Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down to $6.25

Companhia Paranaense de Energia (NYSE:ELPC) gapped down before the market opened on Tuesday . The stock had previously closed at $6.25, but opened at $5.93. Companhia Paranaense de Energia shares last traded at $5.93, with a volume of 244 shares traded.

Companhia Paranaense de Energia Price Performance

The firm’s 50-day simple moving average is $6.66 and its 200 day simple moving average is $6.51.

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

Companhia Paranaense de Energia Announces Dividend

The company also recently announced a Variable dividend, which will be paid on Monday, December 9th. Shareholders 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

Institutional investors have recently added to or reduced their stakes in the business. Vinland Capital Management Gestora de Recursos LTDA. purchased a new position in shares of Companhia Paranaense de Energia in the fourth quarter worth about $4,967,000. SPX Gestao de Recursos Ltda boosted its holdings in Companhia Paranaense de Energia by 1.9% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 458,294 shares of the company’s stock worth $2,695,000 after buying an additional 8,417 shares during the period. Optiver Holding B.V. purchased a new position in Companhia Paranaense de Energia in the 4th quarter valued at approximately $1,217,000. Finally, AdvisorShares Investments LLC bought a new stake in Companhia Paranaense de Energia during the 4th quarter valued at $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, GAS, Power Sale, and Holding and Services segments.