Robeco Institutional Asset Management B.V. Raises Stake in Companhia Paranaense de Energia (COPEL) $ELP

Robeco Institutional Asset Management B.V. raised its holdings in shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP) by 36.0% during the third quarter, Holdings Channel reports. The fund owned 651,443 shares of the utilities provider’s stock after buying an additional 172,274 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Companhia Paranaense de Energia (COPEL) were worth $6,384,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ELP. EverSource Wealth Advisors LLC boosted its stake in shares of Companhia Paranaense de Energia (COPEL) by 279.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,318 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 3,179 shares in the last quarter. PFG Investments LLC bought a new stake in Companhia Paranaense de Energia (COPEL) in the second quarter worth $93,000. JPMorgan Chase & Co. boosted its position in Companhia Paranaense de Energia (COPEL) by 4,094.6% during the second quarter. JPMorgan Chase & Co. now owns 10,151 shares of the utilities provider’s stock valued at $93,000 after buying an additional 9,909 shares during the period. GAMMA Investing LLC boosted its position in Companhia Paranaense de Energia (COPEL) by 40.7% during the second quarter. GAMMA Investing LLC now owns 10,968 shares of the utilities provider’s stock valued at $100,000 after buying an additional 3,173 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of Companhia Paranaense de Energia (COPEL) by 876.7% during the second quarter. Hantz Financial Services Inc. now owns 11,730 shares of the utilities provider’s stock valued at $107,000 after buying an additional 10,529 shares during the last quarter. 3.80% of the stock is currently owned by institutional investors.

Companhia Paranaense de Energia (COPEL) Stock Down 6.0%

Shares of NYSE:ELP opened at $9.30 on Friday. The stock’s 50-day moving average is $10.15 and its 200 day moving average is $9.51. The company has a market cap of $5.53 billion, a PE ratio of 77.46, a P/E/G ratio of 3.40 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.42. Companhia Paranaense de Energia has a 1 year low of $5.72 and a 1 year high of $11.23.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last released its quarterly earnings data on Thursday, November 13th. The utilities provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $972.33 million. Companhia Paranaense de Energia (COPEL) had a return on equity of 7.77% and a net margin of 8.66%. Sell-side analysts anticipate that Companhia Paranaense de Energia will post 0.12 EPS for the current year.

Companhia Paranaense de Energia (COPEL) Dividend Announcement

The business also recently declared a special dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were issued a $0.5732 dividend. The ex-dividend date was Wednesday, December 24th. Companhia Paranaense de Energia (COPEL)’s payout ratio is 208.33%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia (COPEL) in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Companhia Paranaense de Energia (COPEL) Profile

Companhia Paranaense de Energia (COPEL) is a leading integrated electric utility based in the state of Paraná, Brazil. Established in 1954 and headquartered in Curitiba, COPEL operates across the full value chain of the power sector, including generation, transmission, distribution and commercialization of electricity. The company’s operations are organized to serve residential, commercial, industrial and rural customers, making COPEL one of the primary energy providers in southern Brazil.

In its generation portfolio, COPEL leverages a diverse mix of hydroelectric, thermal and renewable resources.