Companhia Paranaense de Energia (COPEL) $ELP Shares Sold by Vident Advisory LLC

Key Points

• Vident Advisory LLC reduced its stake in Companhia Paranaense de Energia (COPEL) by 38.7% in the first quarter, holding 105,946 shares worth approximately $774,000.
• Other institutional investors, including Two Sigma Investments LP and GAMMA Investing LLC, have significantly increased their stakes in COPEL, indicating growing interest in the company.
• COPEL's latest earnings report showed an EPS of $0.02, missing estimates by $0.09, with total revenue reported at $1.14 billion against an analyst expectation of $4.72 billion.

Vident Advisory LLC cut its holdings in shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Free Report) by 38.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,946 shares of the utilities provider's stock after selling 66,990 shares during the quarter. Vident Advisory LLC's holdings in Companhia Paranaense de Energia (COPEL) were worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group lifted its position in Companhia Paranaense de Energia (COPEL) by 315,600.0% in the first quarter. Brooklyn Investment Group now owns 6,314 shares of the utilities provider's stock valued at $46,000 after buying an additional 6,312 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Companhia Paranaense de Energia (COPEL) in the 1st quarter valued at approximately $45,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Companhia Paranaense de Energia (COPEL) by 27.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,449 shares of the utilities provider's stock worth $398,000 after acquiring an additional 11,765 shares during the last quarter. R Squared Ltd boosted its position in shares of Companhia Paranaense de Energia (COPEL) by 161.8% during the 1st quarter. R Squared Ltd now owns 13,902 shares of the utilities provider's stock worth $102,000 after purchasing an additional 8,592 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Companhia Paranaense de Energia (COPEL) by 86.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,302 shares of the utilities provider's stock worth $119,000 after purchasing an additional 7,548 shares during the period. 3.80% of the stock is owned by institutional investors and hedge funds.

Companhia Paranaense de Energia (COPEL) Trading Up 1.3%

NYSE ELP traded up $0.12 on Wednesday, reaching $9.21. The stock had a trading volume of 225,383 shares, compared to its average volume of 200,774. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $8.82 and a two-hundred day moving average price of $8.29. Companhia Paranaense de Energia has a 12-month low of $5.72 and a 12-month high of $9.34. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 54.15 and a beta of 0.83.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) last released 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). Companhia Paranaense de Energia (COPEL) had a return on equity of 11.15% and a net margin of 12.77%.The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $4.72 billion. As a group, sell-side analysts forecast that Companhia Paranaense de Energia 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.