Companhia Paranaense de Energia (NYSE:ELPC) Sees Strong Trading Volume – Should You Buy?

Posted by Don Miller on Oct 11th, 2024

Companhia Paranaense de Energia (NYSE:ELPC – Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 42,158 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 40,131 shares.The stock last traded at $6.35 and had previously closed at $6.47.

Companhia Paranaense de Energia Stock Down 2.0 %

The company’s 50 day moving average is $6.69 and its 200-day moving average is $6.49.

Companhia Paranaense de Energia (NYSE:ELPC – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $1.05 billion for the quarter.

Companhia Paranaense de Energia Dividend Announcement

The business also recently disclosed a Variable dividend, which will be paid on Monday, December 9th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.0641 per share. The ex-dividend date of this dividend is Wednesday, October 2nd.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda boosted its position in Companhia Paranaense de Energia (NYSE:ELPC – Free Report) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 458,294 shares of the company’s stock after acquiring an additional 8,417 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 at the end of the most recent reporting period.

About Companhia Paranaense de Energia

(Get Free Report)

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.