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Companhia Paranaense de Energia - Copel (NYSE:ELPC) Sets New 52-Week High - Still a Buy?

Companhia Paranaense de Energia logo with Utilities background

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $8.59 and last traded at $8.59, with a volume of 1632 shares trading hands. The stock had previously closed at $8.28.

Companhia Paranaense de Energia - Copel Trading Down 5.6%

The stock has a market cap of $8.96 billion, a PE ratio of 11.96 and a beta of -0.13. The business has a 50-day moving average price of $7.72 and a 200 day moving average price of $6.53.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.15 EPS for the quarter. The business had revenue of $1 billion for the quarter.

Companhia Paranaense de Energia - Copel Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th were paid a $0.1172 dividend. The ex-dividend date was Monday, April 28th. This represents a yield of 5.5%. Companhia Paranaense de Energia - Copel's dividend payout ratio is 50.00%.

Hedge Funds Weigh In On Companhia Paranaense de Energia - Copel

An institutional investor recently raised its position in Companhia Paranaense de Energia - Copel stock. SPX Gestao de Recursos Ltda increased its stake in shares of Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Free Report) by 32.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 68,091 shares of the company's stock after purchasing an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda's holdings in Companhia Paranaense de Energia - Copel were worth $355,000 as of its most recent SEC filing.

Companhia Paranaense de Energia - Copel Company Profile

(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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