Companhia Paranaense de Energia (NYSE:ELPC) Stock Price Up 5.3% – Here’s Why

Companhia Paranaense de Energia (NYSE:ELPC) shot up 5.3% during mid-day trading on Tuesday . The company traded as high as $6.16 and last traded at $6.16. 2,217 shares were traded during mid-day trading, a decline of 94% from the average session volume of 37,206 shares. The stock had previously closed at $5.85.

Companhia Paranaense de Energia Stock Down 5.5 %

The stock’s fifty day simple moving average is $6.17 and its 200-day simple moving average is $6.35.

Companhia Paranaense de Energia Dividend Announcement

The business also recently disclosed a Variable dividend, which will be paid on Monday, December 9th. Investors 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 Investors 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 lifted 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 SEC. The fund owned 458,294 shares of the company’s stock after acquiring 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.