Companhia Paranaense de Energia (NYSE:ELPC) Hits New 52-Week Low – What’s Next?

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

Companhia Paranaense de Energia Trading Down 2.0 %

The firm has a fifty day moving average of $5.95 and a 200 day moving average of $6.28.

Companhia Paranaense de Energia Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a dividend of $0.131 per share. 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 increased its stake in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 458,294 shares of the company’s stock after buying an additional 8,417 shares during the quarter. 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.