Bank of New York Mellon Corp Grows Position in Companhia Paranaense de Energia (NYSE:ELP)

Bank of New York Mellon Corp lifted its stake in Companhia Paranaense de Energia (NYSE:ELP) by 15.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,610,929 shares of the utilities provider’s stock after purchasing an additional 217,427 shares during the quarter. Bank of New York Mellon Corp owned 0.59% of Companhia Paranaense de Energia worth $14,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Companhia Paranaense de Energia by 660.5% in the second quarter. JPMorgan Chase & Co. now owns 67,643 shares of the utilities provider’s stock worth $496,000 after purchasing an additional 58,749 shares in the last quarter. Vanguard Group Inc. increased its holdings in Companhia Paranaense de Energia by 4.0% in the second quarter. Vanguard Group Inc. now owns 2,382,819 shares of the utilities provider’s stock worth $17,490,000 after buying an additional 91,014 shares during the last quarter. Bienville Capital Management LLC increased its holdings in Companhia Paranaense de Energia by 115.9% in the second quarter. Bienville Capital Management LLC now owns 506,284 shares of the utilities provider’s stock worth $3,732,000 after buying an additional 271,748 shares during the last quarter. Numeric Investors LLC increased its holdings in Companhia Paranaense de Energia by 25.7% in the second quarter. Numeric Investors LLC now owns 793,077 shares of the utilities provider’s stock worth $5,821,000 after buying an additional 162,300 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Companhia Paranaense de Energia by 55.0% in the second quarter. Goldman Sachs Group Inc. now owns 112,697 shares of the utilities provider’s stock worth $827,000 after buying an additional 39,994 shares during the last quarter. 1.96% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine upgraded Companhia Paranaense de Energia from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st.

Companhia Paranaense de Energia (NYSE:ELP) traded down $0.18 during trading hours on Friday, reaching $7.29. The company had a trading volume of 418,493 shares, compared to its average volume of 381,933. Companhia Paranaense de Energia has a 12-month low of $6.70 and a 12-month high of $11.43. The firm has a market capitalization of $1,840.00, a P/E ratio of 7.52 and a beta of 1.53. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 0.39.

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About Companhia Paranaense de Energia

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 (NYSE:ELP)

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