Companhia Paranaense de Energia – COPEL (NYSE:ELP) Hits New 52-Week Low – Time to Sell?

Companhia Paranaense de Energia – COPEL (NYSE:ELP) shares hit a new 52-week low on Friday . The stock traded as low as $6.52 and last traded at $6.53, with a volume of 44220 shares. The stock had previously closed at $6.71.

Companhia Paranaense de Energia – COPEL Trading Down 3.1 %

The company has a quick ratio of 1.55, a current ratio of 1.57 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average of $7.37 and a 200-day moving average of $7.26.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.03 EPS for the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 10.87% and a return on equity of 9.07%. The company had revenue of $1.05 billion for the quarter.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business 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 $0.0705 dividend. The ex-dividend date is Wednesday, October 2nd.

Institutional Trading of Companhia Paranaense de Energia – COPEL

Institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC increased its position in shares of Companhia Paranaense de Energia – COPEL by 2.4% during the first 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 during the period. Signaturefd LLC grew its position in shares of Companhia Paranaense de Energia – COPEL by 12.6% during the 3rd quarter. Signaturefd LLC now owns 12,929 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 1,451 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 61.2% in the third quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 2,043 shares during the period. Ballentine Partners LLC boosted its stake in Companhia Paranaense de Energia – COPEL by 16.6% during the third quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider’s stock valued at $127,000 after buying an additional 2,441 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Companhia Paranaense de Energia – COPEL by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 52,256 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 4,667 shares during the last quarter. Hedge funds and other institutional investors own 3.80% of the company’s stock.

Companhia Paranaense de Energia – COPEL Company Profile

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.