Letko Brosseau & Associates Inc. Has $1.99 Million Position in Companhia Paranaense de Energia (NYSE:ELPC)

Letko Brosseau & Associates Inc. trimmed its stake in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 17.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 381,106 shares of the company’s stock after selling 78,339 shares during the quarter. Letko Brosseau & Associates Inc.’s holdings in Companhia Paranaense de Energia were worth $1,987,000 at the end of the most recent reporting period.

Separately, SPX Gestao de Recursos Ltda increased its position in Companhia Paranaense de Energia by 32.7% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 68,091 shares of the company’s stock worth $355,000 after purchasing an additional 16,780 shares in the last quarter.

Companhia Paranaense de Energia Price Performance

ELPC stock opened at $8.03 on Monday. The company has a 50 day simple moving average of $6.71 and a 200 day simple moving average of $6.07. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 11.47 and a beta of -0.43. Companhia Paranaense de Energia has a 1 year low of $5.04 and a 1 year high of $8.03.

Companhia Paranaense de Energia (NYSE:ELPC) last released its quarterly earnings data on Friday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $1 billion for the quarter.

Companhia Paranaense de Energia Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be given a dividend of $0.1172 per share. This represents a yield of 5.5%. The ex-dividend date of this dividend is Monday, April 28th. Companhia Paranaense de Energia’s dividend payout ratio is 32.86%.

Companhia Paranaense de Energia 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, GAS, Power Sale, and Holding and Services segments.