Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Trading Up 0.2% – Here’s Why

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE)’s stock price was up 0.2% during mid-day trading on Friday . The company traded as high as $22.44 and last traded at $22.38. Approximately 8,422 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 17,260 shares. The stock had previously closed at $22.34.

Tennessee Valley Authority PARRS A 2029 Stock Performance

The stock’s 50-day moving average is $22.60 and its 200 day moving average is $22.23.

Tennessee Valley Authority PARRS A 2029 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 31st were given a dividend of $0.1385 per share. This represents a $0.55 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, October 31st.

Institutional Investors Weigh In On Tennessee Valley Authority PARRS A 2029

A hedge fund recently raised its stake in Tennessee Valley Authority PARRS A 2029 stock. Summit Financial LLC boosted its stake in shares of Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) by 30.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,791 shares of the company’s stock after purchasing an additional 9,550 shares during the period. Summit Financial LLC’s holdings in Tennessee Valley Authority PARRS A 2029 were worth $899,000 at the end of the most recent reporting 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.