Companhia Paranaense de Energia – COPEL (NYSE:ELP) Reaches New 52-Week Low – Time to Sell?

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

Companhia Paranaense de Energia – COPEL Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 1.43. The stock’s fifty day simple moving average is $7.02 and its two-hundred day simple moving average is $7.18.

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

Companhia Paranaense de Energia – COPEL Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Monday, December 9th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.0705 per share. The ex-dividend date is Wednesday, October 2nd.

Institutional Trading of Companhia Paranaense de Energia – COPEL

A number of hedge funds have recently bought and sold shares of ELP. Robeco Institutional Asset Management B.V. increased its holdings in shares of Companhia Paranaense de Energia – COPEL by 20.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,550,046 shares of the utilities provider’s stock valued at $11,532,000 after purchasing an additional 258,198 shares during the period. Van ECK Associates Corp increased its holdings in Companhia Paranaense de Energia – COPEL by 222.9% in the second quarter. Van ECK Associates Corp now owns 266,788 shares of the utilities provider’s stock worth $1,784,000 after buying an additional 184,167 shares during the last quarter. Jane Street Group LLC increased its holdings in Companhia Paranaense de Energia – COPEL by 456.9% in the third quarter. Jane Street Group LLC now owns 209,228 shares of the utilities provider’s stock worth $1,557,000 after buying an additional 171,658 shares during the last quarter. Trium Capital LLP increased its holdings in Companhia Paranaense de Energia – COPEL by 36.0% in the third quarter. Trium Capital LLP now owns 130,919 shares of the utilities provider’s stock worth $974,000 after buying an additional 34,643 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Companhia Paranaense de Energia – COPEL by 11.7% in the second quarter. The Manufacturers Life Insurance Company now owns 72,216 shares of the utilities provider’s stock worth $483,000 after buying an additional 7,540 shares during the last quarter. 3.80% of the stock is owned by hedge funds and other 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.