Companhia Paranaense de Energia – COPEL (NYSE:ELP) Sets New 52-Week Low – Here’s Why

Shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) reached a new 52-week low on Monday . The stock traded as low as $6.35 and last traded at $6.35, with a volume of 374 shares trading hands. The stock had previously closed at $6.44.

Companhia Paranaense de Energia – COPEL Price Performance

The firm’s 50 day simple moving average is $7.02 and its two-hundred day simple moving average is $7.18. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.07 EPS for the quarter. The business had revenue of $1.03 billion during the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. Equities research analysts predict that Companhia Paranaense de Energia – COPEL will post 0.13 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Monday, December 9th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.0705 per share. The ex-dividend date is Wednesday, October 2nd.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

A number of institutional investors and hedge funds have recently bought and sold shares of ELP. Tidal Investments LLC grew its position in Companhia Paranaense de Energia – COPEL by 2.4% in the 1st quarter. Tidal Investments LLC now owns 59,189 shares of the utilities provider’s stock valued at $457,000 after buying an additional 1,398 shares in the last quarter. Blue Trust Inc. lifted its holdings in Companhia Paranaense de Energia – COPEL by 205.3% in the 2nd quarter. Blue Trust Inc. now owns 17,729 shares of the utilities provider’s stock valued at $119,000 after acquiring an additional 11,922 shares during the last quarter. Signaturefd LLC lifted its holdings in Companhia Paranaense de Energia – COPEL by 41.1% in the 2nd quarter. Signaturefd LLC now owns 11,478 shares of the utilities provider’s stock valued at $77,000 after acquiring an additional 3,341 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Companhia Paranaense de Energia – COPEL by 222.9% in the 2nd quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider’s stock valued at $1,784,000 after acquiring an additional 184,167 shares during the last quarter. Finally, Trium Capital LLP lifted its holdings in Companhia Paranaense de Energia – COPEL by 37.5% in the 2nd quarter. Trium Capital LLP now owns 96,276 shares of the utilities provider’s stock valued at $644,000 after acquiring an additional 26,277 shares during the last quarter. Institutional investors own 3.80% of the company’s stock.

About Companhia Paranaense de Energia – COPEL

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, Power Sale, and Gas segments.