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

Companhia Paranaense de Energia – COPEL (NYSE:ELP)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $6.24 and last traded at $6.26, with a volume of 85307 shares traded. The stock had previously closed at $6.54.

Companhia Paranaense de Energia – COPEL Stock Up 1.0 %

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 company has a 50-day simple moving average of $6.70 and a two-hundred day simple moving average of $7.09.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.07 EPS for the quarter. The company had revenue of $1.03 billion during the quarter. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. On average, equities analysts predict that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current year.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.1441 per share. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of Companhia Paranaense de Energia – COPEL

Several large investors have recently modified their holdings of ELP. Robeco Institutional Asset Management B.V. lifted its holdings in 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 worth $11,532,000 after buying an additional 258,198 shares during the period. Van ECK Associates Corp lifted its stake 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 acquiring an additional 184,167 shares during the period. Jane Street Group LLC boosted 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 valued at $1,557,000 after acquiring an additional 171,658 shares in the last quarter. Trium Capital LLP increased its position in Companhia Paranaense de Energia – COPEL by 36.0% during the 3rd quarter. Trium Capital LLP now owns 130,919 shares of the utilities provider’s stock valued at $974,000 after purchasing an additional 34,643 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Companhia Paranaense de Energia – COPEL by 11.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 72,216 shares of the utilities provider’s stock worth $483,000 after purchasing an additional 7,540 shares in the last quarter. 3.80% of the stock is owned by institutional investors.

About Companhia Paranaense de Energia – COPEL

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.