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

Companhia Paranaense de Energia (NYSE:ELPC) shares saw unusually-high trading volume on Thursday . Approximately 2,719 shares traded hands during mid-day 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 stock has a 50 day moving average of $5.49 and a 200-day moving average of $6.12.

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

Companhia Paranaense de Energia Announces Dividend

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

Institutional Inflows and Outflows

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

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.