Companhia Paranaense de Energia (NYSE:ELP) shares saw strong trading volume on Thursday . 579,377 shares traded hands during 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 has a market capitalization of $2.77 billion and a price-to-earnings ratio of 10.32. The stock’s 50 day moving average is $8.27 and its 200 day moving average is $7.11.

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. Letko Brosseau & Associates Inc. boosted its stake in shares of Companhia Paranaense de Energia (NYSE:ELP) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,935,832 shares of the company’s stock after buying an additional 138,125 shares during the period. Letko Brosseau & Associates Inc. owned about 1.44% of Companhia Paranaense de Energia worth $23,103,000 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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