Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.12 and last traded at $8.12, with a volume of 3677 shares changing hands. The stock had previously closed at $7.78.
Companhia Paranaense de Energia Price Performance
The business has a fifty day moving average price of $6.90 and a two-hundred day moving average price of $6.14. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 11.56 and a beta of -0.43.
Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.15 EPS for the quarter. The firm had revenue of $1 billion for the quarter.
Companhia Paranaense de Energia Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be given a dividend of $0.1172 per share. 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 currently 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 lifted its position in shares of Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% in the 4th quarter, according to its most recent filing with the Securities & 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 quarter.
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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