CPFL Energia (NYSE:CPL) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
Shares of CPFL Energia (CPL) traded up $0.67 during midday trading on Wednesday, reaching $12.26. 385,446 shares of the company traded hands, compared to its average volume of 146,900. The stock has a market cap of $5,990.00, a price-to-earnings ratio of 23.58 and a beta of 1.31. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.84 and a current ratio of 0.84. CPFL Energia has a 12 month low of $10.63 and a 12 month high of $17.69.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its holdings in shares of CPFL Energia by 410.0% during the second quarter. BNP Paribas Arbitrage SA now owns 13,352 shares of the utilities provider’s stock worth $213,000 after buying an additional 10,734 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of CPFL Energia during the third quarter worth $462,000. Jane Street Group LLC grew its holdings in shares of CPFL Energia by 46.8% during the third quarter. Jane Street Group LLC now owns 36,022 shares of the utilities provider’s stock worth $618,000 after buying an additional 11,485 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of CPFL Energia by 1,297.3% during the third quarter. JPMorgan Chase & Co. now owns 38,887 shares of the utilities provider’s stock worth $662,000 after buying an additional 36,104 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of CPFL Energia during the third quarter worth $811,000. 1.75% of the stock is owned by institutional investors.
CPFL Energia Company Profile
CPFL Energia SA is a holding company. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related services. Its segments include Distribution, Conventional Generation Sources, Renewable Energy Generation, Commercialization and Services.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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