Capital Fund Management S.A. raised its position in CPFL Energia S.A. (NYSE:CPL) by 104.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 345,895 shares of the utilities provider’s stock after purchasing an additional 176,947 shares during the period. Capital Fund Management S.A. owned 0.07% of CPFL Energia worth $5,517,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Renaissance Technologies LLC increased its stake in shares of CPFL Energia by 24.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,041,511 shares of the utilities provider’s stock worth $17,070,000 after acquiring an additional 204,125 shares during the last quarter. Vanguard Group Inc. increased its position in shares of CPFL Energia by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 758,862 shares of the utilities provider’s stock worth $12,438,000 after purchasing an additional 79,301 shares during the last quarter. Cowen Group Inc. acquired a new stake in shares of CPFL Energia during the 1st quarter worth about $4,917,000. Schwab Charles Investment Management Inc. increased its position in shares of CPFL Energia by 55.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 198,560 shares of the utilities provider’s stock worth $3,168,000 after purchasing an additional 71,183 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of CPFL Energia during the 1st quarter worth about $2,576,000. 1.89% of the stock is owned by institutional investors and hedge funds.
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CPFL Energia S.A. (NYSE:CPL) opened at 26.97 on Tuesday. CPFL Energia S.A. has a one year low of $13.27 and a one year high of $26.97. The stock has a market capitalization of $13.73 billion, a PE ratio of 58.89 and a beta of 1.41. The company’s 50-day moving average price is $17.18 and its 200-day moving average price is $16.53.
Separately, BidaskClub raised CPFL Energia from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd.
About CPFL Energia
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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