Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Trading Down 0.1% – What’s Next?

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE)’s stock price dropped 0.1% during mid-day trading on Monday . The stock traded as low as $24.18 and last traded at $24.28. Approximately 7,132 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 19,120 shares. The stock had previously closed at $24.31.

Tennessee Valley Authority PARRS A 2029 Price Performance

The business has a 50-day simple moving average of $24.13 and a 200 day simple moving average of $23.73.

Tennessee Valley Authority PARRS A 2029 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be paid a dividend of $86.5625 per share. This represents a $346.25 dividend on an annualized basis and a yield of 1,432.0%. The ex-dividend date is Friday, January 30th. This is a positive change from Tennessee Valley Authority PARRS A 2029’s previous quarterly dividend of $0.14.

Institutional Trading of Tennessee Valley Authority PARRS A 2029

An institutional investor recently raised its position in Tennessee Valley Authority PARRS A 2029 stock. Iat Reinsurance Co. LTD. increased its position in shares of Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) by 100.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 520,000 shares of the company’s stock after purchasing an additional 260,000 shares during the period. Tennessee Valley Authority PARRS A 2029 accounts for 2.6% of Iat Reinsurance Co. LTD.’s portfolio, making the stock its 12th largest holding. Iat Reinsurance Co. LTD.’s holdings in Tennessee Valley Authority PARRS A 2029 were worth $12,267,000 at the end of the most recent quarter.

Tennessee Valley Authority PARRS A 2029 Company Profile

Tennessee Valley Authority (TVA) PARRS A 2029 (NYSE:TVE) refers to a series of Power System Revenue Bonds issued by the Tennessee Valley Authority, a federally owned corporation established in 1933. As one of the largest public utilities in the United States, TVA operates under a self-financing model that relies on revenues generated from electricity sales rather than tax dollars. The PARRS A 2029 bonds form part of TVA’s long-term debt portfolio, with proceeds earmarked for capital improvements, system modernization and the expansion of generation and transmission capacity.

TVA’s core business encompasses the generation, transmission and sale of electricity across a seven-state service territory that includes most of Tennessee and parts of Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.