PNC Financial Services Group Inc. trimmed its holdings in Companhia Paranaense de Energia (COPEL) (NYSE:ELP) by 16.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,085 shares of the utilities provider’s stock after selling 18,870 shares during the period. PNC Financial Services Group Inc.’s holdings in Companhia Paranaense de Energia (COPEL) were worth $691,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ELP. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Companhia Paranaense de Energia (COPEL) by 165.6% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,275 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 8,900 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of Companhia Paranaense de Energia (COPEL) in the 2nd quarter valued at approximately $135,000. Ameriprise Financial Inc. raised its position in shares of Companhia Paranaense de Energia (COPEL) by 50.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 18,449 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 6,170 shares in the last quarter. Greenleaf Trust raised its position in shares of Companhia Paranaense de Energia (COPEL) by 62.4% in the 2nd quarter. Greenleaf Trust now owns 32,829 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 12,620 shares in the last quarter. Finally, Airain ltd acquired a new position in shares of Companhia Paranaense de Energia (COPEL) in the 2nd quarter valued at approximately $320,000. 2.13% of the stock is currently owned by institutional investors.

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ELP has been the topic of a number of recent analyst reports. BidaskClub lowered Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. HSBC Holdings plc lowered Companhia Paranaense de Energia (COPEL) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Citigroup Inc. raised Companhia Paranaense de Energia (COPEL) from a “neutral” rating to a “buy” rating in a research report on Monday, August 14th.

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).

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

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