Shares of Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.50 and last traded at $7.42, with a volume of 1274 shares changing hands. The stock had previously closed at $7.37.
Companhia Paranaense de Energia Price Performance
The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 10.59 and a beta of -0.43. The firm has a fifty day moving average of $6.58 and a 200 day moving average of $6.03.
Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $1.03 billion for the quarter.
Companhia Paranaense de Energia Cuts Dividend
The company also recently declared 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. This represents a dividend yield of 5.5%. The ex-dividend date of this dividend is Monday, April 28th. Companhia Paranaense de Energia's payout ratio is presently 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 position in Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.
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.
Further Reading
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