Fmr LLC Grows Position in Companhia Paranaense de Energia (COPEL) (ELP)

Fmr LLC increased its position in shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP) by 20.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,812,157 shares of the utilities provider’s stock after purchasing an additional 1,000,660 shares during the period. Fmr LLC owned approximately 2.12% of Companhia Paranaense de Energia (COPEL) worth $42,661,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Morgan Stanley raised its holdings in Companhia Paranaense de Energia (COPEL) by 380.3% in the 1st quarter. Morgan Stanley now owns 391,695 shares of the utilities provider’s stock valued at $4,038,000 after acquiring an additional 310,145 shares in the last quarter. Bienville Capital Management LLC raised its holdings in Companhia Paranaense de Energia (COPEL) by 115.9% in the 2nd quarter. Bienville Capital Management LLC now owns 506,284 shares of the utilities provider’s stock valued at $3,732,000 after acquiring an additional 271,748 shares in the last quarter. Letko Brosseau & Associates Inc. raised its holdings in Companhia Paranaense de Energia (COPEL) by 5.3% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 3,921,114 shares of the utilities provider’s stock valued at $28,781,000 after acquiring an additional 198,315 shares in the last quarter. Bank of America Corp DE raised its holdings in Companhia Paranaense de Energia (COPEL) by 219.6% in the 1st quarter. Bank of America Corp DE now owns 138,043 shares of the utilities provider’s stock valued at $1,423,000 after acquiring an additional 94,857 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Companhia Paranaense de Energia (COPEL) by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,382,819 shares of the utilities provider’s stock valued at $17,490,000 after acquiring an additional 91,014 shares in the last quarter. 2.13% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the company. Citigroup Inc. raised Companhia Paranaense de Energia (COPEL) from a “neutral” rating to a “buy” rating in a report on Monday, August 14th. BidaskClub cut Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, HSBC Holdings plc cut Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th.

Companhia Paranaense de Energia (NYSE ELP) opened at 8.63 on Wednesday. The firm has a market capitalization of $2.36 billion, a PE ratio of 19.66 and a beta of 1.65. Companhia Paranaense de Energia has a one year low of $7.15 and a one year high of $11.94. The firm has a 50-day moving average price of $9.21 and a 200 day moving average price of $8.75.

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About Companhia Paranaense de Energia (COPEL)

Companhia Paranaense de Energia is engaged in the generation, transmission, distribution and sale of electricity in the Brazilian State of Parana. The Company also provides telecommunications and other services. Its segments are Power generation and transmission (GET), Power distribution and sales (DIS), Telecommunications (TEL), GAS and Holding Company (HOL).

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

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