Van ECK Associates Corp Lowers Holdings in Companhia Paranaense de Energia ADR Class B (ELP)

Van ECK Associates Corp trimmed its stake in Companhia Paranaense de Energia ADR Class B (NYSE:ELP) by 12.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,211 shares of the utilities provider’s stock after selling 25,258 shares during the period. Van ECK Associates Corp owned about 0.07% of Companhia Paranaense de Energia ADR Class B worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new stake in Companhia Paranaense de Energia ADR Class B in the 2nd quarter valued at about $180,000. Premier Fund Managers Ltd boosted its position in Companhia Paranaense de Energia ADR Class B by 112.8% in the 2nd quarter. Premier Fund Managers Ltd now owns 383,000 shares of the utilities provider’s stock valued at $2,118,000 after buying an additional 203,000 shares during the period. Letko Brosseau & Associates Inc. boosted its position in Companhia Paranaense de Energia ADR Class B by 7.5% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 5,302,124 shares of the utilities provider’s stock valued at $29,586,000 after buying an additional 370,100 shares during the period. FMR LLC boosted its position in Companhia Paranaense de Energia ADR Class B by 3.6% in the 2nd quarter. FMR LLC now owns 7,454,971 shares of the utilities provider’s stock valued at $41,599,000 after buying an additional 258,844 shares during the period. Finally, United Services Automobile Association boosted its position in Companhia Paranaense de Energia ADR Class B by 2,141.4% in the 2nd quarter. United Services Automobile Association now owns 507,691 shares of the utilities provider’s stock valued at $84,800,000 after buying an additional 485,040 shares during the period. 1.31% of the stock is owned by institutional investors.

NYSE:ELP opened at $4.87 on Friday. Companhia Paranaense de Energia ADR Class B has a one year low of $4.70 and a one year high of $9.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.79 and a quick ratio of 0.77. The stock has a market capitalization of $1.35 billion, a PE ratio of 3.89 and a beta of 1.21.

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

Separately, ValuEngine lowered shares of Companhia Paranaense de Energia ADR Class B from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd.

Companhia Paranaense de Energia ADR Class B 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 ParanĂ¡, 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.

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

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