Companhia Paranaense de Energia (NYSE:ELP)’s share price dropped 2.5% during mid-day trading on Wednesday . The stock traded as low as $8.86 and last traded at $8.99, with a volume of 279,309 shares trading hands. The stock had previously closed at $9.22.

The stock’s 50-day moving average is $7.63 and its 200-day moving average is $6.93. The company has a market capitalization of $2.47 billion and a P/E ratio of 8.92.

Other hedge funds have bought and sold shares of the company. Letko Brosseau & Associates Inc. increased its stake in Companhia Paranaense de Energia by 3.6% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 3,935,832 shares of the company’s stock valued at $23,103,000 after buying an additional 138,125 shares in the last quarter. Numeric Investors LLC increased its stake in Companhia Paranaense de Energia by 89.1% in the fourth quarter. Numeric Investors LLC now owns 245,016 shares of the company’s stock valued at $1,438,000 after buying an additional 115,416 shares in the last quarter. Oxford Asset Management increased its stake in Companhia Paranaense de Energia by 16.7% in the fourth quarter. Oxford Asset Management now owns 432,627 shares of the company’s stock valued at $2,558,000 after buying an additional 62,057 shares in the last quarter. Finally, Brandes Investment Partners LP increased its stake in Companhia Paranaense de Energia by 1.1% in the fourth quarter. Brandes Investment Partners LP now owns 5,257,275 shares of the company’s stock valued at $31,917,000 after buying an additional 57,709 shares in the last quarter.

Companhia Paranaense de Energia – Copel is engaged in the generation, transmission, distribution and sale of electricity in the Brazilian State of Parana. The Company also provides telecommunications and other services. Its operating segments are Power generation and transmission (GeT), Power distribution and sales (DIS), Telecommunications (TEL), Gas (GAS) and Holding Company (HOL).

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