Companhia Paranaense de Energia – COPEL (NYSE:ELP) Sets New 1-Year Low – Here’s Why

Shares of Companhia Paranaense de Energia – COPEL (NYSE:ELP) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.43 and last traded at $6.46, with a volume of 18113 shares trading hands. The stock had previously closed at $6.65.

Companhia Paranaense de Energia – COPEL Trading Down 3.0 %

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.57 and a quick ratio of 1.55. The stock’s 50-day simple moving average is $7.27 and its 200 day simple moving average is $7.24.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last released its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.03 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 business had revenue of $1.05 billion for the quarter.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The firm 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 dividend of $0.0705 per share. The ex-dividend date is Wednesday, October 2nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. grew its holdings in Companhia Paranaense de Energia – COPEL by 20.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,550,046 shares of the utilities provider’s stock worth $11,532,000 after acquiring an additional 258,198 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of Companhia Paranaense de Energia – COPEL by 16.6% during the third quarter. Ballentine Partners LLC now owns 17,128 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 2,441 shares in the last quarter. Signaturefd LLC grew its stake in shares of Companhia Paranaense de Energia – COPEL by 12.6% during the third quarter. Signaturefd LLC now owns 12,929 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 1,451 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 66.4% in the third quarter. Blue Trust Inc. now owns 29,503 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 11,774 shares in the last quarter. Finally, Creative Planning raised its position in Companhia Paranaense de Energia – COPEL by 13.3% in the 3rd quarter. Creative Planning now owns 65,614 shares of the utilities provider’s stock worth $488,000 after purchasing an additional 7,690 shares during the last quarter. 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.