Other equities research analysts also recently issued reports about the company. TheStreet raised CPFL Energia from a “c” rating to a “b-” rating in a report on Tuesday, June 11th. Bradesco Corretora initiated coverage on CPFL Energia in a report on Monday, July 22nd. They set an “outperform” rating on the stock.
CPL traded down $0.14 on Thursday, hitting $17.00. 25,307 shares of the stock traded hands, compared to its average volume of 32,602. CPFL Energia has a 52 week low of $10.36 and a 52 week high of $18.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.27. The company has a market cap of $8.65 billion, a price-to-earnings ratio of 14.07 and a beta of 0.54. The business has a fifty day moving average of $16.13.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in CPFL Energia during the first quarter valued at approximately $395,000. Bank of America Corp DE boosted its holdings in CPFL Energia by 52.6% during the fourth quarter. Bank of America Corp DE now owns 119,045 shares of the utilities provider’s stock valued at $1,762,000 after purchasing an additional 41,018 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in CPFL Energia during the fourth quarter valued at approximately $283,000. 0.35% of the stock is currently owned by institutional investors.
About CPFL Energia
CPFL Energia SA, through its subsidiaries, generates, transmits, distributes, and commercializes electricity to residential, industrial, and commercial customers in Brazil. The company generates electricity through wind, biomass, solar, and hydroelectric power plants. It also manufactures, commercializes, rents, and maintains electro-mechanical equipment; and offers administrative, call center, collection, IT, telecommunication, energy transmission, and energy efficiency management services, as well as maintenance services for energy generation companies.
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