CPFL Energia SA (NYSE:CPL) was up 0.9% on Wednesday . The company traded as high as $14.54 and last traded at $14.32, with a volume of 309,791 shares changing hands. The stock had previously closed at $14.19.

Separately, Zacks Investment Research raised CPFL Energia SA from a “sell” rating to a “hold” rating in a report on Thursday, August 25th.

The company has a 50-day moving average of $14.06 and a 200 day moving average of $11.49. The firm has a market cap of $7.31 billion and a price-to-earnings ratio of 21.89.

A hedge fund recently raised its stake in CPFL Energia SA stock. Ameriprise Financial Inc. raised its position in CPFL Energia SA (NYSE:CPL) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 303,277 shares of the company’s stock after buying an additional 4,540 shares during the period. Ameriprise Financial Inc. owned approximately 0.06% of CPFL Energia SA worth $2,251,000 at the end of the most recent quarter.

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 Generation Sources, Commercialization, Services and Other.

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