Letko Brosseau & Associates Inc. Purchases 190,026 Shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP)

Letko Brosseau & Associates Inc. boosted its position in Companhia Paranaense de Energia (COPEL) (NYSE:ELP) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,714,721 shares of the utilities provider’s stock after acquiring an additional 190,026 shares during the period. Letko Brosseau & Associates Inc. owned 1.23% of Companhia Paranaense de Energia (COPEL) worth $49,085,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ELP. JPMorgan Chase & Co. bought a new stake in shares of Companhia Paranaense de Energia (COPEL) during the 4th quarter valued at about $74,000. Russell Investments Group Ltd. bought a new stake in shares of Companhia Paranaense de Energia (COPEL) during the 4th quarter valued at about $190,000. Renaissance Technologies LLC boosted its stake in shares of Companhia Paranaense de Energia (COPEL) by 100.8% during the 4th quarter. Renaissance Technologies LLC now owns 131,900 shares of the utilities provider’s stock valued at $782,000 after purchasing an additional 66,200 shares in the last quarter. Walleye Capital LLC boosted its stake in shares of Companhia Paranaense de Energia (COPEL) by 310.1% during the 4th quarter. Walleye Capital LLC now owns 74,142 shares of the utilities provider’s stock valued at $440,000 after purchasing an additional 56,062 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Companhia Paranaense de Energia (COPEL) by 1,056.3% during the 4th quarter. Marshall Wace LLP now owns 139,551 shares of the utilities provider’s stock valued at $828,000 after purchasing an additional 127,482 shares in the last quarter. Institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia (COPEL) Trading Up 1.0%

Shares of ELP opened at $8.43 on Wednesday. Companhia Paranaense de Energia has a 1-year low of $5.72 and a 1-year high of $9.28. The company has a current ratio of 1.48, a quick ratio of 1.47 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $8.83 and its 200-day moving average price is $7.80. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 6.76 and a beta of 0.77.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last posted its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). Companhia Paranaense de Energia (COPEL) had a return on equity of 11.17% and a net margin of 12.67%. The business had revenue of $856.71 million for the quarter, compared to the consensus estimate of $4.97 billion. Sell-side analysts anticipate that Companhia Paranaense de Energia will post 0.12 EPS for the current year.

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.