Companhia Paranaense de Energia (NYSE:ELPC) Trading Up 5.3% – Should You Buy?

Companhia Paranaense de Energia (NYSE:ELPC) shot up 5.3% on Tuesday . The company traded as high as $6.16 and last traded at $6.16. 2,217 shares changed hands during trading, a decline of 94% from the average session volume of 37,206 shares. The stock had previously closed at $5.85.

Companhia Paranaense de Energia Trading Down 5.5 %

The firm has a fifty day simple moving average of $6.17 and a 200-day simple moving average of $6.35.

Companhia Paranaense de Energia Announces Dividend

The business also recently declared a Variable dividend, which will be paid on Monday, December 9th. Investors of record on Wednesday, October 2nd will be issued a $0.0641 dividend. The ex-dividend date is Wednesday, October 2nd.

Institutional Investors 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 increased its position in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

About Companhia Paranaense de Energia

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.