Companhia Paranaense de Energia – COPEL (NYSE:ELP) Trading Down 2.6%

Companhia Paranaense de Energia – COPEL (NYSE:ELPGet Rating) was down 2.6% during trading on Friday . The company traded as low as $7.15 and last traded at $7.15. Approximately 3,907 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 473,475 shares. The stock had previously closed at $7.34.

Companhia Paranaense de Energia – COPEL Trading Down 2.2 %

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.32 and a current ratio of 1.34. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 22.44 and a beta of 0.70. The company’s fifty day moving average is $7.15 and its two-hundred day moving average is $6.75.

Institutional Investors Weigh In On Companhia Paranaense de Energia – COPEL

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. acquired a new position in shares of Companhia Paranaense de Energia – COPEL in the 3rd quarter valued at about $26,000. UBS Group AG lifted its holdings in Companhia Paranaense de Energia – COPEL by 2,558.9% in the third quarter. UBS Group AG now owns 5,557 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 5,348 shares during the period. Quantbot Technologies LP purchased a new stake in Companhia Paranaense de Energia – COPEL in the 1st quarter worth approximately $46,000. Royal Bank of Canada grew its stake in shares of Companhia Paranaense de Energia – COPEL by 66.1% during the 3rd quarter. Royal Bank of Canada now owns 7,964 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 3,169 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 319.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 8,725 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 6,646 shares in the last quarter. 4.50% of the stock is owned by institutional investors and hedge funds.

About Companhia Paranaense de Energia – COPEL

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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 ParanĂ¡, Brazil. The company operates through Power generation and transmission, Power distribution, Gas, and Power sale segments.

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