Companhia Paranaense de Energia (NYSE:ELPC) Sees Unusually-High Trading Volume – Here’s Why

Companhia Paranaense de Energia (NYSE:ELPC) saw strong trading volume on Wednesday . 6,018 shares changed hands during mid-day trading, an increase of 47% from the previous session’s volume of 4,088 shares.The stock last traded at $5.88 and had previously closed at $5.72.

Companhia Paranaense de Energia Price Performance

The stock has a 50-day moving average price of $5.48 and a two-hundred day moving average price of $6.10.

Companhia Paranaense de Energia (NYSE:ELPC) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $1.03 billion during the quarter.

Companhia Paranaense de Energia Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a $0.131 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda grew its holdings in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 458,294 shares of the company’s stock after purchasing an additional 8,417 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 as of its most recent SEC filing.

Companhia Paranaense de Energia Company Profile

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, GAS, Power Sale, and Holding and Services segments.