Robeco Institutional Asset Management B.V. Trims Stock Holdings in Companhia Paranaense de Energia (COPEL) (NYSE:ELP)

Robeco Institutional Asset Management B.V. trimmed its holdings in Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Free Report) by 20.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 895,324 shares of the utilities provider's stock after selling 226,613 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Companhia Paranaense de Energia (COPEL) worth $6,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ELP. PNC Financial Services Group Inc. grew its position in shares of Companhia Paranaense de Energia (COPEL) by 78.5% during the 4th 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Companhia Paranaense de Energia (COPEL) during the 4th quarter worth $56,000. GAMMA Investing LLC lifted its holdings in shares of 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 worth $57,000 after acquiring an additional 4,440 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Companhia Paranaense de Energia (COPEL) during the 4th quarter worth $68,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Companhia Paranaense de Energia (COPEL) during the 4th quarter worth $74,000. 3.80% of the stock is currently owned by hedge funds and other institutional investors.

Companhia Paranaense de Energia (COPEL) Stock Performance

Companhia Paranaense de Energia (COPEL) stock opened at $8.90 on Monday. The company has a market capitalization of $5.30 billion, a PE ratio of 52.32, a P/E/G ratio of 7.22 and a beta of 0.78. The firm has a fifty day simple moving average of $8.67 and a two-hundred day simple moving average of $7.39. The company has a quick ratio of 1.47, a current ratio of 1.48 and a debt-to-equity ratio of 0.60. Companhia Paranaense de Energia has a twelve month low of $5.72 and a twelve month high of $9.28.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.12). Companhia Paranaense de Energia (COPEL) had a return on equity of 11.17% and a net margin of 12.67%. The company had revenue of $856.71 million during the quarter, compared to the consensus estimate of $4.97 billion. Research analysts expect that Companhia Paranaense de Energia will post 0.12 EPS for the current 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.

Want to see what other hedge funds are holding ELP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.