Companhia Paranaense de Energia - Copel (NYSE:ELPC) Stock Price Up 5.3% - Here's Why

Key Points

• Companhia Paranaense de Energia - Copel's stock price increased by 5.3% during trading, closing at $8.79 after reaching a high of $8.51.
• The company has a market capitalization of $9.35 billion and an average rating of "Hold" from analysts.
• Institutional investor Allworth Financial LP recently acquired a new position in Copel, purchasing 3,250 shares valued at approximately $28,000.

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report)'s share price rose 5.3% during trading on Thursday . The company traded as high as $8.51 and last traded at $8.79. Approximately 636 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 7,621 shares. The stock had previously closed at $8.35.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Companhia Paranaense de Energia - Copel currently has an average rating of "Hold".

Companhia Paranaense de Energia - Copel Price Performance

The stock has a market cap of $9.35 billion, a P/E ratio of 12.31 and a beta of -0.02. The company has a fifty day moving average price of $8.51 and a 200 day moving average price of $7.98.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.10 EPS for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Companhia Paranaense de Energia - Copel stock. Allworth Financial LP acquired a new stake in Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,250 shares of the company's stock, valued at approximately $28,000.

Companhia Paranaense de Energia - Copel 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.

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