Companhia Paranaense de Energia - COPEL (NYSE:ELP) Sets New 12-Month Low - Here's Why

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $6.28 and last traded at $6.29, with a volume of 73747 shares trading hands. The stock had previously closed at $6.43.

Companhia Paranaense de Energia - COPEL Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. The firm has a 50-day moving average of $6.81 and a 200 day moving average of $7.12.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.07 EPS for the quarter. The company had revenue of $1.03 billion during the quarter. Companhia Paranaense de Energia - COPEL had a net margin of 14.20% and a return on equity of 11.88%. As a group, sell-side analysts predict that Companhia Paranaense de Energia - COPEL will post 0.12 earnings per share for the current fiscal year.

Companhia Paranaense de Energia - COPEL Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.1441 dividend. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ELP. Tidal Investments LLC lifted its holdings in Companhia Paranaense de Energia - COPEL by 2.4% during the 1st quarter. Tidal Investments LLC now owns 59,189 shares of the utilities provider's stock valued at $457,000 after purchasing an additional 1,398 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Companhia Paranaense de Energia - COPEL by 205.3% in the 2nd quarter. Blue Trust Inc. now owns 17,729 shares of the utilities provider's stock worth $119,000 after acquiring an additional 11,922 shares in the last quarter. Signaturefd LLC grew its position in Companhia Paranaense de Energia - COPEL by 41.1% during the 2nd quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider's stock worth $77,000 after acquiring an additional 3,341 shares during the last quarter. Van ECK Associates Corp raised its position in Companhia Paranaense de Energia - COPEL by 222.9% in the 2nd quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider's stock valued at $1,784,000 after purchasing an additional 184,167 shares during the last quarter. Finally, Trium Capital LLP boosted its stake in Companhia Paranaense de Energia - COPEL by 37.5% in the second quarter. Trium Capital LLP now owns 96,276 shares of the utilities provider's stock worth $644,000 after purchasing an additional 26,277 shares in the last quarter. 3.80% of the stock is currently owned by institutional investors and hedge funds.

About Companhia Paranaense de Energia - COPEL

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, Power Sale, and Gas segments.