Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down to $6.25

Companhia Paranaense de Energia (NYSE:ELPC) gapped down before the market opened on Tuesday . The stock had previously closed at $6.25, but opened at $5.93. Companhia Paranaense de Energia shares last traded at $5.93, with a volume of 244 shares.

Companhia Paranaense de Energia Trading Up 5.9 %

The stock’s 50-day moving average price is $6.66 and its 200-day moving average price is $6.51.

Companhia Paranaense de Energia (NYSE:ELPC) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.12 EPS for the quarter. The business had revenue of $1.05 billion for the quarter.

Companhia Paranaense de Energia Announces Dividend

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

Hedge Funds Weigh In On Companhia Paranaense de Energia

A number of hedge funds have recently bought and sold shares of ELPC. Optiver Holding B.V. bought a new position in shares of Companhia Paranaense de Energia during the fourth quarter valued at about $1,217,000. AdvisorShares Investments LLC purchased a new stake in Companhia Paranaense de Energia in the 4th quarter valued at about $62,000. Vinland Capital Management Gestora de Recursos LTDA. bought a new position in shares of Companhia Paranaense de Energia during the 4th quarter worth approximately $4,967,000. Finally, SPX Gestao de Recursos Ltda boosted its stake in shares of Companhia Paranaense de Energia by 1.9% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 458,294 shares of the company’s stock worth $2,695,000 after buying an additional 8,417 shares during the last quarter.

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.