Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $8.20 and last traded at $8.19, with a volume of 6893 shares trading hands. The stock had previously closed at $8.07.
Companhia Paranaense de Energia Price Performance
The stock has a market capitalization of $8.76 billion, a P/E ratio of 11.70 and a beta of -0.43. The firm has a 50-day simple moving average of $6.95 and a 200 day simple moving average of $6.16.
Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The company reported $0.15 earnings per share for the quarter. The company had revenue of $1 billion during the quarter.
Companhia Paranaense de Energia Cuts Dividend
The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be paid a $0.1172 dividend. The ex-dividend date is Monday, April 28th. This represents a dividend yield of 5.5%. Companhia Paranaense de Energia's payout ratio is 32.86%.
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 grew its stake in Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,091 shares of the company's stock after buying an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda's holdings in Companhia Paranaense de Energia were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.
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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