Companhia Paranaense de Energia (NYSE:ELPC) Sees Strong Trading Volume – Here’s Why

Companhia Paranaense de Energia (NYSE:ELPC) saw unusually-strong trading volume on Thursday . Approximately 2,719 shares traded hands during trading, a decline of 33% from the previous session’s volume of 4,072 shares.The stock last traded at $5.55 and had previously closed at $5.69.

Companhia Paranaense de Energia Price Performance

The firm’s fifty day moving average price is $5.50 and its 200 day moving average price is $6.12.

Companhia Paranaense de Energia (NYSE:ELPC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter. The business had revenue of $1.03 billion during the quarter.

Companhia Paranaense de Energia Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were given a dividend of $0.131 per share. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda increased its holdings in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 458,294 shares of the company’s stock after buying 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.