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

Shares of Companhia Paranaense de Energia (NYSE:ELPC) saw unusually-high trading volume on Friday . Approximately 2,653 shares traded hands during trading, a decline of 31% from the previous session’s volume of 3,843 shares.The stock last traded at $5.27 and had previously closed at $5.30.

Companhia Paranaense de Energia Stock Performance

The business has a 50-day moving average price of $5.64 and a 200 day moving average price of $6.18.

Companhia Paranaense de Energia Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were given a dividend of $0.131 per share. 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 stake in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the second quarter, according to the company in its most recent 13F filing 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 period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 at the end of the most recent reporting period.

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.