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

Companhia Paranaense de Energia (NYSE:ELPC)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.12 and last traded at $5.12, with a volume of 2470 shares trading hands. The stock had previously closed at $5.39.

Companhia Paranaense de Energia Trading Down 5.0 %

The business has a fifty day simple moving average of $5.86 and a 200 day simple moving average of $6.25.

Companhia Paranaense de Energia Dividend Announcement

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

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 lifted its stake in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 458,294 shares of the company’s stock after purchasing an additional 8,417 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 at the end of the most recent quarter.

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.