Letko Brosseau & Associates Inc. Has $38.69 Million Holdings in Companhia Paranaense de Energia - COPEL (NYSE:ELP)

Letko Brosseau & Associates Inc. boosted its stake in shares of Companhia Paranaense de Energia - COPEL (NYSE:ELP - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,524,695 shares of the utilities provider's stock after acquiring an additional 48,550 shares during the quarter. Letko Brosseau & Associates Inc. owned approximately 1.19% of Companhia Paranaense de Energia - COPEL worth $38,691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in shares of Companhia Paranaense de Energia - COPEL during the fourth quarter valued at approximately $31,000. PNC Financial Services Group Inc. lifted its holdings in Companhia Paranaense de Energia - COPEL by 78.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider's stock worth $52,000 after buying an additional 3,849 shares in the last quarter. First Affirmative Financial Network bought a new position in Companhia Paranaense de Energia - COPEL in the 4th quarter valued at $64,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Companhia Paranaense de Energia - COPEL in the 4th quarter valued at $68,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Companhia Paranaense de Energia - COPEL during the fourth quarter worth $74,000. Institutional investors and hedge funds own 3.80% of the company's stock.

Companhia Paranaense de Energia - COPEL Stock Performance

Shares of ELP remained flat at $8.71 during trading hours on Thursday. The stock had a trading volume of 176,263 shares, compared to its average volume of 247,057. The firm has a fifty day simple moving average of $7.62 and a two-hundred day simple moving average of $6.86. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 51.24 and a beta of 0.79. Companhia Paranaense de Energia - COPEL has a twelve month low of $5.72 and a twelve month high of $9.44. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.51.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.12). The firm had revenue of $856.71 million for the quarter, compared to the consensus estimate of $4.97 billion. Companhia Paranaense de Energia - COPEL had a return on equity of 11.88% and a net margin of 14.20%. As a group, equities research analysts expect that Companhia Paranaense de Energia - COPEL will post 0.12 earnings per share for the current fiscal year.

About Companhia Paranaense de Energia - COPEL

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.