Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down – Time to Sell?

Companhia Paranaense de Energia (NYSE:ELPC)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $5.98, but opened at $5.77. Companhia Paranaense de Energia shares last traded at $5.77, with a volume of 611 shares trading hands.

Companhia Paranaense de Energia Stock Down 1.9 %

The business’s 50 day moving average is $6.25 and its 200-day moving average is $6.37.

Companhia Paranaense de Energia Announces Dividend

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

Institutional Investors Weigh In On Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda boosted its stake in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm 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 SEC.

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.