Companhia Paranaense de Energia (ELP) Trading Down 3.4%
Shares of Companhia Paranaense de Energia (NYSE:ELP) traded down 3.4% on Monday . The company traded as low as $9.93 and last traded at $10.04, with a volume of 239,218 shares trading hands. The stock had previously closed at $10.39.
The firm’s 50 day moving average price is $8.85 and its 200 day moving average price is $7.32. The company has a market cap of $2.77 billion and a PE ratio of 10.13.
A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. Brandes Investment Partners LP increased its position in shares of Companhia Paranaense de Energia (NYSE:ELP) by 1.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 1.92% of Companhia Paranaense de Energia worth $31,917,000 at the end of the most recent reporting 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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