Connor Clark & Lunn Investment Management Ltd. Sells 26,407 Shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Connor Clark & Lunn Investment Management Ltd. lessened its stake in Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,684 shares of the utilities provider’s stock after selling 26,407 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Companhia Paranaense de Energia – COPEL were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. SPX Gestao de Recursos Ltda lifted its stake in shares of Companhia Paranaense de Energia – COPEL by 8.8% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,030,320 shares of the utilities provider’s stock worth $6,110,000 after buying an additional 83,758 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in 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 during the last quarter. Van ECK Associates Corp increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 7.6% in the 4th quarter. Van ECK Associates Corp now owns 85,929 shares of the utilities provider’s stock worth $510,000 after purchasing an additional 6,036 shares in the last quarter. First Affirmative Financial Network purchased a new position in shares of Companhia Paranaense de Energia – COPEL in the fourth quarter worth $64,000. Finally, R Squared Ltd bought a new position in shares of Companhia Paranaense de Energia – COPEL during the fourth quarter valued at $31,000. Institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Price Performance

NYSE ELP opened at $7.31 on Monday. Companhia Paranaense de Energia – COPEL has a one year low of $5.72 and a one year high of $8.05. The stock has a 50-day moving average of $6.76 and a 200 day moving average of $6.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 42.97 and a beta of 1.01.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last released its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $657.55 million. On average, sell-side analysts forecast that Companhia Paranaense de Energia – COPEL 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.