Wrapmanager Inc. Purchases Shares of 10,721 Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Wrapmanager Inc. purchased a new stake in Companhia Paranaense de Energia – COPEL (NYSE:ELP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,721 shares of the utilities provider’s stock, valued at approximately $91,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clear Street Markets LLC bought a new position in shares of Companhia Paranaense de Energia – COPEL in the third quarter worth about $32,000. Blue Trust Inc. raised its stake in shares of Companhia Paranaense de Energia – COPEL by 44.9% in the fourth quarter. Blue Trust Inc. now owns 9,153 shares of the utilities provider’s stock worth $80,000 after acquiring an additional 2,835 shares during the last quarter. Signaturefd LLC raised its stake in shares of Companhia Paranaense de Energia – COPEL by 23.8% in the third quarter. Signaturefd LLC now owns 9,394 shares of the utilities provider’s stock worth $82,000 after acquiring an additional 1,809 shares during the last quarter. Profund Advisors LLC bought a new position in shares of Companhia Paranaense de Energia – COPEL in the third quarter worth about $103,000. Finally, Alpine Global Management LLC bought a new stake in shares of Companhia Paranaense de Energia – COPEL during the third quarter worth approximately $148,000. 3.80% of the stock is currently owned by institutional investors and hedge funds.

Companhia Paranaense de Energia – COPEL Price Performance

Shares of ELP traded down $0.09 on Friday, reaching $7.06. 238,602 shares of the company’s stock were exchanged, compared to its average volume of 400,711. The company has a current ratio of 1.47, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $7.61 and a two-hundred day moving average price of $7.75. Companhia Paranaense de Energia – COPEL has a 12 month low of $5.59 and a 12 month high of $8.91.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Monday, July 8th. Investors of record on Friday, May 3rd will be paid a dividend of $0.031 per share. The ex-dividend date is Thursday, May 2nd.

Companhia Paranaense de Energia – COPEL 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.