BidaskClub cut shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP) from a buy rating to a hold rating in a research note published on Friday.
A number of other brokerages have also recently weighed in on ELP. ValuEngine upgraded shares of Companhia Paranaense de Energia (COPEL) from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. HSBC Holdings plc cut shares of Companhia Paranaense de Energia (COPEL) from a buy rating to a hold rating in a research report on Tuesday, August 8th.
Shares of Companhia Paranaense de Energia (ELP) opened at 9.10 on Friday. Companhia Paranaense de Energia has a 52-week low of $7.15 and a 52-week high of $11.94. The firm has a 50-day moving average of $8.09 and a 200 day moving average of $9.21. The stock has a market capitalization of $2.49 billion, a PE ratio of 6.31 and a beta of 1.62.
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Large investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in shares of Companhia Paranaense de Energia (COPEL) by 20.8% in the second quarter. FMR LLC now owns 5,812,157 shares of the utilities provider’s stock worth $42,661,000 after buying an additional 1,000,660 shares in the last quarter. Letko Brosseau & Associates Inc. raised its position in Companhia Paranaense de Energia (COPEL) by 5.3% in the second quarter. Letko Brosseau & Associates Inc. now owns 3,921,114 shares of the utilities provider’s stock valued at $28,781,000 after buying an additional 198,315 shares during the last quarter. Schroder Investment Management Group raised its position in Companhia Paranaense de Energia (COPEL) by 9.0% in the first quarter. Schroder Investment Management Group now owns 2,920,592 shares of the utilities provider’s stock valued at $29,703,000 after buying an additional 242,300 shares during the last quarter. Vanguard Group Inc. raised its position in Companhia Paranaense de Energia (COPEL) by 4.0% in the second quarter. Vanguard Group Inc. now owns 2,382,819 shares of the utilities provider’s stock valued at $17,490,000 after buying an additional 91,014 shares during the last quarter. Finally, Brandes Investment Partners LP raised its position in Companhia Paranaense de Energia (COPEL) by 4.5% in the second quarter. Brandes Investment Partners LP now owns 1,438,300 shares of the utilities provider’s stock valued at $10,557,000 after buying an additional 61,682 shares during the last quarter. Institutional investors and hedge funds own 3.60% of the company’s stock.
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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