Companhia Paranaense de Energia (COPEL) (ELP) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its stake in Companhia Paranaense de Energia (COPEL) (NYSE:ELP) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,963 shares of the utilities provider’s stock after selling 1,624 shares during the period. Wells Fargo & Company MN’s holdings in Companhia Paranaense de Energia (COPEL) were worth $1,009,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Greenleaf Trust increased its position in shares of Companhia Paranaense de Energia (COPEL) by 36.6% in the first quarter. Greenleaf Trust now owns 20,209 shares of the utilities provider’s stock valued at $208,000 after buying an additional 5,414 shares during the last quarter. Wetherby Asset Management Inc. acquired a new position in shares of Companhia Paranaense de Energia (COPEL) during the first quarter valued at about $138,000. Virtu Financial LLC acquired a new position in shares of Companhia Paranaense de Energia (COPEL) during the first quarter valued at about $194,000. Russell Investments Group Ltd. increased its position in shares of Companhia Paranaense de Energia (COPEL) by 173.7% in the first quarter. Russell Investments Group Ltd. now owns 119,598 shares of the utilities provider’s stock valued at $1,233,000 after buying an additional 75,898 shares during the last quarter. Finally, Numeric Investors LLC purchased a new stake in Companhia Paranaense de Energia (COPEL) during the fourth quarter valued at approximately $3,170,000. Institutional investors and hedge funds own 3.96% of the company’s stock.

Shares of Companhia Paranaense de Energia (ELP) traded down 0.48% during midday trading on Friday, hitting $8.25. The company had a trading volume of 365,742 shares. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 5.71 and a beta of 1.59. Companhia Paranaense de Energia has a one year low of $7.15 and a one year high of $11.94. The stock’s 50-day moving average price is $7.84 and its 200-day moving average price is $9.32.

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Several equities research analysts have recently commented on ELP shares. ValuEngine raised Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub cut Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd.

Companhia Paranaense de Energia (COPEL) Company Profile

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).

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

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