Companhia Paranaense de Energia – COPEL (NYSE:ELP) Reaches New 1-Year Low – Here’s Why

Companhia Paranaense de Energia – COPEL (NYSE:ELP) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $6.43 and last traded at $6.46, with a volume of 18113 shares. The stock had previously closed at $6.65.

Companhia Paranaense de Energia – COPEL Stock Down 1.8 %

The company has a current ratio of 1.57, a quick ratio of 1.55 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $7.25 and a 200-day simple moving average of $7.23.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $1.03 billion during the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 11.70% and a net margin of 14.20%.

Companhia Paranaense de Energia – COPEL Cuts Dividend

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

Institutional Trading of Companhia Paranaense de Energia – COPEL

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Companhia Paranaense de Energia – COPEL by 61.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,380 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 2,043 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of 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 purchasing an additional 3,341 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 purchasing an additional 11,922 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Companhia Paranaense de Energia – COPEL by 16.6% in the 3rd quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider’s stock valued at $127,000 after purchasing an additional 2,441 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Companhia Paranaense de Energia – COPEL in the 2nd quarter valued at about $167,000. 3.80% of the stock is owned by hedge funds and other institutional investors.

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.