Companhia Paranaense de Energia (NYSE:ELPC) Stock Price Up 0.8% – Should You Buy?

Companhia Paranaense de Energia (NYSE:ELPC) traded up 0.8% during mid-day trading on Friday . The company traded as high as $5.36 and last traded at $5.34. 4,534 shares were traded during trading, a decline of 87% from the average session volume of 34,622 shares. The stock had previously closed at $5.30.

Companhia Paranaense de Energia Trading Up 0.2 %

The stock’s fifty day moving average is $5.71 and its 200-day moving average is $6.20.

Companhia Paranaense de Energia Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.131 per share. The ex-dividend date is Friday, December 13th.

Hedge Funds Weigh In On Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda grew its holdings in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 458,294 shares of the company’s stock after buying an additional 8,417 shares during the quarter. 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.