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

Hsbc Holdings PLC purchased a new stake in shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 78,711 shares of the utilities provider’s stock, valued at approximately $667,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC grew its position in Companhia Paranaense de Energia – COPEL by 3.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 35,252 shares of the utilities provider’s stock worth $309,000 after purchasing an additional 1,144 shares during the period. First Trust Direct Indexing L.P. boosted its stake in shares of Companhia Paranaense de Energia – COPEL by 5.8% in the 4th quarter. First Trust Direct Indexing L.P. now owns 25,389 shares of the utilities provider’s stock worth $215,000 after buying an additional 1,386 shares during the last quarter. Signaturefd LLC grew its holdings 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 period. Blue Trust Inc. increased its position in Companhia Paranaense de Energia – COPEL by 44.9% during the fourth quarter. Blue Trust Inc. now owns 9,153 shares of the utilities provider’s stock valued at $80,000 after acquiring an additional 2,835 shares during the last quarter. Finally, Clear Street Markets LLC bought a new position in Companhia Paranaense de Energia – COPEL in the third quarter valued at about $32,000. 3.80% of the stock is currently owned by hedge funds and other institutional investors.

Companhia Paranaense de Energia – COPEL Stock Performance

Shares of Companhia Paranaense de Energia – COPEL stock traded up $0.20 during trading hours on Friday, reaching $7.53. 275,679 shares of the stock traded hands, compared to its average volume of 266,310. Companhia Paranaense de Energia – COPEL has a one year low of $5.59 and a one year high of $8.91. 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 company has a 50 day moving average price of $7.68 and a 200 day moving average price of $7.73.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.031 per share. 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.