Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down – Here’s What Happened

Companhia Paranaense de Energia (NYSE:ELPC) gapped down prior to trading on Friday . The stock had previously closed at $5.69, but opened at $5.56. Companhia Paranaense de Energia shares last traded at $5.63, with a volume of 23,054 shares trading hands.

Companhia Paranaense de Energia Stock Performance

The firm has a 50 day simple moving average of $5.49 and a two-hundred day simple moving average of $6.12.

Companhia Paranaense de Energia (NYSE:ELPC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter. The company had revenue of $1.03 billion during the quarter.

Companhia Paranaense de Energia Dividend Announcement

The company also recently disclosed 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 boosted its position in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 458,294 shares of the company’s stock after acquiring an additional 8,417 shares during the quarter. 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 Securities & Exchange Commission.

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.