Optiver Holding B.V. Reduces Stock Position in Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Optiver Holding B.V. cut its position in shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 4.1% in the fourth quarter, HoldingsChannel reports. The firm owned 541,587 shares of the utilities provider’s stock after selling 22,904 shares during the period. Optiver Holding B.V.’s holdings in Companhia Paranaense de Energia – COPEL were worth $3,212,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $31,000. PNC Financial Services Group Inc. increased its holdings in shares of 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 in the last quarter. First Affirmative Financial Network purchased a new position in Companhia Paranaense de Energia – COPEL during the fourth quarter worth approximately $64,000. JPMorgan Chase & Co. purchased a new stake in shares of Companhia Paranaense de Energia – COPEL during the fourth quarter worth about $74,000. Finally, First Trust Advisors LP acquired a new position in Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $90,000. 3.80% of the stock is currently owned by hedge funds and other institutional investors.

Companhia Paranaense de Energia – COPEL Price Performance

ELP stock opened at $8.29 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. The business has a 50 day simple moving average of $7.25 and a 200-day simple moving average of $6.74. Companhia Paranaense de Energia – COPEL has a 1 year low of $5.72 and a 1 year high of $8.32. The firm has a market capitalization of $4.54 billion, a PE ratio of 48.76 and a beta of 0.71.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last posted its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $657.55 million. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. Equities research analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.12 earnings per share for the current fiscal year.

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.