OMERS ADMINISTRATION Corp Reduces Holdings in Companhia Paranaense de Energia – COPEL (NYSE:ELP)

OMERS ADMINISTRATION Corp lessened its stake in Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 28.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,432 shares of the utilities provider’s stock after selling 4,600 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Companhia Paranaense de Energia – COPEL were worth $68,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Hsbc Holdings PLC increased its stake in shares of Companhia Paranaense de Energia – COPEL by 1.6% in the fourth quarter. Hsbc Holdings PLC now owns 89,438 shares of the utilities provider’s stock worth $525,000 after buying an additional 1,407 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Companhia Paranaense de Energia – COPEL by 18.3% in the fourth quarter. Ballentine Partners LLC now owns 20,268 shares of the utilities provider’s stock worth $120,000 after buying an additional 3,140 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Companhia Paranaense de Energia – COPEL by 78.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider’s stock worth $52,000 after buying an additional 3,849 shares during the last quarter. R Squared Ltd bought a new stake in shares of Companhia Paranaense de Energia – COPEL in the fourth quarter worth $31,000. Finally, Van ECK Associates Corp increased its stake in shares of Companhia Paranaense de Energia – COPEL by 7.6% in the fourth quarter. Van ECK Associates Corp now owns 85,929 shares of the utilities provider’s stock worth $510,000 after buying an additional 6,036 shares during the last quarter. Institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Stock Down 0.5%

Shares of NYSE:ELP opened at $8.80 on Wednesday. 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 company has a fifty day simple moving average of $7.77 and a 200 day simple moving average of $6.92. The firm has a market cap of $4.82 billion, a PE ratio of 51.76 and a beta of 0.79. Companhia Paranaense de Energia – COPEL has a 12-month low of $5.72 and a 12-month high of $8.86.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last issued its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). The company had revenue of $856.71 million during the quarter, compared to the consensus estimate of $4.97 billion. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. On average, equities research analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current fiscal year.

About Companhia Paranaense de Energia – COPEL

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.