Capital Fund Management S.A. lifted its holdings in CPFL Energia S.A. (NYSE:CPL) by 104.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 345,895 shares of the utilities provider’s stock after purchasing an additional 176,947 shares during the quarter. Capital Fund Management S.A. owned 0.07% of CPFL Energia worth $5,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Princeton Alpha Management LP purchased a new position in shares of CPFL Energia in the first quarter worth $167,000. Capstone Asset Management Co. raised its stake in shares of CPFL Energia by 13.6% in the second quarter. Capstone Asset Management Co. now owns 74,711 shares of the utilities provider’s stock worth $1,192,000 after purchasing an additional 8,929 shares during the last quarter. Bogle Investment Management L P DE purchased a new position in shares of CPFL Energia in the first quarter worth $892,000. Vanguard Group Inc. raised its stake in shares of CPFL Energia by 11.7% in the first 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. Finally, AXA purchased a new position in shares of CPFL Energia in the first quarter worth $479,000. Hedge funds and other institutional investors own 1.89% of the company’s stock.
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CPFL Energia S.A. (NYSE:CPL) traded up 0.52% during mid-day trading on Monday, reaching $17.56. The company had a trading volume of 12,969 shares. The firm has a market capitalization of $8.94 billion, a PE ratio of 38.34 and a beta of 1.41. The stock’s 50-day moving average price is $17.12 and its 200 day moving average price is $16.48. CPFL Energia S.A. has a 52 week low of $13.27 and a 52 week high of $17.69.
Separately, BidaskClub upgraded CPFL Energia from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th.
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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