Robeco Institutional Asset Management B.V. Trims Stake in Companhia Paranaense de Energia (COPEL) $ELP

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Companhia Paranaense de Energia (COPEL) by 46.5% in the second quarter, owning approximately 0.08% of the company valued at $4,375,000.
• COPEL's recent quarterly earnings showed an EPS of $0.02, missing the consensus estimate significantly, with revenues of $1.14 billion compared to expectations of $4.72 billion.
• Wall Street analysts maintain a consensus "Hold" rating for Companhia Paranaense de Energia, reflecting a cautious outlook on the company's performance.

Robeco Institutional Asset Management B.V. cut its stake in shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Free Report) by 46.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 479,169 shares of the utilities provider's stock after selling 416,155 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.08% of Companhia Paranaense de Energia (COPEL) worth $4,375,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ELP. Banque Cantonale Vaudoise purchased a new stake in Companhia Paranaense de Energia (COPEL) during the 1st quarter valued at approximately $35,000. Summit Securities Group LLC purchased a new stake in Companhia Paranaense de Energia (COPEL) during the 1st quarter valued at approximately $45,000. Brooklyn Investment Group raised its stake in Companhia Paranaense de Energia (COPEL) by 315,600.0% during the 1st quarter. Brooklyn Investment Group now owns 6,314 shares of the utilities provider's stock valued at $46,000 after acquiring an additional 6,312 shares during the last quarter. GAMMA Investing LLC raised its stake in Companhia Paranaense de Energia (COPEL) by 132.3% during the 1st quarter. GAMMA Investing LLC now owns 7,795 shares of the utilities provider's stock valued at $57,000 after acquiring an additional 4,440 shares during the last quarter. Finally, Wealthstream Advisors Inc. purchased a new stake in Companhia Paranaense de Energia (COPEL) during the 1st quarter valued at approximately $77,000. 3.80% of the stock is owned by hedge funds and other institutional investors.

Companhia Paranaense de Energia (COPEL) Price Performance

ELP opened at $9.51 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 1.12. The business has a 50 day simple moving average of $9.17 and a 200-day simple moving average of $8.64. The stock has a market capitalization of $5.66 billion, a P/E ratio of 55.94, a P/E/G ratio of 3.87 and a beta of 0.83. Companhia Paranaense de Energia has a 12 month low of $5.72 and a 12 month high of $9.90.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.09). The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $4.72 billion. Companhia Paranaense de Energia (COPEL) had a net margin of 12.77% and a return on equity of 11.15%. On average, equities analysts anticipate that Companhia Paranaense de Energia will post 0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Companhia Paranaense de Energia (COPEL) in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

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.

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