GAMMA Investing LLC Raises Stock Position in Companhia Paranaense de Energia (COPEL) (NYSE:ELP)

GAMMA Investing LLC boosted its stake in Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Free Report) by 1,598.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,981 shares of the utilities provider's stock after acquiring an additional 53,626 shares during the period. GAMMA Investing LLC's holdings in Companhia Paranaense de Energia (COPEL) were worth $417,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its position in Companhia Paranaense de Energia (COPEL) by 1.6% in the fourth quarter. Hsbc Holdings PLC now owns 89,438 shares of the utilities provider's stock worth $525,000 after acquiring an additional 1,407 shares during the period. PNC Financial Services Group Inc. raised 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 valued at $52,000 after purchasing an additional 3,849 shares during the period. Van ECK Associates Corp raised its position in shares of 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 valued at $510,000 after purchasing an additional 6,036 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Companhia Paranaense de Energia (COPEL) in the fourth quarter valued at approximately $56,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Companhia Paranaense de Energia (COPEL) in the fourth quarter valued at approximately $68,000. Institutional investors own 3.80% of the company's stock.

Companhia Paranaense de Energia (COPEL) Stock Performance

Shares of NYSE ELP traded down $0.04 during midday trading on Monday, hitting $9.11. The company's stock had a trading volume of 158,646 shares, compared to its average volume of 253,412. The stock has a fifty day moving average price of $8.55 and a 200 day moving average price of $7.32. Companhia Paranaense de Energia has a one year low of $5.72 and a one year high of $9.28. The company has a current ratio of 1.48, a quick ratio of 1.47 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 53.56, a P/E/G ratio of 7.41 and a beta of 0.78.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.12). Companhia Paranaense de Energia (COPEL) had a net margin of 12.67% and a return on equity of 11.17%. The business 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 will post 0.12 EPS for the current fiscal 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.