Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down - Should You Sell?

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $7.15, but opened at $6.90. Companhia Paranaense de Energia shares last traded at $7.31, with a volume of 4,678 shares.

Companhia Paranaense de Energia Stock Up 5.0 %

The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 10.59 and a beta of -0.31. The business has a 50-day moving average price of $6.56 and a 200-day moving average price of $6.02.

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The company reported $0.13 EPS for the quarter. The business had revenue of $1.03 billion during the quarter.

Companhia Paranaense de Energia Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be paid a $0.1172 dividend. This represents a yield of 5.5%. The ex-dividend date is Monday, April 28th. Companhia Paranaense de Energia's dividend payout ratio (DPR) is presently 32.86%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda lifted its position in Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,091 shares of the company's stock after acquiring an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda's holdings in Companhia Paranaense de Energia were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.