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

Shares of Companhia Paranaense de Energia (NYSE:ELPC) gapped down before the market opened on Wednesday . The stock had previously closed at $5.39, but opened at $5.22. Companhia Paranaense de Energia shares last traded at $5.21, with a volume of 1,381 shares.

Companhia Paranaense de Energia Price Performance

The firm has a 50-day moving average price of $5.88 and a two-hundred day moving average price of $6.26.

Companhia Paranaense de Energia Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.131 dividend. 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 holdings in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 (SEC).

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.