Companhia Paranaense de Energia (NYSE:ELPC) Sets New 52-Week Low – What’s Next?

Companhia Paranaense de Energia (NYSE:ELPC)’s share price hit a new 52-week low on Friday . The stock traded as low as $5.45 and last traded at $5.63, with a volume of 2400 shares trading hands. The stock had previously closed at $5.85.

Companhia Paranaense de Energia Price Performance

The stock’s 50 day moving average is $6.14 and its two-hundred day moving average is $6.35.

Companhia Paranaense de Energia Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.131 dividend. The ex-dividend date is Friday, December 13th.

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 grew its position in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 458,294 shares of the company’s stock after purchasing an additional 8,417 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 as of its most recent filing with the SEC.

Companhia Paranaense de Energia 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, GAS, Power Sale, and Holding and Services segments.