Companhia Paranaense de Energia – COPEL (NYSE:ELP) Reaches New 12-Month Low – Here’s Why

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

Companhia Paranaense de Energia – COPEL Price Performance

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 firm has a fifty day moving average of $7.37 and a two-hundred day moving average of $7.26.

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

Companhia Paranaense de Energia – COPEL Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norden Group LLC purchased a new position in Companhia Paranaense de Energia – COPEL in the 1st quarter worth approximately $194,000. Diversify Advisory Services LLC purchased a new position in shares of Companhia Paranaense de Energia – COPEL in the first quarter worth $242,000. Tidal Investments LLC lifted its holdings 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 purchasing an additional 1,398 shares in the last quarter. Blue Trust Inc. increased 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 worth $119,000 after buying an additional 11,922 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Companhia Paranaense de Energia – COPEL by 41.1% during 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 period. 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.