Companhia Paranaense de Energia (NYSE:ELPC) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Companhia Paranaense de Energia (NYSE:ELPC) saw an uptick in trading volume on Thursday . 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 Stock Down 1.8 %

The company’s 50 day moving average price is $5.50 and its two-hundred day moving average price is $6.12.

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

Companhia Paranaense de Energia Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a $0.131 dividend. The ex-dividend date was Friday, December 13th.

Institutional Trading of Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda boosted its position in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

About Companhia Paranaense de Energia

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.