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

Other large investors also recently modified their holdings of the company. Virtu KCG Holdings LLC bought a new stake in Companhia Paranaense de Energia during the 2nd quarter worth about $130,000. Stevens Capital Management LP bought a new stake in Companhia Paranaense de Energia during the 2nd quarter worth about $135,000. Ameriprise Financial Inc. grew its holdings in Companhia Paranaense de Energia by 50.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 18,449 shares of the utilities provider’s stock worth $141,000 after acquiring an additional 6,170 shares during the last quarter. Verition Fund Management LLC bought a new stake in Companhia Paranaense de Energia during the 2nd quarter worth about $159,000. Finally, BT Investment Management Ltd bought a new stake in Companhia Paranaense de Energia during the 3rd quarter worth about $212,000. 1.96% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine raised shares of Companhia Paranaense de Energia from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st.

Companhia Paranaense de Energia (NYSE ELP) opened at $6.96 on Thursday. The stock has a market cap of $1,860.85, a PE ratio of 6.87 and a beta of 1.52. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.81 and a quick ratio of 0.79. Companhia Paranaense de Energia has a one year low of $6.70 and a one year high of $11.43.

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Companhia Paranaense de Energia 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).

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

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