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Letko Brosseau & Associates Inc. Has $49.09 Million Holdings in Companhia Paranaense de Energia (COPEL) (NYSE:ELP)

Companhia Paranaense de Energia (COPEL) logo with Utilities background

Letko Brosseau & Associates Inc. grew its position in Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Free Report) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,714,721 shares of the utilities provider's stock after purchasing an additional 190,026 shares during the period. Letko Brosseau & Associates Inc. owned approximately 1.23% of Companhia Paranaense de Energia (COPEL) worth $49,085,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Two Sigma Investments LP increased its holdings in shares of Companhia Paranaense de Energia (COPEL) by 176.6% in the 4th quarter. Two Sigma Investments LP now owns 288,065 shares of the utilities provider's stock valued at $1,708,000 after acquiring an additional 183,936 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Companhia Paranaense de Energia (COPEL) during the 4th quarter worth $218,000. Renaissance Technologies LLC lifted its holdings in shares of 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 valued at $782,000 after buying an additional 66,200 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Companhia Paranaense de Energia (COPEL) by 1,598.4% in the first quarter. GAMMA Investing LLC now owns 56,981 shares of the utilities provider's stock valued at $417,000 after buying an additional 53,626 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Companhia Paranaense de Energia (COPEL) by 59.9% during the fourth quarter. Millennium Management LLC now owns 297,678 shares of the utilities provider's stock valued at $1,765,000 after purchasing an additional 111,570 shares during the last quarter. 3.80% of the stock is owned by institutional investors and hedge funds.

Companhia Paranaense de Energia (COPEL) Trading Up 1.6%

Shares of NYSE ELP traded up $0.14 during mid-day trading on Friday, hitting $8.68. 240,186 shares of the company traded hands, compared to its average volume of 305,786. Companhia Paranaense de Energia has a 1 year low of $5.72 and a 1 year high of $9.28. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 51.06, a PEG ratio of 6.92 and a beta of 0.75. The company has a quick ratio of 1.47, a current ratio of 1.48 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average of $8.82 and a two-hundred day moving average of $7.85.

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 the consensus estimate of $0.16 by ($0.12). The company had revenue of $856.71 million for the quarter, compared to analysts' expectations of $4.97 billion. Companhia Paranaense de Energia (COPEL) had a net margin of 12.67% and a return on equity of 11.17%. On average, sell-side analysts anticipate that Companhia Paranaense de Energia will post 0.12 earnings per share for the current fiscal year.

Companhia Paranaense de Energia (COPEL) Profile

(Free Report)

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.

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

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