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

Companhia Paranaense de Energia logo with Utilities background

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 88,410 shares traded hands during mid-day trading, an increase of 126% from the previous session's volume of 39,041 shares.The stock last traded at $6.05 and had previously closed at $6.09.

Companhia Paranaense de Energia Price Performance

The stock has a 50-day moving average price of $6.61 and a two-hundred day moving average price of $6.45.

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 firm had revenue of $1.05 billion for the quarter.

Companhia Paranaense de Energia Announces Dividend

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 paid a dividend of $0.0641 per share. 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 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 458,294 shares of the company's stock after purchasing an additional 8,417 shares during the period. SPX Gestao de Recursos Ltda's holdings in Companhia Paranaense de Energia were worth $2,695,000 as of its most recent SEC filing.

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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