Russell Investments Group Ltd. continued to hold its position in Companhia Paranaense de Energia (COPEL) (NYSE:ELP) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 119,598 shares of the utilities provider’s stock at the close of the 2nd quarter. Russell Investments Group Ltd.’s holdings in Companhia Paranaense de Energia (COPEL) were worth $878,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in shares of Companhia Paranaense de Energia (COPEL) by 0.4% during the first quarter. Sei Investments Co. now owns 80,235 shares of the utilities provider’s stock valued at $827,000 after purchasing an additional 285 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Companhia Paranaense de Energia (COPEL) by 2.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,128 shares of the utilities provider’s stock valued at $331,000 after purchasing an additional 688 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Companhia Paranaense de Energia (COPEL) by 2.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 40,589 shares of the utilities provider’s stock valued at $418,000 after purchasing an additional 910 shares during the period. Citadel Advisors LLC increased its position in shares of Companhia Paranaense de Energia (COPEL) by 9.7% during the first quarter. Citadel Advisors LLC now owns 38,456 shares of the utilities provider’s stock valued at $396,000 after purchasing an additional 3,409 shares during the period. Finally, Brandes Investment Partners LP increased its position in shares of Companhia Paranaense de Energia (COPEL) by 0.3% during the first quarter. Brandes Investment Partners LP now owns 1,376,618 shares of the utilities provider’s stock valued at $14,193,000 after purchasing an additional 4,310 shares during the period. Institutional investors and hedge funds own 2.13% of the company’s stock.

Shares of Companhia Paranaense de Energia (NYSE ELP) traded up 0.32% during mid-day trading on Friday, reaching $9.47. The company had a trading volume of 100,622 shares. The firm’s 50 day moving average is $8.92 and its 200-day moving average is $9.02. Companhia Paranaense de Energia has a 12-month low of $7.15 and a 12-month high of $11.94. The stock has a market capitalization of $2.59 billion, a P/E ratio of 21.47 and a beta of 1.63.

A number of analysts have recently issued reports on ELP shares. ValuEngine cut Companhia Paranaense de Energia (COPEL) from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. BidaskClub lowered Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. HSBC Holdings plc lowered Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Citigroup Inc. raised Companhia Paranaense de Energia (COPEL) from a “neutral” rating to a “buy” rating in a research note on Monday, August 14th.

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Companhia Paranaense de Energia (COPEL) Company Profile

Companhia Paranaense de Energia is engaged in the generation, transmission, distribution and sale of electricity in the Brazilian State of Parana. The Company also provides telecommunications and other services. Its segments are Power generation and transmission (GET), Power distribution and sales (DIS), Telecommunications (TEL), GAS and Holding Company (HOL).

Institutional Ownership by Quarter for Companhia Paranaense de Energia (COPEL) (NYSE:ELP)

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