Companhia Paranaense de Energia – COPEL (NYSE:ELP) Sees Strong Trading Volume

Companhia Paranaense de Energia – COPEL (NYSE:ELPGet Rating) saw unusually-strong trading volume on Tuesday . Approximately 27,493 shares were traded during trading, a decline of 97% from the previous session’s volume of 898,268 shares.The stock last traded at $7.88 and had previously closed at $8.04.

Companhia Paranaense de Energia – COPEL Stock Down 2.3 %

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.34 and a quick ratio of 1.32. The firm has a 50-day simple moving average of $6.66 and a two-hundred day simple moving average of $6.69. The company has a market cap of $4.01 billion, a PE ratio of 22.91 and a beta of 0.67.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

Several hedge funds have recently bought and sold shares of ELP. Truist Financial Corp purchased a new stake in shares of Companhia Paranaense de Energia – COPEL in the first quarter valued at $152,000. Envestnet Asset Management Inc. grew its position in shares of Companhia Paranaense de Energia – COPEL by 254.4% in the first quarter. Envestnet Asset Management Inc. now owns 171,312 shares of the utilities provider’s stock valued at $1,340,000 after purchasing an additional 122,975 shares during the period. DGS Capital Management LLC grew its position in shares of Companhia Paranaense de Energia – COPEL by 10.4% in the first quarter. DGS Capital Management LLC now owns 22,069 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 2,081 shares during the period. National Bank of Canada FI purchased a new stake in shares of Companhia Paranaense de Energia – COPEL in the first quarter valued at $85,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Companhia Paranaense de Energia – COPEL in the first quarter valued at $102,000. Hedge funds and other institutional investors own 4.66% of the company’s stock.

Companhia Paranaense de Energia – COPEL Company Profile

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Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and trading of energy to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. The company operates through Power generation and transmission, Power distribution, Gas, and Power sale segments.

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