Goldman Sachs Group Inc. increased its stake in shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP) by 55.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,697 shares of the utilities provider’s stock after buying an additional 39,994 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Companhia Paranaense de Energia (COPEL) were worth $827,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ELP. FMR LLC grew its holdings in Companhia Paranaense de Energia (COPEL) by 20.8% during the second quarter. FMR LLC now owns 5,812,157 shares of the utilities provider’s stock worth $42,661,000 after buying an additional 1,000,660 shares in the last quarter. Morgan Stanley grew its holdings in Companhia Paranaense de Energia (COPEL) by 380.3% during the first quarter. Morgan Stanley now owns 391,695 shares of the utilities provider’s stock worth $4,038,000 after buying an additional 310,145 shares in the last quarter. Bienville Capital Management LLC grew its holdings in Companhia Paranaense de Energia (COPEL) by 115.9% during the second quarter. Bienville Capital Management LLC now owns 506,284 shares of the utilities provider’s stock worth $3,732,000 after buying an additional 271,748 shares in the last quarter. Letko Brosseau & Associates Inc. grew its holdings in Companhia Paranaense de Energia (COPEL) by 5.3% during the second quarter. Letko Brosseau & Associates Inc. now owns 3,921,114 shares of the utilities provider’s stock worth $28,781,000 after buying an additional 198,315 shares in the last quarter. Finally, Numeric Investors LLC grew its holdings in Companhia Paranaense de Energia (COPEL) by 25.7% during the second quarter. Numeric Investors LLC now owns 793,077 shares of the utilities provider’s stock worth $5,821,000 after buying an additional 162,300 shares in the last quarter. Institutional investors and hedge funds own 2.27% of the company’s stock.

Shares of Companhia Paranaense de Energia (NYSE:ELP) opened at $7.33 on Wednesday. Companhia Paranaense de Energia has a 1-year low of $7.15 and a 1-year high of $11.61. The stock has a market capitalization of $2,082.51, a price-to-earnings ratio of 16.91 and a beta of 1.58. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42.

ELP has been the subject of several recent research reports. BidaskClub upgraded Companhia Paranaense de Energia (COPEL) from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. HSBC Holdings plc downgraded Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Citigroup Inc. upgraded Companhia Paranaense de Energia (COPEL) from a “neutral” rating to a “buy” rating in a report on Monday, August 14th.

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Companhia Paranaense de Energia (COPEL) 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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