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

Companhia Paranaense de Energia (NYSE:ELPC)’s stock price shot up 5.3% on Tuesday . The company traded as high as $6.16 and last traded at $6.16. 2,217 shares were traded 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 Up 4.8 %

The firm’s fifty day simple moving average is $6.21 and its 200-day simple moving average is $6.35.

Companhia Paranaense de Energia Announces Dividend

The company also recently declared a Variable dividend, which will be paid on Monday, December 9th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.0641 per share. The ex-dividend date of this dividend is Wednesday, October 2nd.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda grew its holdings in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. 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 SEC.

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.