Summit Securities Group LLC Makes New Investment in Companhia Paranaense de Energia (COPEL) $ELP

Summit Securities Group LLC bought a new position in shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP) in the first quarter, Holdings Channel.com reports. The firm bought 6,165 shares of the utilities provider’s stock, valued at approximately $45,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in Companhia Paranaense de Energia (COPEL) during the first quarter worth about $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Companhia Paranaense de Energia (COPEL) during the fourth quarter worth about $56,000. GAMMA Investing LLC boosted its position in Companhia Paranaense de Energia (COPEL) by 132.3% during the first quarter. GAMMA Investing LLC now owns 7,795 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 4,440 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Companhia Paranaense de Energia (COPEL) during the fourth quarter worth about $68,000. Finally, JPMorgan Chase & Co. bought a new position in Companhia Paranaense de Energia (COPEL) during the fourth quarter worth about $74,000. Institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia (COPEL) Price Performance

ELP stock opened at $8.90 on Monday. The firm has a 50 day moving average of $8.84 and a 200-day moving average of $8.06. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63. Companhia Paranaense de Energia has a 12 month low of $5.72 and a 12 month high of $9.34. The firm has a market capitalization of $5.30 billion, a P/E ratio of 52.35, a price-to-earnings-growth ratio of 7.21 and a beta of 0.75.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). Companhia Paranaense de Energia (COPEL) had a net margin of 12.77% and a return on equity of 11.15%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $4.72 billion. As a group, sell-side analysts predict that Companhia Paranaense de Energia will post 0.12 earnings per share 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.