GAMMA Investing LLC Increases Holdings in Companhia Paranaense de Energia – COPEL (NYSE:ELP)

GAMMA Investing LLC lifted its position in shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 61.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,380 shares of the utilities provider’s stock after buying an additional 2,043 shares during the period. GAMMA Investing LLC’s holdings in Companhia Paranaense de Energia – COPEL were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Van ECK Associates Corp raised its position in Companhia Paranaense de Energia – COPEL by 222.9% in the second quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider’s stock valued at $1,784,000 after purchasing an additional 184,167 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of Companhia Paranaense de Energia – COPEL in the 1st quarter valued at $242,000. Creative Planning lifted its holdings in Companhia Paranaense de Energia – COPEL by 44.5% during the 2nd quarter. Creative Planning now owns 57,924 shares of the utilities provider’s stock worth $388,000 after buying an additional 17,852 shares during the last quarter. Tidal Investments LLC lifted its stake in Companhia Paranaense de Energia – COPEL by 2.4% during 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 during the last quarter. Finally, Norden Group LLC acquired a new position in shares of Companhia Paranaense de Energia – COPEL in the 1st quarter valued at $194,000. Institutional investors and hedge funds own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Price Performance

Companhia Paranaense de Energia – COPEL stock opened at $7.01 on Friday. Companhia Paranaense de Energia – COPEL has a fifty-two week low of $6.24 and a fifty-two week high of $8.91. The stock has a 50-day simple moving average of $7.53 and a 200-day simple moving average of $7.31. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.57 and a quick ratio of 1.55.

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

Companhia Paranaense de Energia – COPEL Cuts Dividend

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

Companhia Paranaense de Energia – COPEL 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.