Shares of Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) saw strong trading volume on Tuesday . 114,267 shares were traded during mid-day trading, an increase of 685% from the previous session's volume of 14,562 shares.The stock last traded at $8.15 and had previously closed at $7.98.
Companhia Paranaense de Energia Trading Down 0.9%
The company's fifty day moving average price is $7.15 and its two-hundred day moving average price is $6.26. The firm has a market cap of $8.70 billion, a P/E ratio of 11.61 and a beta of -0.45.
Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported $0.15 earnings per share for the quarter. The firm had revenue of $1 billion for the quarter.
Companhia Paranaense de Energia Cuts Dividend
The business also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th were paid a $0.1172 dividend. This represents a yield of 5.5%. The ex-dividend date of this dividend was Monday, April 28th. Companhia Paranaense de Energia's dividend payout ratio (DPR) is presently 50.00%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda raised its holdings in Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,091 shares of the company's stock after acquiring 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.
Companhia Paranaense de Energia 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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