BlackRock Inc. decreased its holdings in Companhia Paranaense de Energia ADR (NYSE:ELP) by 24.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,006,104 shares of the utilities provider’s stock after selling 320,343 shares during the quarter. BlackRock Inc.’s holdings in Companhia Paranaense de Energia were worth $5,615,000 as of its most recent filing with the SEC.
Separately, Letko Brosseau & Associates Inc. boosted its stake in shares of Companhia Paranaense de Energia by 7.5% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 5,302,124 shares of the utilities provider’s stock worth $29,586,000 after purchasing an additional 370,100 shares during the period. Hedge funds and other institutional investors own 1.14% of the company’s stock.
Separately, ValuEngine upgraded shares of Companhia Paranaense de Energia from a “sell” rating to a “hold” rating in a report on Thursday, September 13th.
Companhia Paranaense de Energia (NYSE:ELP) last announced its quarterly earnings data on Wednesday, August 15th. The utilities provider reported $0.35 earnings per share for the quarter. Companhia Paranaense de Energia had a net margin of 8.03% and a return on equity of 7.32%. The company had revenue of $1 billion during the quarter.
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About Companhia Paranaense de Energia
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 Paraná, 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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