CPFL Energia (CPL) Stock Rating Upgraded by ValuEngine
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.
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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.
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