Companhia Paranaense de Energia (NYSE:ELP) was down 0.4% on Monday . The company traded as low as $4.95 and last traded at $4.89. Approximately 16,285 shares changed hands during trading, a decline of 96% from the average daily volume of 439,396 shares. The stock had previously closed at $4.91.
Separately, ValuEngine lowered Companhia Paranaense de Energia from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd.
The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 4.61 and a beta of 1.26. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.49.
Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new stake in Companhia Paranaense de Energia during the 4th quarter worth $693,000. Guggenheim Capital LLC grew its position in Companhia Paranaense de Energia by 30.6% during the 4th quarter. Guggenheim Capital LLC now owns 89,504 shares of the utilities provider’s stock worth $683,000 after acquiring an additional 20,989 shares during the last quarter. Millennium Management LLC grew its position in Companhia Paranaense de Energia by 176.9% during the 4th quarter. Millennium Management LLC now owns 458,041 shares of the utilities provider’s stock worth $3,495,000 after acquiring an additional 292,610 shares during the last quarter. BlackRock Inc. grew its position in Companhia Paranaense de Energia by 13.4% during the 4th quarter. BlackRock Inc. now owns 1,387,408 shares of the utilities provider’s stock worth $10,586,000 after acquiring an additional 164,445 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Companhia Paranaense de Energia by 754.0% during the 4th quarter. Deutsche Bank AG now owns 89,438 shares of the utilities provider’s stock worth $682,000 after acquiring an additional 78,965 shares during the last quarter. Institutional investors and hedge funds own 1.28% of the company’s stock.
About Companhia Paranaense de Energia (NYSE:ELP)
Companhia Paranaense de Energia ? COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. As of December 31, 2017, the company operated 17 hydroelectric plants, 12 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,024.0 megawatts; and owned and operated 2,698.3 kilometers of transmission lines and 196,951.2 kilometers of distribution lines.
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