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

Companhia Paranaense de Energia (NYSE:ELPC)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $6.05, but opened at $6.37. Companhia Paranaense de Energia shares last traded at $6.25, with a volume of 828 shares changing hands.

Companhia Paranaense de Energia Trading Down 0.2 %

The firm’s fifty day simple moving average is $5.52 and its 200-day simple moving average is $6.07.

Companhia Paranaense de Energia Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a dividend of $0.131 per share. The ex-dividend date was Friday, December 13th.

Institutional Trading of Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda lifted its holdings in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,091 shares of the company’s stock after purchasing an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 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.