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

Companhia Paranaense de Energia (NYSE:ELPC) reached 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. The stock had previously closed at $5.85.

Companhia Paranaense de Energia Stock Down 2.1 %

The business’s 50 day moving average price is $6.14 and its 200-day moving average price is $6.35.

Companhia Paranaense de Energia Dividend Announcement

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda grew its stake in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 458,294 shares of the company’s stock after acquiring 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 Securities and Exchange Commission.

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.