Shares of Companhia Paranaense de Energia (NYSE:ELP) were up 3.4% during mid-day trading on Monday . The company traded as high as $10.50 and last traded at $10.48, with a volume of 155,006 shares traded. The stock had previously closed at $10.14.

The stock has a market capitalization of $2.85 billion and a PE ratio of 10.46. The stock has a 50 day moving average price of $8.27 and a 200 day moving average price of $7.11.

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. Brandes Investment Partners LP boosted 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 SEC. The firm 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 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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