Companhia Paranaense de Energia (NYSE:ELPC) Trading Up 5.3% – Here’s Why

Companhia Paranaense de Energia (NYSE:ELPC) shot up 5.3% on Tuesday . The stock traded as high as $6.16 and last traded at $6.16. 2,217 shares were traded during trading, a decline of 94% from the average session volume of 37,206 shares. The stock had previously closed at $5.85.

Companhia Paranaense de Energia Trading Up 4.8 %

The stock’s 50-day moving average price is $6.21 and its 200-day moving average price is $6.35.

Companhia Paranaense de Energia Announces Dividend

The company also recently disclosed 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 is Wednesday, October 2nd.

Hedge Funds 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 raised its holdings in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 458,294 shares of the company’s stock after buying an additional 8,417 shares during the period. 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 Securities and Exchange Commission.

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.