Quadrant Capital Group LLC Sells 5,122 Shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Quadrant Capital Group LLC decreased its holdings in Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 17.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,564 shares of the utilities provider’s stock after selling 5,122 shares during the quarter. Quadrant Capital Group LLC’s holdings in Companhia Paranaense de Energia – COPEL were worth $140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ELP. R Squared Ltd acquired a new stake in Companhia Paranaense de Energia – COPEL in the 4th quarter worth about $31,000. PNC Financial Services Group Inc. increased its position in shares of Companhia Paranaense de Energia – COPEL by 78.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 3,849 shares during the period. First Affirmative Financial Network purchased a new stake in shares of Companhia Paranaense de Energia – COPEL during the fourth quarter worth $64,000. JPMorgan Chase & Co. acquired a new position in shares of Companhia Paranaense de Energia – COPEL during the fourth quarter worth $74,000. Finally, Ballentine Partners LLC grew its stake in shares of Companhia Paranaense de Energia – COPEL by 18.3% during the fourth quarter. Ballentine Partners LLC now owns 20,268 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 3,140 shares in the last quarter. Hedge funds and other institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Stock Performance

NYSE ELP opened at $7.29 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. Companhia Paranaense de Energia – COPEL has a 1 year low of $5.72 and a 1 year high of $8.01. The company has a market capitalization of $3.99 billion, a PE ratio of 42.88 and a beta of 0.71. The company has a fifty day moving average of $7.08 and a two-hundred day moving average of $6.72.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its earnings results on Friday, February 28th. The utilities provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $657.55 million. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. As a group, analysts expect that Companhia Paranaense de Energia – COPEL will post 0.12 earnings per share for the current year.

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.