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

Companhia Paranaense de Energia (NYSE:ELPC) saw unusually-strong trading volume on Thursday . Approximately 21,808 shares changed hands during mid-day trading, an increase of 378% from the previous session’s volume of 4,563 shares.The stock last traded at $6.17 and had previously closed at $6.21.

Companhia Paranaense de Energia Price Performance

The company’s 50-day simple moving average is $5.52 and its 200 day simple moving average is $6.07.

Companhia Paranaense de Energia Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, December 13th.

Institutional Investors Weigh In On Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda boosted its holdings in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 68,091 shares of the company’s stock after purchasing an additional 16,780 shares during the period. 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

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.