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Companhia Paranaense de Energia (NYSE:ELPC) Hits New 52-Week High - What's Next?

Companhia Paranaense de Energia logo with Utilities background

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.39 and last traded at $7.34, with a volume of 4818 shares changing hands. The stock had previously closed at $7.28.

Companhia Paranaense de Energia Price Performance

The stock has a market cap of $7.94 billion, a P/E ratio of 10.61 and a beta of -0.43. The stock's 50-day moving average is $6.58 and its two-hundred day moving average is $6.03.

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last posted its earnings results on Friday, February 28th. The company reported $0.13 EPS for the quarter. The firm had revenue of $1.03 billion during the quarter.

Companhia Paranaense de Energia Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be issued a $0.1172 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a dividend yield of 5.5%. Companhia Paranaense de Energia's dividend payout ratio (DPR) is presently 32.86%.

Hedge Funds Weigh In On Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda increased its position 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 at the end of the most recent quarter.

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.

Further Reading

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