CPFL Energia (NYSE:CPL) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of CPFL Energia (NYSE:CPL) from a buy rating to a hold rating in a research note published on Wednesday, January 10th.

CPFL Energia (NYSE:CPL) opened at $12.82 on Wednesday. The company has a market cap of $6,550.00, a price-to-earnings ratio of 24.65 and a beta of 1.47. CPFL Energia has a 1 year low of $10.63 and a 1 year high of $17.69. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.30.

CPFL Energia (NYSE:CPL) last issued its quarterly earnings results on Monday, November 13th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter. CPFL Energia had a return on equity of 8.18% and a net margin of 3.48%. The company had revenue of $2.46 billion for the quarter.

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA lifted its stake in 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 purchasing an additional 10,734 shares during the period. Virtu Financial LLC bought a new position in shares of CPFL Energia in the third quarter valued at approximately $462,000. Jane Street Group LLC raised its stake in shares of CPFL Energia by 46.8% in the third quarter. Jane Street Group LLC now owns 36,022 shares of the utilities provider’s stock valued at $618,000 after acquiring an additional 11,485 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in CPFL Energia by 1,297.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,887 shares of the utilities provider’s stock worth $662,000 after acquiring an additional 36,104 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in CPFL Energia during the 3rd quarter worth $811,000. Hedge funds and other institutional investors own 1.70% of the company’s stock.

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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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