Renaissance Technologies LLC Raises Position in Companhia Paranaense de Energia - COPEL (NYSE:ELP)

Renaissance Technologies LLC raised its holdings in Companhia Paranaense de Energia - COPEL (NYSE:ELP - Free Report) by 100.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 131,900 shares of the utilities provider's stock after purchasing an additional 66,200 shares during the quarter. Renaissance Technologies LLC's holdings in Companhia Paranaense de Energia - COPEL were worth $782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Ballentine Partners LLC lifted its stake in shares of Companhia Paranaense de Energia - COPEL by 18.3% in the fourth quarter. Ballentine Partners LLC now owns 20,268 shares of the utilities provider's stock worth $120,000 after buying an additional 3,140 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Companhia Paranaense de Energia - COPEL by 80.8% in the fourth quarter. Blue Trust Inc. now owns 53,333 shares of the utilities provider's stock valued at $316,000 after purchasing an additional 23,830 shares during the last quarter. R Squared Ltd purchased a new position in shares of Companhia Paranaense de Energia - COPEL during the 4th quarter worth $31,000. First Affirmative Financial Network acquired a new position in Companhia Paranaense de Energia - COPEL in the 4th quarter valued at about $64,000. Finally, Van ECK Associates Corp lifted its holdings in 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 acquiring an additional 6,036 shares during the last quarter. Institutional investors and hedge funds own 3.80% of the company's stock.

Companhia Paranaense de Energia - COPEL Trading Down 0.9 %

NYSE:ELP traded down $0.08 on Wednesday, reaching $8.13. 147,406 shares of the company's stock were exchanged, compared to its average volume of 246,781. The business has a fifty day moving average of $7.43 and a 200-day moving average of $6.80. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.51. Companhia Paranaense de Energia - COPEL has a 52-week low of $5.72 and a 52-week high of $8.34. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 47.79 and a beta of 0.79.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.23). Companhia Paranaense de Energia - COPEL had a return on equity of 11.88% and a net margin of 14.20%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $657.55 million. As a group, analysts expect that Companhia Paranaense de Energia - COPEL will post 0.12 earnings per share for the current 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.