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

Letko Brosseau & Associates Inc. grew its position in shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,524,995 shares of the utilities provider’s stock after purchasing an additional 13,550 shares during the period. Letko Brosseau & Associates Inc. owned approximately 1.01% of Companhia Paranaense de Energia – COPEL worth $36,962,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ELP. Creekmur Asset Management LLC bought a new stake in Companhia Paranaense de Energia – COPEL during the fourth quarter valued at $33,000. Signaturefd LLC grew its holdings in shares of Companhia Paranaense de Energia – COPEL by 41.1% during the second quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 3,341 shares in the last quarter. Wrapmanager Inc. purchased a new position in shares of Companhia Paranaense de Energia – COPEL during the fourth quarter worth about $91,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Companhia Paranaense de Energia – COPEL in the fourth quarter worth approximately $98,000. Finally, Blue Trust Inc. raised its stake in Companhia Paranaense de Energia – COPEL by 205.3% in the second quarter. Blue Trust Inc. now owns 17,729 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 11,922 shares in the last quarter. Institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Stock Performance

ELP stock traded down $0.11 during midday trading on Friday, reaching $7.73. The company had a trading volume of 123,617 shares, compared to its average volume of 296,315. The firm has a 50-day moving average price of $7.38 and a 200-day moving average price of $7.43. Companhia Paranaense de Energia – COPEL has a 1 year low of $6.10 and a 1 year high of $8.91. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.57 and a quick ratio of 1.55.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its earnings results on Thursday, August 8th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $1.05 billion during the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 10.87% and a return on equity of 9.07%. On average, research analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.13 EPS for the current fiscal 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.