Companhia Paranaense de Energia (NYSE:ELPC) Shares Down 0.8% – Here’s Why

Companhia Paranaense de Energia (NYSE:ELPC) fell 0.8% during mid-day trading on Tuesday . The company traded as low as $5.18 and last traded at $5.18. 185 shares were traded during mid-day trading, a decline of 99% from the average session volume of 34,728 shares. The stock had previously closed at $5.22.

Companhia Paranaense de Energia Price Performance

The company’s 50-day simple moving average is $5.82 and its 200 day simple moving average is $6.24.

Companhia Paranaense de Energia Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a dividend of $0.131 per share. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda grew its position 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 & Exchange Commission. The firm 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.