13,844 Shares in Companhia Paranaense de Energia (NYSE:ELP) Purchased by Trexquant Investment LP

Trexquant Investment LP acquired a new position in Companhia Paranaense de Energia (NYSE:ELP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,844 shares of the utilities provider’s stock, valued at approximately $176,000.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its holdings in shares of Companhia Paranaense de Energia by 4,778.8% in the first quarter. US Bancorp DE now owns 77,817 shares of the utilities provider’s stock worth $723,000 after purchasing an additional 76,222 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Companhia Paranaense de Energia by 114.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 192,324 shares of the utilities provider’s stock valued at $1,785,000 after purchasing an additional 102,824 shares in the last quarter. Acadian Asset Management LLC raised its stake in Companhia Paranaense de Energia by 279.1% in the first quarter. Acadian Asset Management LLC now owns 110,070 shares of the utilities provider’s stock valued at $1,021,000 after purchasing an additional 81,035 shares in the last quarter. Marshall Wace LLP raised its stake in Companhia Paranaense de Energia by 227.9% in the first quarter. Marshall Wace LLP now owns 592,357 shares of the utilities provider’s stock valued at $5,498,000 after purchasing an additional 411,690 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in Companhia Paranaense de Energia during the first quarter valued at approximately $395,000. 1.23% of the stock is currently owned by institutional investors and hedge funds.

ELP has been the subject of a number of research reports. Bank of America raised shares of Companhia Paranaense de Energia from an “underperform” rating to a “neutral” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. upgraded shares of Companhia Paranaense de Energia from a “neutral” rating to an “overweight” rating in a research report on Monday, August 26th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold”.



ELP traded down $0.25 during trading on Tuesday, reaching $11.94. The stock had a trading volume of 4,460 shares, compared to its average volume of 523,890. The business has a 50-day moving average of $12.67 and a 200-day moving average of $11.35. Companhia Paranaense de Energia has a one year low of $4.76 and a one year high of $13.73. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.14 and a current ratio of 1.16. The stock has a market cap of $3.50 billion, a PE ratio of 8.84, a PEG ratio of 1.07 and a beta of 0.50.

Companhia Paranaense de Energia (NYSE:ELP) last issued its quarterly earnings results on Wednesday, August 14th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. Companhia Paranaense de Energia had a return on equity of 9.34% and a net margin of 10.16%. The firm had revenue of $935.04 million during the quarter. Equities research analysts forecast that Companhia Paranaense de Energia will post 1.56 EPS for the current fiscal year.

Companhia Paranaense de Energia Company Profile

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

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