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

Companhia Paranaense de Energia (NYSE:ELPC) shares reached a new 52-week low on Friday . The company traded as low as $5.36 and last traded at $5.36, with a volume of 3170 shares traded. The stock had previously closed at $5.34.

Companhia Paranaense de Energia Price Performance

The company’s 50-day moving average is $5.93 and its two-hundred day moving average is $6.27.

Companhia Paranaense de Energia Dividend Announcement

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

Hedge Funds Weigh In On Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda increased its position in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the 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 as of its most recent SEC filing.

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.