Companhia Paranaense de Energia - COPEL (NYSE:ELP) Reaches New 12-Month Low - Here's What Happened

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $5.92 and last traded at $5.92, with a volume of 37539 shares. The stock had previously closed at $6.09.

Companhia Paranaense de Energia - COPEL Stock Down 5.4 %

The business has a fifty day moving average of $6.62 and a 200 day moving average of $7.07. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.51. The firm has a market cap of $3.15 billion, a P/E ratio of 10.67 and a beta of 1.00.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.07 EPS for the quarter. Companhia Paranaense de Energia - COPEL had a return on equity of 11.88% and a net margin of 14.20%. The company had revenue of $1.03 billion during the quarter. On average, equities research analysts predict that Companhia Paranaense de Energia - COPEL will post 0.12 EPS for the current year.

Companhia Paranaense de Energia - COPEL Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.1441 dividend. The ex-dividend date is Friday, December 13th. Companhia Paranaense de Energia - COPEL's dividend payout ratio (DPR) is presently 31.48%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Companhia Paranaense de Energia - COPEL in the third quarter valued at approximately $34,000. GAMMA Investing LLC increased its holdings in Companhia Paranaense de Energia - COPEL by 61.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider's stock worth $40,000 after purchasing an additional 2,043 shares in the last quarter. Signaturefd LLC increased its holdings 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 purchasing an additional 3,341 shares in the last quarter. Blue Trust Inc. raised its stake 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 valued at $119,000 after purchasing an additional 11,922 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of Companhia Paranaense de Energia - COPEL by 16.6% in the third quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider's stock valued at $127,000 after purchasing an additional 2,441 shares in the last quarter. 3.80% of the stock is currently owned by institutional investors.

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.