Bank of America Corp DE Sells 766,105 Shares of Companhia Paranaense de Energia - COPEL (NYSE:ELP)

Bank of America Corp DE lowered its position in Companhia Paranaense de Energia - COPEL (NYSE:ELP - Free Report) by 91.7% during the fourth quarter, according to its most recent Form 13F 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 quarter. Bank of America Corp DE's holdings in Companhia Paranaense de Energia - COPEL were worth $413,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ELP. Van ECK Associates Corp boosted its holdings in Companhia Paranaense de Energia - COPEL by 7.6% in the fourth quarter. Van ECK Associates Corp now owns 85,929 shares of the utilities provider's stock worth $510,000 after purchasing an additional 6,036 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Companhia Paranaense de Energia - COPEL by 78.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider's stock worth $52,000 after buying an additional 3,849 shares during the last quarter. SPX Gestao de Recursos Ltda boosted its stake in shares of Companhia Paranaense de Energia - COPEL by 8.8% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,030,320 shares of the utilities provider's stock worth $6,110,000 after acquiring an additional 83,758 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Companhia Paranaense de Energia - COPEL during the 4th quarter worth about $74,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Companhia Paranaense de Energia - COPEL during the 4th quarter valued at about $190,000. 3.80% of the stock is owned by institutional investors and hedge funds.

Companhia Paranaense de Energia - COPEL Stock Performance

Shares of ELP stock traded down $0.06 during trading on Friday, reaching $8.92. The company had a trading volume of 262,721 shares, compared to its average volume of 250,851. The firm's 50 day simple moving average is $8.28 and its two-hundred day simple moving average is $7.18. Companhia Paranaense de Energia - COPEL has a one year low of $5.72 and a one year high of $9.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. The company has a market capitalization of $5.31 billion, a PE ratio of 52.44 and a beta of 0.78.

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