Companhia Paranaense de Energia - COPEL (NYSE:ELP) Stake Reduced by Bank of America Corp DE

Bank of America Corp DE reduced its position in Companhia Paranaense de Energia - COPEL (NYSE:ELP - Free Report) by 91.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,570 shares of the utilities provider's stock after selling 766,105 shares during the period. Bank of America Corp DE's holdings in Companhia Paranaense de Energia - COPEL were worth $413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SPX Gestao de Recursos Ltda raised its position in shares of Companhia Paranaense de Energia - COPEL by 8.8% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,030,320 shares of the utilities provider's stock valued at $6,110,000 after purchasing an additional 83,758 shares in the last quarter. Marshall Wace LLP raised its position in shares of Companhia Paranaense de Energia - COPEL by 1,056.3% in the 4th quarter. Marshall Wace LLP now owns 139,551 shares of the utilities provider's stock valued at $828,000 after purchasing an additional 127,482 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Companhia Paranaense de Energia - COPEL by 100.8% in the 4th quarter. Renaissance Technologies LLC now owns 131,900 shares of the utilities provider's stock valued at $782,000 after purchasing an additional 66,200 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Companhia Paranaense de Energia - COPEL by 32.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 124,507 shares of the utilities provider's stock valued at $739,000 after purchasing an additional 30,180 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Companhia Paranaense de Energia - COPEL by 1.6% in the 4th quarter. Hsbc Holdings PLC now owns 89,438 shares of the utilities provider's stock valued at $525,000 after purchasing an additional 1,407 shares in the last quarter. 3.80% of the stock is owned by institutional investors and hedge funds.

Companhia Paranaense de Energia - COPEL Stock Performance

Shares of NYSE ELP traded up $0.24 during trading on Monday, reaching $9.17. The stock had a trading volume of 247,979 shares, compared to its average volume of 251,659. Companhia Paranaense de Energia - COPEL has a one year low of $5.72 and a one year high of $9.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45. The stock has a market cap of $5.46 billion, a PE ratio of 53.91 and a beta of 0.78. The firm's 50 day moving average price is $8.36 and its two-hundred day moving average price is $7.22.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.12). Companhia Paranaense de Energia - COPEL had a net margin of 14.20% and a return on equity of 11.88%. The firm had revenue of $856.71 million during the quarter, compared to the consensus estimate of $4.97 billion. On average, research analysts forecast that Companhia Paranaense de Energia - COPEL will post 0.12 earnings per share for the current fiscal year.

About Companhia Paranaense de Energia - COPEL

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.