Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Up – Still a Buy?

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 trading hands.

Companhia Paranaense de Energia Stock Up 3.3 %

The company’s 50 day moving average price is $5.50 and its 200-day moving average price is $6.07.

Companhia Paranaense de Energia Announces Dividend

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

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 32.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,091 shares of the company’s stock after purchasing an additional 16,780 shares during the quarter. 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.

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.