Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as $8.24 and last traded at $8.17, with a volume of 334 shares changing hands. The stock had previously closed at $8.18.
Companhia Paranaense de Energia Price Performance
The stock has a 50-day simple moving average of $7.38 and a 200-day simple moving average of $6.37. The stock has a market cap of $8.80 billion, a PE ratio of 11.75 and a beta of -0.13.
Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.15 earnings per share for the quarter. The firm had revenue of $1 billion during the quarter.
Companhia Paranaense de Energia Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th were paid a dividend of $0.1172 per share. The ex-dividend date was Monday, April 28th. This represents a yield of 5.5%. Companhia Paranaense de Energia's dividend payout ratio is currently 50.00%.
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 holdings in shares of Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.
Companhia Paranaense de Energia Company Profile
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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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