Companhia Paranaense de Energia (NYSE:ELPC) Sets New 1-Year Low – What’s Next?

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

Companhia Paranaense de Energia Trading Down 2.0 %

The stock has a fifty day simple moving average of $5.95 and a 200-day simple moving average of $6.28.

Companhia Paranaense de Energia Announces Dividend

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

Institutional Trading of Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda boosted its holdings in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the 2nd quarter, according to its most recent 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 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 SEC.

About Companhia Paranaense de Energia

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.