Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $8.20 and last traded at $8.22, with a volume of 121674 shares. The stock had previously closed at $7.98.
Companhia Paranaense de Energia Stock Performance
The company has a market cap of $8.69 billion, a PE ratio of 11.60 and a beta of -0.45. The stock's 50 day moving average price is $7.19 and its 200-day moving average price is $6.27.
Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $1 billion during the quarter.
Companhia Paranaense de Energia Cuts Dividend
The business also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th were paid a $0.1172 dividend. The ex-dividend date was Monday, April 28th. This represents a dividend yield of 5.5%. Companhia Paranaense de Energia's dividend payout ratio is presently 50.00%.
Institutional Trading of Companhia Paranaense de Energia
An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda increased its holdings in Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,091 shares of the company's stock after buying an additional 16,780 shares during the quarter. SPX Gestao de Recursos Ltda's holdings in Companhia Paranaense de Energia were worth $355,000 at the end of the most recent reporting period.
About Companhia Paranaense de Energia
(
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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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