Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Up – Still a Buy?

Shares of Companhia Paranaense de Energia (NYSE:ELPC) gapped up before the market opened on Tuesday . The stock had previously closed at $6.05, but opened at $6.37. Companhia Paranaense de Energia shares last traded at $6.25, with a volume of 828 shares traded.

Companhia Paranaense de Energia Price Performance

The firm’s 50 day moving average price is $5.52 and its two-hundred day moving average price is $6.07.

Companhia Paranaense de Energia Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a $0.131 dividend. The ex-dividend date was Friday, December 13th.

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 increased its position in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,091 shares of the company’s stock after buying an additional 16,780 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 at the end of the most recent quarter.

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.