Letko Brosseau & Associates Inc. Sells 78,339 Shares of Companhia Paranaense de Energia (NYSE:ELPC)

Letko Brosseau & Associates Inc. lowered its holdings in Companhia Paranaense de Energia (NYSE:ELPC) by 17.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 381,106 shares of the company’s stock after selling 78,339 shares during the period. Letko Brosseau & Associates Inc.’s holdings in Companhia Paranaense de Energia were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, SPX Gestao de Recursos Ltda boosted its holdings in shares of 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 buying an additional 16,780 shares during the period.

Companhia Paranaense de Energia Stock Up 4.3%

Shares of Companhia Paranaense de Energia stock opened at $8.03 on Monday. Companhia Paranaense de Energia has a twelve month low of $5.04 and a twelve month high of $8.03. The company has a 50-day simple moving average of $6.71 and a two-hundred day simple moving average of $6.07. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 11.47 and a beta of -0.43.

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

Companhia Paranaense de Energia Cuts Dividend

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

Companhia Paranaense de Energia 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.