Companhia Paranaense de Energia ADR (ELP) Shares Bought by Millennium Management LLC

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Millennium Management LLC boosted its position in shares of Companhia Paranaense de Energia ADR (NYSE:ELP) by 883.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,848 shares of the utilities provider’s stock after acquiring an additional 131,910 shares during the period. Millennium Management LLC owned 0.05% of Companhia Paranaense de Energia worth $819,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its position in Companhia Paranaense de Energia by 3.6% during the 2nd quarter. FMR LLC now owns 7,454,971 shares of the utilities provider’s stock worth $41,599,000 after acquiring an additional 258,844 shares during the last quarter. Letko Brosseau & Associates Inc. lifted its position in Companhia Paranaense de Energia by 7.5% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 5,302,124 shares of the utilities provider’s stock worth $29,586,000 after acquiring an additional 370,100 shares during the last quarter. United Services Automobile Association lifted its position in Companhia Paranaense de Energia by 2,141.4% during the 2nd quarter. United Services Automobile Association now owns 507,691 shares of the utilities provider’s stock worth $84,800,000 after acquiring an additional 485,040 shares during the last quarter. Bank of America Corp DE lifted its position in Companhia Paranaense de Energia by 1,955.7% during the 2nd quarter. Bank of America Corp DE now owns 390,605 shares of the utilities provider’s stock worth $2,180,000 after acquiring an additional 371,604 shares during the last quarter. Finally, Premier Fund Managers Ltd lifted its position in Companhia Paranaense de Energia by 112.8% during the 2nd quarter. Premier Fund Managers Ltd now owns 383,000 shares of the utilities provider’s stock worth $2,118,000 after acquiring an additional 203,000 shares during the last quarter. 1.14% of the stock is owned by hedge funds and other institutional investors.

NYSE:ELP opened at $7.35 on Wednesday. Companhia Paranaense de Energia ADR has a 52-week low of $4.70 and a 52-week high of $8.46. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1.99 billion, a PE ratio of 5.74 and a beta of 0.50.

Companhia Paranaense de Energia (NYSE:ELP) last posted its quarterly earnings data on Wednesday, August 15th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter. Companhia Paranaense de Energia had a net margin of 8.03% and a return on equity of 7.32%. The company had revenue of $1 billion for the quarter.

Separately, ValuEngine raised shares of Companhia Paranaense de Energia from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st.

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Companhia Paranaense de Energia Profile

Companhia Paranaense de Energia – COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. As of December 31, 2017, the company operated 17 hydroelectric plants, 12 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,024.0 megawatts; and owned and operated 2,698.3 kilometers of transmission lines and 196,951.2 kilometers of distribution lines.

Further Reading: Google Finance

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

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