Companhia Paranaense de Energia (ELP) Sees Large Volume Increase
Companhia Paranaense de Energia (NYSE:ELP) saw an uptick in trading volume on Thursday . 579,377 shares traded hands during mid-day trading, a decline of 16% from the previous session’s volume of 691,215 shares.The stock last traded at $10.36 and had previously closed at $9.84.
The stock’s 50 day moving average is $8.17 and its 200 day moving average is $7.08. The firm has a market cap of $2.79 billion and a P/E ratio of 10.55.
Other hedge funds have modified their holdings of the company. Brandes Investment Partners LP boosted 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 during the period. Letko Brosseau & Associates Inc. boosted 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 worth $23,103,000 after buying an additional 138,125 shares during the period. Finally, Oxford Asset Management boosted 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 worth $2,558,000 after buying an additional 62,057 shares during the period.
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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