Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down – Should You Sell?

Companhia Paranaense de Energia (NYSE:ELPC)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $5.33, but opened at $5.21. Companhia Paranaense de Energia shares last traded at $5.21, with a volume of 483 shares.

Companhia Paranaense de Energia Trading Down 2.3 %

The stock has a fifty day moving average of $5.66 and a 200 day moving average of $6.19.

Companhia Paranaense de Energia Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.131 dividend. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Investors Weigh In On Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda grew its position in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,294 shares of the company’s stock after purchasing 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 SEC filing.

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.