Companhia Paranaense de Energia (ELP) Trading Up 3.4%
Companhia Paranaense de Energia (NYSE:ELP) was up 3.4% during mid-day trading on Monday . The stock traded as high as $10.50 and last traded at $10.48, with a volume of 155,006 shares changing hands. The stock had previously closed at $10.14.
The firm has a market capitalization of $2.85 billion and a price-to-earnings ratio of 10.45. The stock’s 50 day moving average is $8.44 and its 200 day moving average is $7.19.
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 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 as of its most recent SEC filing.
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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