Companhia Paranaense de Energia (NYSE:ELPC) Reaches New 1-Year Low – What’s Next?

Companhia Paranaense de Energia (NYSE:ELPC) shares reached a new 52-week low on Friday . The company traded as low as $5.74 and last traded at $5.74, with a volume of 3089 shares. The stock had previously closed at $5.97.

Companhia Paranaense de Energia Stock Performance

The business has a 50 day simple moving average of $6.54 and a 200-day simple moving average of $6.43.

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

Companhia Paranaense de Energia Announces Dividend

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

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 raised its stake in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the second quarter, according to its most recent 13F filing 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 period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 as of its most recent SEC filing.

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.