Creative Planning Buys 17,852 Shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Creative Planning lifted its position in Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 44.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,924 shares of the utilities provider’s stock after buying an additional 17,852 shares during the period. Creative Planning’s holdings in Companhia Paranaense de Energia – COPEL were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in Companhia Paranaense de Energia – COPEL by 222.9% during the second quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider’s stock valued at $1,784,000 after acquiring an additional 184,167 shares during the period. Diversify Advisory Services LLC purchased a new position in shares of Companhia Paranaense de Energia – COPEL during the first quarter valued at approximately $242,000. Tidal Investments LLC grew its stake in Companhia Paranaense de Energia – COPEL by 2.4% in the first quarter. Tidal Investments LLC now owns 59,189 shares of the utilities provider’s stock worth $457,000 after purchasing an additional 1,398 shares in the last quarter. Norden Group LLC bought a new position in Companhia Paranaense de Energia – COPEL in the first quarter worth approximately $194,000. Finally, Marshall Wace LLP purchased a new stake in Companhia Paranaense de Energia – COPEL during the second quarter worth $281,000. 3.80% of the stock is currently owned by hedge funds and other institutional investors.

Companhia Paranaense de Energia – COPEL Trading Down 0.3 %

Shares of ELP opened at $7.09 on Thursday. Companhia Paranaense de Energia – COPEL has a 12 month low of $6.24 and a 12 month high of $8.91. The stock has a fifty day moving average price of $7.53 and a 200-day moving average price of $7.31. The company has a current ratio of 1.57, a quick ratio of 1.55 and a debt-to-equity ratio of 0.55.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last posted its earnings results on Thursday, August 8th. The utilities provider reported $0.03 EPS for the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 9.07% and a net margin of 10.87%. The firm had revenue of $1.05 billion for the quarter. On average, research analysts expect that Companhia Paranaense de Energia – COPEL will post 0.13 earnings per share for the current year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Monday, December 9th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.0705 per share. The ex-dividend date is Wednesday, October 2nd.

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.