Shares of Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.50 and last traded at $7.42, with a volume of 1274 shares. The stock had previously closed at $7.37.
Companhia Paranaense de Energia Stock Performance
The company has a market capitalization of $8.59 billion, a PE ratio of 11.47 and a beta of -0.43. The company has a 50 day moving average price of $6.71 and a 200 day moving average price of $6.07.
Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.15 earnings per share for the quarter. The company had revenue of $1 billion for the quarter.
Companhia Paranaense de Energia Cuts Dividend
The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be issued a dividend of $0.1172 per share. This represents a yield of 5.5%. The ex-dividend date of this dividend is Monday, April 28th. Companhia Paranaense de Energia's dividend payout ratio is presently 32.86%.
Institutional Trading of Companhia Paranaense de Energia
A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda lifted 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 & Exchange Commission. The fund owned 68,091 shares of the company's stock after buying 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 reporting period.
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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