Envestnet Asset Management Inc. Reduces Holdings in Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Envestnet Asset Management Inc. cut its stake in Companhia Paranaense de Energia – COPEL (NYSE:ELPGet Rating) by 11.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,062 shares of the utilities provider’s stock after selling 20,250 shares during the period. Envestnet Asset Management Inc.’s holdings in Companhia Paranaense de Energia – COPEL were worth $961,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Companhia Paranaense de Energia – COPEL by 0.9% in the 1st quarter. BlackRock Inc. now owns 6,160,291 shares of the utilities provider’s stock worth $48,173,000 after acquiring an additional 53,347 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Companhia Paranaense de Energia – COPEL by 1,268.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,216,635 shares of the utilities provider’s stock worth $9,514,000 after purchasing an additional 1,127,704 shares during the period. Banco BTG Pactual S.A. raised its position in Companhia Paranaense de Energia – COPEL by 32.9% during the 1st quarter. Banco BTG Pactual S.A. now owns 936,100 shares of the utilities provider’s stock valued at $7,320,000 after purchasing an additional 232,000 shares in the last quarter. Acadian Asset Management LLC raised its position in Companhia Paranaense de Energia – COPEL by 85.3% during the 1st quarter. Acadian Asset Management LLC now owns 610,774 shares of the utilities provider’s stock valued at $4,775,000 after purchasing an additional 281,082 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Companhia Paranaense de Energia – COPEL by 156.6% in the 1st quarter. JPMorgan Chase & Co. now owns 467,458 shares of the utilities provider’s stock worth $3,656,000 after buying an additional 285,254 shares during the period. Institutional investors own 4.66% of the company’s stock.

Companhia Paranaense de Energia – COPEL Price Performance

ELP opened at $7.33 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.32 and a debt-to-equity ratio of 0.49. The business’s fifty day simple moving average is $6.68 and its 200-day simple moving average is $6.69. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 22.91 and a beta of 0.67. Companhia Paranaense de Energia – COPEL has a 12-month low of $5.17 and a 12-month high of $8.25.

Companhia Paranaense de Energia – COPEL Profile

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Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and trading of energy to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. The company operates through Power generation and transmission, Power distribution, Gas, and Power sale segments.

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

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