Companhia Paranaense de Energia (NYSE:ELP)’s share price traded down 1.6% during mid-day trading on Friday . The stock traded as low as $10.00 and last traded at $10.04, with a volume of 201,980 shares traded. The stock had previously closed at $10.20.

The firm has a market cap of $2.77 billion and a P/E ratio of 10.32. The stock has a 50-day moving average of $8.27 and a 200 day moving average of $7.11.

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. Brandes Investment Partners LP raised its stake in shares of Companhia Paranaense de Energia (NYSE:ELP) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,257,275 shares of the company’s stock after buying an additional 57,709 shares during the period. Brandes Investment Partners LP owned about 1.92% of Companhia Paranaense de Energia worth $31,917,000 at the end of the most recent 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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