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

Shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) hit a new 52-week low during trading on Monday . The stock traded as low as $6.35 and last traded at $6.35, with a volume of 374 shares. The stock had previously closed at $6.44.

Companhia Paranaense de Energia – COPEL Stock Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.43 and a current ratio of 1.45. The stock’s 50 day simple moving average is $6.99 and its two-hundred day simple moving average is $7.18.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.07 earnings per share for the quarter. Companhia Paranaense de Energia – COPEL had a return on equity of 11.88% and a net margin of 14.20%. The company had revenue of $1.03 billion for the quarter. On average, sell-side analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.13 EPS for the current fiscal year.

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.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in Companhia Paranaense de Energia – COPEL by 456.9% during the 3rd quarter. Jane Street Group LLC now owns 209,228 shares of the utilities provider’s stock worth $1,557,000 after acquiring an additional 171,658 shares during the last quarter. Quantinno Capital Management LP lifted its position in Companhia Paranaense de Energia – COPEL by 33.1% during the 3rd quarter. Quantinno Capital Management LP now owns 21,909 shares of the utilities provider’s stock worth $163,000 after buying an additional 5,445 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Companhia Paranaense de Energia – COPEL in the 3rd quarter valued at about $34,000. Walleye Capital LLC bought a new position in shares of Companhia Paranaense de Energia – COPEL in the third quarter worth about $135,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Companhia Paranaense de Energia – COPEL in the third quarter worth about $171,000. 3.80% of the stock is owned by institutional investors.

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.