Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Gap Up – Here’s What Happened

Companhia Paranaense de Energia – COPEL (NYSE:ELP)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.78, but opened at $7.03. Companhia Paranaense de Energia – COPEL shares last traded at $6.97, with a volume of 38,027 shares trading hands.

Companhia Paranaense de Energia – COPEL Trading Up 3.0 %

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. The stock has a 50-day simple moving average of $6.20 and a 200-day simple moving average of $6.84.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a $0.1441 dividend. The ex-dividend date was Friday, December 13th.

Institutional Trading of Companhia Paranaense de Energia – COPEL

Hedge funds and other institutional investors have recently modified their holdings of the stock. SPX Gestao de Recursos Ltda increased its stake in shares of Companhia Paranaense de Energia – COPEL by 8.8% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,030,320 shares of the utilities provider’s stock valued at $6,110,000 after buying an additional 83,758 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Companhia Paranaense de Energia – COPEL by 78.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 3,849 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Companhia Paranaense de Energia – COPEL by 7.6% in the 4th quarter. Van ECK Associates Corp now owns 85,929 shares of the utilities provider’s stock valued at $510,000 after acquiring an additional 6,036 shares in the last quarter. First Affirmative Financial Network acquired a new position in shares of Companhia Paranaense de Energia – COPEL during the 4th quarter valued at $64,000. Finally, R Squared Ltd bought a new position in Companhia Paranaense de Energia – COPEL during the fourth quarter worth $31,000. Institutional investors own 3.80% of the company’s stock.

About Companhia Paranaense de Energia – COPEL

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, Power Sale, and Gas segments.