CPFL Energia (NYSE:CPL) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Separately, BidaskClub raised shares of CPFL Energia from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd.

CPFL Energia (CPL) opened at $10.80 on Monday. The stock has a market cap of $5,567.99, a P/E ratio of 20.64 and a beta of 1.32. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.84 and a quick ratio of 0.84. CPFL Energia has a one year low of $10.67 and a one year high of $17.69.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in CPFL Energia by 14.1% in the second quarter. Vanguard Group Inc. now owns 865,510 shares of the utilities provider’s stock valued at $13,805,000 after acquiring an additional 106,648 shares during the last quarter. Northern Trust Corp grew its stake in shares of CPFL Energia by 22.9% during the second quarter. Northern Trust Corp now owns 150,844 shares of the utilities provider’s stock worth $2,405,000 after buying an additional 28,148 shares during the last quarter. State Street Corp grew its stake in shares of CPFL Energia by 25.6% during the second quarter. State Street Corp now owns 377,294 shares of the utilities provider’s stock worth $6,016,000 after buying an additional 76,904 shares during the last quarter. Cowen Inc. grew its stake in shares of CPFL Energia by 29.3% during the second quarter. Cowen Inc. now owns 387,900 shares of the utilities provider’s stock worth $6,187,000 after buying an additional 87,900 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of CPFL Energia during the third quarter worth $1,265,000. 1.76% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “CPFL Energia (CPL) Stock Rating Upgraded by ValuEngine” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/cpfl-energia-cpl-stock-rating-upgraded-by-valuengine/1760676.html.

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.

Receive News & Ratings for CPFL Energia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPFL Energia and related companies with MarketBeat.com's FREE daily email newsletter.