Companhia Paranaense de Energia (NYSE:ELPC) Sets New 1-Year Low – Here’s What Happened

Companhia Paranaense de Energia (NYSE:ELPC) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $5.36 and last traded at $5.36, with a volume of 3170 shares traded. The stock had previously closed at $5.34.

Companhia Paranaense de Energia Price Performance

The firm’s 50-day simple moving average is $5.93 and its 200 day simple moving average is $6.27.

Companhia Paranaense de Energia Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a $0.131 dividend. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda grew its position in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 458,294 shares of the company’s stock after buying an additional 8,417 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 at the end of the most recent reporting period.

About Companhia Paranaense de Energia

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, GAS, Power Sale, and Holding and Services segments.