Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Shares Down 0.7% – Time to Sell?

Shares of Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) were down 0.7% on Tuesday . The stock traded as low as $23.75 and last traded at $23.83. Approximately 12,696 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 20,674 shares. The stock had previously closed at $24.00.

Tennessee Valley Authority PARRS A 2029 Price Performance

The company has a 50-day moving average price of $23.66 and a two-hundred day moving average price of $23.40.

Tennessee Valley Authority PARRS A 2029 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 31st will be given a $0.1385 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.55 annualized dividend and a dividend yield of 2.3%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tennessee Valley Authority PARRS A 2029 stock. Summit Financial LLC lifted its holdings in Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,581 shares of the company’s stock after acquiring an additional 1,296 shares during the period. Summit Financial LLC’s holdings in Tennessee Valley Authority PARRS A 2029 were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission.

About Tennessee Valley Authority PARRS A 2029

for more than eight decades, the tennessee valley authority has provided affordable electricity, environmental stewardship and economic development opportunities to the tennessee valley. tva was established by congress in 1933 to address a wide range of environmental, economic and technological issues, including the need for low-cost electricity, and navigation and flood control along the tennessee river system.