Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down – Here’s Why

Companhia Paranaense de Energia (NYSE:ELPC)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $5.33, but opened at $5.21. Companhia Paranaense de Energia shares last traded at $5.21, with a volume of 483 shares changing hands.

Companhia Paranaense de Energia Price Performance

The company has a fifty day moving average price of $5.69 and a two-hundred day moving average price of $6.20.

Companhia Paranaense de Energia Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a dividend of $0.131 per share. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Investors Weigh In On Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda increased its stake in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

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.