First Affirmative Financial Network Invests $64,000 in Companhia Paranaense de Energia – COPEL (NYSE:ELP)

First Affirmative Financial Network purchased a new position in shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,861 shares of the utilities provider’s stock, valued at approximately $64,000.

A number of other hedge funds have also recently added to or reduced their stakes in ELP. Robeco Institutional Asset Management B.V. grew its stake in shares of Companhia Paranaense de Energia – COPEL by 20.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,550,046 shares of the utilities provider’s stock valued at $11,532,000 after purchasing an additional 258,198 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Companhia Paranaense de Energia – COPEL by 456.9% during the third quarter. Jane Street Group LLC now owns 209,228 shares of the utilities provider’s stock valued at $1,557,000 after acquiring an additional 171,658 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Companhia Paranaense de Energia – COPEL in the third quarter worth about $514,000. Marshall Wace LLP bought a new position in shares of Companhia Paranaense de Energia – COPEL in the 2nd quarter valued at about $281,000. Finally, Trium Capital LLP raised its stake in shares of Companhia Paranaense de Energia – COPEL by 36.0% during the third quarter. Trium Capital LLP now owns 130,919 shares of the utilities provider’s stock worth $974,000 after buying an additional 34,643 shares during the last quarter. Institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Stock Performance

Shares of Companhia Paranaense de Energia – COPEL stock opened at $6.72 on Friday. Companhia Paranaense de Energia – COPEL has a 52 week low of $5.72 and a 52 week high of $8.51. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average of $6.17 and a two-hundred day moving average of $6.87.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. The company had revenue of $1.03 billion during the quarter. As a group, equities research analysts forecast that Companhia Paranaense de Energia – COPEL will post 0.12 earnings per share for the current year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a dividend of $0.1441 per share. The ex-dividend date of this dividend was Friday, December 13th.

Companhia Paranaense de Energia – COPEL Company Profile

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, Power Sale, and Gas segments.