CPFL Energia (NYSE:CPL) Upgraded to “B-” at TheStreet

TheStreet upgraded shares of CPFL Energia (NYSE:CPL) from a c rating to a b- rating in a research note released on Tuesday morning, TheStreetRatingsTable reports.

Separately, ValuEngine upgraded shares of CPFL Energia from a hold rating to a buy rating in a report on Friday, May 10th.

CPL opened at $14.38 on Tuesday. CPFL Energia has a twelve month low of $10.36 and a twelve month high of $18.17. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $7.58 billion, a P/E ratio of 12.42 and a beta of 0.61.

CPFL Energia (NYSE:CPL) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $0.31 earnings per share for the quarter. The firm had revenue of $1.89 billion during the quarter. CPFL Energia had a net margin of 8.04% and a return on equity of 18.32%.

A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in CPFL Energia by 0.9% in the 1st quarter. Renaissance Technologies LLC now owns 1,035,186 shares of the utilities provider’s stock valued at $16,066,000 after acquiring an additional 9,600 shares during the last quarter. Bank of America Corp DE raised its holdings in CPFL Energia by 52.6% in the 4th quarter. Bank of America Corp DE now owns 119,045 shares of the utilities provider’s stock valued at $1,762,000 after acquiring an additional 41,018 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in CPFL Energia in the 1st quarter valued at about $1,304,000. Morgan Stanley increased its holdings in shares of CPFL Energia by 234.5% during the 1st quarter. Morgan Stanley now owns 39,471 shares of the utilities provider’s stock worth $613,000 after buying an additional 27,671 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of CPFL Energia during the 1st quarter worth approximately $395,000. Institutional investors own 0.35% of the company’s stock.

About CPFL Energia

CPFL Energia SA, through its subsidiaries, generates, transmits, distributes, and commercializes electricity to residential, industrial, and commercial customers in Brazil. The company generates electricity through wind, biomass, solar, and hydroelectric power plants. It also manufactures, commercializes, rents, and maintains electro-mechanical equipment; and offers administrative, call center, collection, IT, telecommunication, energy transmission, and energy efficiency management services, as well as maintenance services for energy generation companies.

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