Letko Brosseau & Associates Inc. Raises Holdings in Companhia Paranaense de Energia (COPEL) (NYSE:ELP)

Letko Brosseau & Associates Inc. raised its stake in shares of Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Free Report) by 2.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,714,721 shares of the utilities provider's stock after buying an additional 190,026 shares during the quarter. Letko Brosseau & Associates Inc. owned about 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 hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in shares of Companhia Paranaense de Energia (COPEL) during the fourth quarter valued at approximately $74,000. Russell Investments Group Ltd. purchased a new stake in shares of Companhia Paranaense de Energia (COPEL) during the fourth quarter valued at $190,000. Renaissance Technologies LLC boosted its position in Companhia Paranaense de Energia (COPEL) by 100.8% in the fourth quarter. Renaissance Technologies LLC now owns 131,900 shares of the utilities provider's stock worth $782,000 after purchasing an additional 66,200 shares during the last quarter. Walleye Capital LLC boosted its position in Companhia Paranaense de Energia (COPEL) by 310.1% in the fourth quarter. Walleye Capital LLC now owns 74,142 shares of the utilities provider's stock worth $440,000 after purchasing an additional 56,062 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Companhia Paranaense de Energia (COPEL) by 1,056.3% in the fourth quarter. Marshall Wace LLP now owns 139,551 shares of the utilities provider's stock worth $828,000 after purchasing an additional 127,482 shares during the last quarter. Hedge funds and other institutional investors own 3.80% of the company's stock.

Companhia Paranaense de Energia (COPEL) Price Performance

ELP traded up $0.14 on Friday, hitting $8.68. 240,186 shares of the company's stock traded hands, compared to its average volume of 258,981. The company's 50 day simple moving average is $8.82 and its 200-day simple moving average is $7.83. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 51.06, a P/E/G ratio of 7.00 and a beta of 0.77. Companhia Paranaense de Energia has a one year low of $5.72 and a one 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.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) last announced its earnings results on Friday, May 9th. The utilities provider reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.12). The company had revenue of $856.71 million during the quarter, compared to analysts' expectations of $4.97 billion. Companhia Paranaense de Energia (COPEL) had a return on equity of 11.17% and a net margin of 12.67%. As a group, research analysts anticipate that Companhia Paranaense de Energia will post 0.12 EPS for the current year.

Companhia Paranaense de Energia (COPEL) 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.