Shares of Companhia Paranaense de Energia (NYSE:ELP) shot up 4.2% on Monday . The company traded as high as $9.70 and last traded at $9.63, with a volume of 174,136 shares. The stock had previously closed at $9.24.

The stock has a market cap of $2.67 billion and a price-to-earnings ratio of 10.09. The firm has a 50 day moving average price of $7.97 and a 200-day moving average price of $7.04.

Several hedge funds recently made changes to their positions in the company. Brandes Investment Partners LP raised its stake in shares of 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 worth $31,917,000 after buying an additional 57,709 shares in the last quarter. Letko Brosseau & Associates Inc. raised its stake in shares of 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 worth $23,103,000 after buying an additional 138,125 shares in the last quarter. Oxford Asset Management raised its stake in shares of Companhia Paranaense de Energia by 16.7% in the fourth quarter. Oxford Asset Management now owns 432,627 shares of the company’s stock worth $2,558,000 after buying an additional 62,057 shares in the last quarter. Finally, Numeric Investors LLC raised its stake in shares of Companhia Paranaense de Energia by 89.1% in the fourth quarter. Numeric Investors LLC now owns 245,016 shares of the company’s stock worth $1,438,000 after buying an additional 115,416 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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