BT Investment Management Ltd Invests $212,000 in Companhia Paranaense de Energia (COPEL) (ELP)

BT Investment Management Ltd bought a new position in shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,968 shares of the utilities provider’s stock, valued at approximately $212,000.

Several other hedge funds also recently made changes to their positions in ELP. Vanguard Group Inc. lifted its position in shares of Companhia Paranaense de Energia (COPEL) by 3.1% during the first quarter. Vanguard Group Inc. now owns 2,291,805 shares of the utilities provider’s stock worth $23,629,000 after purchasing an additional 68,607 shares in the last quarter. UBS Group AG lifted its position in shares of Companhia Paranaense de Energia (COPEL) by 26.0% during the first quarter. UBS Group AG now owns 97,609 shares of the utilities provider’s stock worth $1,006,000 after purchasing an additional 20,148 shares in the last quarter. Morgan Stanley lifted its position in shares of Companhia Paranaense de Energia (COPEL) by 380.3% during the first quarter. Morgan Stanley now owns 391,695 shares of the utilities provider’s stock worth $4,038,000 after purchasing an additional 310,145 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Companhia Paranaense de Energia (COPEL) by 219.6% during the first quarter. Bank of America Corp DE now owns 138,043 shares of the utilities provider’s stock worth $1,423,000 after purchasing an additional 94,857 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Companhia Paranaense de Energia (COPEL) by 2.7% during the first quarter. AQR Capital Management LLC now owns 311,180 shares of the utilities provider’s stock worth $3,208,000 after purchasing an additional 8,148 shares in the last quarter. Institutional investors own 2.27% of the company’s stock.

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Shares of Companhia Paranaense de Energia (NYSE ELP) opened at $7.30 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.81. The firm has a market cap of $2,016.84, a P/E ratio of 16.38 and a beta of 1.58. Companhia Paranaense de Energia has a 12 month low of $7.15 and a 12 month high of $11.43.

ELP has been the subject of a number of recent research reports. HSBC Holdings plc downgraded shares of Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub raised shares of Companhia Paranaense de Energia (COPEL) from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Finally, Citigroup Inc. raised shares of Companhia Paranaense de Energia (COPEL) from a “neutral” rating to a “buy” rating in a research note on Monday, August 14th.

Companhia Paranaense de Energia (COPEL) Company Profile

Companhia Paranaense de Energia is engaged in the generation, transmission, distribution and sale of electricity in the Brazilian State of Parana. The Company also provides telecommunications and other services. Its segments are Power generation and transmission (GET), Power distribution and sales (DIS), Telecommunications (TEL), GAS and Holding Company (HOL).

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

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