Letko Brosseau & Associates Inc. lessened its holdings in Companhia Paranaense de Energia (NYSE:ELP) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,624,235 shares of the utilities provider’s stock after selling 680,125 shares during the quarter. Letko Brosseau & Associates Inc. owned 1.69% of Companhia Paranaense de Energia worth $58,728,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ELP. Marshall Wace LLP boosted its holdings in shares of Companhia Paranaense de Energia by 227.9% in the 1st quarter. Marshall Wace LLP now owns 592,357 shares of the utilities provider’s stock valued at $5,498,000 after purchasing an additional 411,690 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Companhia Paranaense de Energia by 139.8% in the 4th quarter. Bank of America Corp DE now owns 184,923 shares of the utilities provider’s stock valued at $1,448,000 after acquiring an additional 107,803 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Companhia Paranaense de Energia by 12.0% in the 4th quarter. BlackRock Inc. now owns 965,416 shares of the utilities provider’s stock valued at $7,559,000 after acquiring an additional 103,574 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Companhia Paranaense de Energia by 114.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 192,324 shares of the utilities provider’s stock valued at $1,785,000 after acquiring an additional 102,824 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Companhia Paranaense de Energia by 279.1% in the 1st quarter. Acadian Asset Management LLC now owns 110,070 shares of the utilities provider’s stock valued at $1,021,000 after acquiring an additional 81,035 shares during the last quarter. 0.64% of the stock is currently owned by hedge funds and other institutional investors.

ELP has been the subject of a number of research reports. UBS Group upgraded Companhia Paranaense de Energia from a “neutral” rating to a “buy” rating in a research note on Friday, May 3rd. Bank of America upgraded Companhia Paranaense de Energia from an “underperform” rating to a “neutral” rating in a research note on Monday, July 15th. Finally, Standpoint Research cut Companhia Paranaense de Energia from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold”.

Shares of ELP traded down $0.14 during trading hours on Thursday, reaching $12.28. The stock had a trading volume of 37,208 shares, compared to its average volume of 465,012. Companhia Paranaense de Energia has a 12 month low of $4.70 and a 12 month high of $13.73. The company has a market cap of $3.49 billion, a PE ratio of 9.07, a PEG ratio of 1.07 and a beta of 0.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.99 and a quick ratio of 0.97. The stock has a 50-day moving average price of $12.84.

Companhia Paranaense de Energia (NYSE:ELP) last announced its quarterly earnings results on Wednesday, May 15th. The utilities provider reported $0.48 EPS for the quarter. Companhia Paranaense de Energia had a return on equity of 9.49% and a net margin of 10.21%. The company had revenue of $1.03 billion during the quarter. On average, research analysts predict that Companhia Paranaense de Energia will post 1.56 EPS for the current year.

Companhia Paranaense de Energia Company Profile

Companhia Paranaense de Energia – COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of ParanĂ¡, Brazil. As of December 31, 2017, the company operated 17 hydroelectric plants, 12 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,024.0 megawatts; and owned and operated 2,698.3 kilometers of transmission lines and 196,951.2 kilometers of distribution lines.

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

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