Technologies LLC purchased a new stake in Companhia Paranaense de Energia – COPEL (NYSE:ELP) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 25,000 shares of the utilities provider’s stock, valued at approximately $167,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tidal Investments LLC lifted its position in Companhia Paranaense de Energia – COPEL by 2.4% in the first 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. Signaturefd LLC boosted its stake in shares of Companhia Paranaense de Energia – COPEL by 41.1% during the 2nd quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 3,341 shares during the period. Creekmur Asset Management LLC bought a new position in Companhia Paranaense de Energia – COPEL during the 4th quarter valued at about $33,000. Ballentine Partners LLC raised its position in Companhia Paranaense de Energia – COPEL by 28.0% in the 1st quarter. Ballentine Partners LLC now owns 18,243 shares of the utilities provider’s stock worth $141,000 after purchasing an additional 3,987 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Companhia Paranaense de Energia – COPEL by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 52,256 shares of the utilities provider’s stock worth $354,000 after purchasing an additional 4,667 shares during the last quarter. Hedge funds and other institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Price Performance

Shares of NYSE ELP opened at $7.08 on Monday. The business’s 50 day moving average price is $7.53 and its 200-day moving average price is $7.32. Companhia Paranaense de Energia – COPEL has a fifty-two week low of $6.24 and a fifty-two week high of $8.91. The company has a current ratio of 1.57, a quick ratio of 1.55 and a debt-to-equity ratio of 0.55.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its earnings results on Thursday, August 8th. The utilities provider reported $0.03 EPS for the quarter. The business 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, equities research analysts forecast that Companhia Paranaense de Energia – COPEL will post 0.13 earnings per share for the current year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Monday, December 9th. Investors of record on Wednesday, October 2nd will be issued a $0.0705 dividend. The ex-dividend date of this dividend is Wednesday, October 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.