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Companhia Paranaense de Energia (NYSE:ELPC) Sees Strong Trading Volume - Time to Buy?

Companhia Paranaense de Energia logo with Utilities background

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 9,992 shares changed hands during mid-day trading, an increase of 95% from the previous session's volume of 5,120 shares.The stock last traded at $6.07 and had previously closed at $6.12.

Companhia Paranaense de Energia Stock Up 3.0 %

The firm's 50 day moving average is $5.50 and its two-hundred day moving average is $6.07.

Companhia Paranaense de Energia Dividend Announcement

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

Institutional Investors 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 position in shares of Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 68,091 shares of the company's stock after purchasing an additional 16,780 shares during the quarter. SPX Gestao de Recursos Ltda's holdings in Companhia Paranaense de Energia were worth $355,000 as of its most recent filing with the SEC.

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.

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