Point72 Asset Management L.P. Makes New $218,000 Investment in Companhia Paranaense de Energia - COPEL (NYSE:ELP)

Point72 Asset Management L.P. purchased a new position in shares of Companhia Paranaense de Energia - COPEL (NYSE:ELP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 36,741 shares of the utilities provider's stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Letko Brosseau & Associates Inc. grew its stake in shares of Companhia Paranaense de Energia - COPEL by 0.7% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 6,524,695 shares of the utilities provider's stock worth $38,691,000 after purchasing an additional 48,550 shares during the last quarter. SPX Gestao de Recursos Ltda lifted 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 worth $6,110,000 after purchasing an additional 83,758 shares during the period. Millennium Management LLC boosted its stake in shares of Companhia Paranaense de Energia - COPEL by 59.9% during the 4th quarter. Millennium Management LLC now owns 297,678 shares of the utilities provider's stock valued at $1,765,000 after purchasing an additional 111,570 shares in the last quarter. Marshall Wace LLP increased its position in shares of Companhia Paranaense de Energia - COPEL by 1,056.3% during the fourth quarter. Marshall Wace LLP now owns 139,551 shares of the utilities provider's stock valued at $828,000 after buying an additional 127,482 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Companhia Paranaense de Energia - COPEL by 100.8% in the fourth quarter. Renaissance Technologies LLC now owns 131,900 shares of the utilities provider's stock worth $782,000 after buying an additional 66,200 shares in the last quarter. Hedge funds and other institutional investors own 3.80% of the company's stock.

Companhia Paranaense de Energia - COPEL Stock Down 1.2%

ELP traded down $0.11 on Friday, hitting $8.90. The company had a trading volume of 61,270 shares, compared to its average volume of 247,310. Companhia Paranaense de Energia - COPEL has a 52-week low of $5.72 and a 52-week high of $9.09. The stock has a fifty day simple moving average of $7.98 and a 200-day simple moving average of $7.02. 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 firm has a market capitalization of $4.87 billion, a P/E ratio of 52.33 and a beta of 0.79.

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 (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.12). The business 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 return on equity of 11.88% and a net margin of 14.20%. As a group, equities analysts expect that Companhia Paranaense de Energia - COPEL will post 0.12 EPS for the current fiscal year.

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.