Letko Brosseau & Associates Inc. Trims Stock Position in Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC)

Key Points

• Letko Brosseau & Associates Inc. significantly reduced its stake in Companhia Paranaense de Energia - Copel Unsponsored ADR by 81.6%, selling 311,150 shares during the first quarter.
• The stock is currently trading at $7.75 with a market capitalization of $8.29 billion and a price-to-earnings ratio of 11.06.
• In its latest earnings report, Copel posted $0.15 earnings per share with total revenue of $1 billion for the quarter ending May 9th.

Letko Brosseau & Associates Inc. trimmed its position in Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Free Report) by 81.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,956 shares of the company's stock after selling 311,150 shares during the period. Letko Brosseau & Associates Inc.'s holdings in Companhia Paranaense de Energia - Copel were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

Companhia Paranaense de Energia - Copel Trading Up 1.8%

Shares of NYSE:ELPC traded up $0.14 on Friday, hitting $7.94. 2,404 shares of the company were exchanged, compared to its average volume of 7,082. Companhia Paranaense de Energia - Copel Unsponsored ADR has a 1-year low of $5.04 and a 1-year high of $8.87. The stock's 50 day moving average price is $8.14 and its 200 day moving average price is $7.12. The firm has a market capitalization of $8.50 billion, a P/E ratio of 11.34 and a beta of -0.09.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported $0.15 EPS for the quarter. The company had revenue of $1 billion for the quarter.

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, GAS, Power Sale, and Holding and Services segments.