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

Companhia Paranaense de Energia (NYSE:ELPC) shares gapped down prior to trading on Friday . The stock had previously closed at $5.69, but opened at $5.56. Companhia Paranaense de Energia shares last traded at $5.63, with a volume of 23,054 shares changing hands.

Companhia Paranaense de Energia Trading Down 1.0 %

The company has a fifty day moving average of $5.50 and a two-hundred day moving average of $6.12.

Companhia Paranaense de Energia (NYSE:ELPC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter. The firm had revenue of $1.03 billion for the quarter.

Companhia Paranaense de Energia Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were issued a dividend of $0.131 per share. The ex-dividend date of this dividend was 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 stake in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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.