Companhia Paranaense de Energia (NYSE:ELPC) Hits New 52-Week High – Time to Buy?

Companhia Paranaense de Energia (NYSE:ELPC) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $8.20 and last traded at $8.19, with a volume of 6893 shares. The stock had previously closed at $8.07.

Companhia Paranaense de Energia Trading Down 1.3%

The firm has a market cap of $8.58 billion, a P/E ratio of 11.45 and a beta of -0.43. The business’s fifty day moving average price is $7.01 and its two-hundred day moving average price is $6.18.

Companhia Paranaense de Energia (NYSE:ELPC) last posted its earnings results on Friday, May 9th. The company reported $0.15 EPS for the quarter. The business had revenue of $1 billion for the quarter.

Companhia Paranaense de Energia Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be issued a dividend of $0.1172 per share. This represents a dividend yield of 5.5%. The ex-dividend date of this dividend is Monday, April 28th. Companhia Paranaense de Energia’s dividend payout ratio is 32.86%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda raised its stake in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,091 shares of the company’s stock after purchasing an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 as of its most recent SEC filing.

Companhia Paranaense de Energia 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, GAS, Power Sale, and Holding and Services segments.