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

Companhia Paranaense de Energia (NYSE:ELPC)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $6.19, but opened at $6.05. Companhia Paranaense de Energia shares last traded at $6.10, with a volume of 940 shares changing hands.

Companhia Paranaense de Energia Trading Down 4.5 %

The firm’s 50-day moving average price is $6.19 and its 200-day moving average price is $6.35.

Companhia Paranaense de Energia Announces Dividend

The business also recently disclosed a Variable dividend, which will be paid on Monday, December 9th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.0641 per share. The ex-dividend date of this dividend is Wednesday, October 2nd.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda boosted its position in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 458,294 shares of the company’s stock after buying 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 filing with the Securities & Exchange Commission.

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.