Companhia Paranaense de Energia – COPEL (NYSE:ELP) Stock Passes Above 200-Day Moving Average – Time to Sell?

Companhia Paranaense de Energia – COPEL (NYSE:ELP)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.83 and traded as high as $7.24. Companhia Paranaense de Energia – COPEL shares last traded at $7.17, with a volume of 149,768 shares changing hands.

Companhia Paranaense de Energia – COPEL Trading Down 1.3 %

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 company has a 50-day moving average of $6.28 and a two-hundred day moving average of $6.83.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were given a dividend of $0.1441 per share. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

Hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Companhia Paranaense de Energia – COPEL in the third quarter worth $34,000. R Squared Ltd acquired a new stake in shares of Companhia Paranaense de Energia – COPEL in the fourth quarter worth about $31,000. PNC Financial Services Group Inc. lifted its stake in shares of Companhia Paranaense de Energia – COPEL by 78.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider’s stock worth $52,000 after buying an additional 3,849 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Companhia Paranaense de Energia – COPEL during the fourth quarter valued at about $56,000. Finally, First Affirmative Financial Network acquired a new stake in Companhia Paranaense de Energia – COPEL in the 4th quarter valued at approximately $64,000. 3.80% of the stock is currently owned by institutional investors and hedge funds.

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.