Hsbc Holdings PLC Invests $667,000 in Companhia Paranaense de Energia – COPEL (NYSE:ELP)

Hsbc Holdings PLC purchased a new stake in Companhia Paranaense de Energia – COPEL (NYSE:ELP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 78,711 shares of the utilities provider’s stock, valued at approximately $667,000.

Other large investors have also added to or reduced their stakes in the company. Clear Street Markets LLC acquired a new stake in Companhia Paranaense de Energia – COPEL during the third quarter worth about $32,000. Blue Trust Inc. boosted its position in shares of Companhia Paranaense de Energia – COPEL by 44.9% during the 4th 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 in the last quarter. Signaturefd LLC increased its stake in 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 valued at $82,000 after acquiring an additional 1,809 shares during the last quarter. Wrapmanager Inc. acquired a new position in Companhia Paranaense de Energia – COPEL during the fourth quarter valued at approximately $91,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Companhia Paranaense de Energia – COPEL during the fourth quarter worth $98,000. Institutional investors and hedge funds own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Trading Up 2.7 %

Shares of ELP stock traded up $0.20 during trading hours on Friday, reaching $7.53. The company’s stock had a trading volume of 275,679 shares, compared to its average volume of 266,310. The company has a current ratio of 1.47, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Companhia Paranaense de Energia – COPEL has a fifty-two week low of $5.59 and a fifty-two week high of $8.91. The firm’s 50 day simple moving average is $7.68 and its 200-day simple moving average is $7.73.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently announced a Variable dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, May 3rd will be issued a $0.031 dividend. The ex-dividend date of this dividend is Thursday, May 2nd.

Companhia Paranaense de Energia – COPEL Company 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.