Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Shares Down 0.5% – Should You Sell?

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) shares fell 0.5% during mid-day trading on Monday . The company traded as low as $24.08 and last traded at $24.08. 5,011 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 19,681 shares. The stock had previously closed at $24.20.

Tennessee Valley Authority PARRS A 2029 Price Performance

The company’s 50 day simple moving average is $23.99 and its two-hundred day simple moving average is $23.61.

Tennessee Valley Authority PARRS A 2029 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 31st were given a dividend of $0.1385 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $0.55 dividend on an annualized basis and a yield of 2.3%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Nvwm LLC bought a new stake in shares of Tennessee Valley Authority PARRS A 2029 in the second quarter valued at about $117,000. Summit Financial LLC grew its holdings in shares of Tennessee Valley Authority PARRS A 2029 by 2.8% during the 1st quarter. Summit Financial LLC now owns 47,581 shares of the company’s stock worth $1,121,000 after purchasing an additional 1,296 shares in the last quarter. Finally, Iat Reinsurance Co. LTD. increased its position in shares of Tennessee Valley Authority PARRS A 2029 by 100.0% during the third quarter. Iat Reinsurance Co. LTD. now owns 520,000 shares of the company’s stock valued at $12,267,000 after purchasing an additional 260,000 shares during the period.

Tennessee Valley Authority PARRS A 2029 Company Profile

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.