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

Companhia Paranaense de Energia (NYSE:ELPC) gapped up before the market opened on Monday . The stock had previously closed at $5.67, but opened at $5.87. Companhia Paranaense de Energia shares last traded at $5.87, with a volume of 793 shares.

Companhia Paranaense de Energia Stock Up 4.8 %

The stock has a fifty day simple moving average of $6.51 and a two-hundred day simple moving average of $6.43.

Companhia Paranaense de Energia (NYSE:ELPC) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.12 earnings per share for the quarter. The business had revenue of $1.05 billion during the quarter.

Companhia Paranaense de Energia Dividend Announcement

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

Institutional Trading of Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda grew its position in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 458,294 shares of the company’s stock after purchasing 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 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.