Van ECK Associates Corp trimmed its stake in Companhia Paranaense de Energia – COPEL (NYSE:ELP – Free Report) by 70.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 79,893 shares of the utilities provider’s stock after selling 186,895 shares during the quarter. Van ECK Associates Corp’s holdings in Companhia Paranaense de Energia – COPEL were worth $550,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in ELP. Tidal Investments LLC lifted its position in shares of Companhia Paranaense de Energia – COPEL by 2.4% during the first quarter. Tidal Investments LLC now owns 59,189 shares of the utilities provider’s stock valued at $457,000 after buying an additional 1,398 shares during the last quarter. Blue Trust Inc. boosted its stake in Companhia Paranaense de Energia – COPEL by 205.3% in the second quarter. Blue Trust Inc. now owns 17,729 shares of the utilities provider’s stock valued at $119,000 after acquiring an additional 11,922 shares in the last quarter. Signaturefd LLC grew its holdings in Companhia Paranaense de Energia – COPEL by 41.1% in the second quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 3,341 shares during the last quarter. Trium Capital LLP increased its position in shares of Companhia Paranaense de Energia – COPEL by 37.5% during the second quarter. Trium Capital LLP now owns 96,276 shares of the utilities provider’s stock worth $644,000 after purchasing an additional 26,277 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Companhia Paranaense de Energia – COPEL by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 52,256 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 4,667 shares during the last quarter. 3.80% of the stock is currently owned by hedge funds and other institutional investors.
Companhia Paranaense de Energia – COPEL Stock Down 0.6 %
Shares of ELP stock opened at $6.48 on Wednesday. The stock’s fifty day moving average price is $7.21 and its 200 day moving average price is $7.23. Companhia Paranaense de Energia – COPEL has a 1-year low of $6.43 and a 1-year high of $8.91. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.55 and a current ratio of 1.57.
Companhia Paranaense de Energia – COPEL Cuts Dividend
The business also recently declared a Variable dividend, which will be paid on Monday, December 9th. Shareholders of record on Wednesday, October 2nd will be issued a $0.0705 dividend. The ex-dividend date is Wednesday, October 2nd.
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.
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