Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Up to $6.45

Companhia Paranaense de Energia (NYSE:ELPC) gapped up prior to trading on Monday . The stock had previously closed at $6.45, but opened at $6.63. Companhia Paranaense de Energia shares last traded at $6.63, with a volume of 2,695 shares trading hands.

Companhia Paranaense de Energia Price Performance

The firm’s 50-day moving average is $6.64 and its 200-day moving average is $6.54.

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

Companhia Paranaense de Energia Dividend Announcement

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

Institutional Investors Weigh In On Companhia Paranaense de Energia

Hedge funds have recently made changes to their positions in the business. Vinland Capital Management Gestora de Recursos LTDA. bought a new stake in Companhia Paranaense de Energia in the 4th quarter valued at about $4,967,000. Optiver Holding B.V. bought a new stake in shares of Companhia Paranaense de Energia during the fourth quarter valued at about $1,217,000. Jump Financial LLC bought a new stake in shares of Companhia Paranaense de Energia during the fourth quarter valued at about $145,000. SPX Gestao de Recursos Ltda increased its position in shares of Companhia Paranaense de Energia by 1.9% during the second quarter. SPX Gestao de Recursos Ltda now owns 458,294 shares of the company’s stock valued at $2,695,000 after buying an additional 8,417 shares during the period. Finally, AdvisorShares Investments LLC bought a new stake in shares of Companhia Paranaense de Energia during the fourth quarter valued at about $62,000.

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, Power Sale, and Gas segments.