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

Posted by Scott Moore on Oct 11th, 2024

Companhia Paranaense de Energia (NYSE:ELPC – Get Free Report) shares saw strong trading volume on Friday . 42,158 shares changed hands during 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 Performance

The business’s fifty day moving average price is $6.69 and its 200 day moving average price is $6.49.

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

Companhia Paranaense de Energia Announces Dividend

The company also recently announced a Variable dividend, which will be paid on Monday, December 9th. Investors of record on Wednesday, October 2nd will be issued a $0.0641 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd.

Hedge Funds Weigh In On Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda lifted its stake in shares of Companhia Paranaense de Energia (NYSE:ELPC – Free Report) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,294 shares of the company’s stock after purchasing 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.

Companhia Paranaense de Energia Company Profile

(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.