Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Down 2.5%

Shares of Companhia Paranaense de Energia – COPEL (NYSE:ELPGet Rating) traded down 2.5% on Wednesday . The company traded as low as $7.29 and last traded at $7.31. 1,555 shares traded hands during trading, a decline of 100% from the average session volume of 969,533 shares. The stock had previously closed at $7.50.

Companhia Paranaense de Energia – COPEL Stock Down 2.3 %

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.34 and a quick ratio of 1.32. The firm has a market cap of $4.01 billion, a PE ratio of 22.91 and a beta of 0.67. The business has a fifty day moving average price of $6.68 and a two-hundred day moving average price of $6.69.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC grew its holdings in shares of Companhia Paranaense de Energia – COPEL by 67.1% during the third quarter. Jane Street Group LLC now owns 579,227 shares of the utilities provider’s stock valued at $3,475,000 after buying an additional 232,649 shares in the last quarter. State Street Corp grew its stake in Companhia Paranaense de Energia – COPEL by 6.3% in the third quarter. State Street Corp now owns 2,465,277 shares of the utilities provider’s stock valued at $14,619,000 after purchasing an additional 145,540 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Companhia Paranaense de Energia – COPEL in the third quarter valued at about $225,000. Vanguard Group Inc. grew its stake in Companhia Paranaense de Energia – COPEL by 0.5% in the third quarter. Vanguard Group Inc. now owns 3,617,375 shares of the utilities provider’s stock valued at $21,451,000 after purchasing an additional 16,941 shares in the last quarter. Finally, Banco BTG Pactual S.A. purchased a new position in Companhia Paranaense de Energia – COPEL in the third quarter valued at about $1,961,000. Hedge funds and other institutional investors own 4.66% of the company’s stock.

Companhia Paranaense de Energia – COPEL Company Profile

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

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