Companhia Paranaense de Energia - COPEL (NYSE:ELP) Reaches 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 stock traded as low as $6.52 and last traded at $6.53, with a volume of 44220 shares traded. The stock had previously closed at $6.71.

Companhia Paranaense de Energia - COPEL Price Performance

The company has a current ratio of 1.57, a quick ratio of 1.55 and a debt-to-equity ratio of 0.55. The business has a fifty day moving average price of $7.34 and a 200 day moving average price of $7.25.

Companhia Paranaense de Energia - COPEL (NYSE:ELP - Get Free Report) last released its earnings results on Thursday, August 8th. The utilities provider reported $0.03 EPS for the quarter. Companhia Paranaense de Energia - COPEL had a net margin of 10.87% and a return on equity of 9.07%. The firm had revenue of $1.05 billion during the quarter.

Companhia Paranaense de Energia - COPEL Cuts Dividend

The business also recently announced a Variable dividend, which will be paid on Monday, December 9th. Investors of record on Wednesday, October 2nd will be paid a $0.0705 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd.

Hedge Funds Weigh In On Companhia Paranaense de Energia - COPEL

Several institutional investors and hedge funds have recently added to or reduced their stakes in ELP. Robeco Institutional Asset Management B.V. lifted its position in shares of Companhia Paranaense de Energia - COPEL by 20.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,550,046 shares of the utilities provider's stock worth $11,532,000 after acquiring an additional 258,198 shares during the period. Van ECK Associates Corp raised its stake in shares of Companhia Paranaense de Energia - COPEL by 222.9% in the second 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 in the last quarter. Trium Capital LLP lifted its position in Companhia Paranaense de Energia - COPEL by 36.0% in the third quarter. Trium Capital LLP now owns 130,919 shares of the utilities provider's stock worth $974,000 after purchasing an additional 34,643 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Companhia Paranaense de Energia - COPEL by 11.7% during the second quarter. The Manufacturers Life Insurance Company now owns 72,216 shares of the utilities provider's stock worth $483,000 after buying an additional 7,540 shares in the last quarter. Finally, Creative Planning increased its holdings in Companhia Paranaense de Energia - COPEL by 13.3% in the 3rd quarter. Creative Planning now owns 65,614 shares of the utilities provider's stock valued at $488,000 after buying an additional 7,690 shares during the period. 3.80% of the stock is currently owned by institutional investors.

Companhia Paranaense de Energia - COPEL 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, Power Sale, and Gas segments.