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

Companhia Paranaense de Energia (NYSE:ELPC) gapped down before the market opened on Wednesday . The stock had previously closed at $6.19, but opened at $6.05. Companhia Paranaense de Energia shares last traded at $6.10, with a volume of 940 shares trading hands.

Companhia Paranaense de Energia Stock Performance

The business’s fifty day moving average price is $6.19 and its 200-day moving average price is $6.35.

Companhia Paranaense de Energia Announces Dividend

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

Hedge Funds 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 increased its holdings in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 458,294 shares of the company’s stock after buying 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 at the end of the most recent reporting period.

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.