Companhia Paranaense de Energia (NYSE:ELPC) Trading Down 0.8% – Should You Sell?

Companhia Paranaense de Energia (NYSE:ELPC)’s share price fell 0.8% during trading on Tuesday . The company traded as low as $5.18 and last traded at $5.18. 185 shares were traded during mid-day trading, a decline of 99% from the average session volume of 34,728 shares. The stock had previously closed at $5.22.

Companhia Paranaense de Energia Price Performance

The business has a 50 day moving average price of $5.82 and a 200 day moving average price of $6.24.

Companhia Paranaense de Energia Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a $0.131 dividend. The ex-dividend date is 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 grew its stake in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the second quarter, according to its most recent disclosure with the 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 SEC.

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.