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Companhia Paranaense de Energia (NYSE:ELPC) Reaches New 12-Month Low - Should You Sell?

Companhia Paranaense de Energia logo with Utilities background

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $5.74 and last traded at $5.74, with a volume of 3089 shares changing hands. The stock had previously closed at $5.97.

Companhia Paranaense de Energia Stock Performance

The firm's fifty day moving average price is $6.51 and its 200 day moving average price is $6.43.

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $1.05 billion during the quarter.

Companhia Paranaense de Energia Announces Dividend

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

Institutional Investors Weigh In On Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda increased its stake in Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 458,294 shares of the company's stock after purchasing an additional 8,417 shares during the quarter. SPX Gestao de Recursos Ltda's holdings in Companhia Paranaense de Energia were worth $2,695,000 at the end of the most recent reporting period.

About Companhia Paranaense de Energia

(Get Free Report)

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.

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