CPFL Energia SA (CPL) Sets New 1-Year High at $13.51
CPFL Energia SA (NYSE:CPL) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.51 and last traded at $13.30, with a volume of 800,938 shares trading hands. The stock had previously closed at $12.80.
Separately, Zacks Investment Research cut shares of CPFL Energia SA from a “buy” rating to a “hold” rating in a report on Thursday, March 31st.
The company has a market capitalization of $6.73 billion and a price-to-earnings ratio of 22.71. The stock’s 50-day moving average is $11.35 and its 200-day moving average is $9.64.
A hedge fund recently raised its stake in CPFL Energia SA stock. BARING ASSET MANAGEMENT Ltd increased its stake in CPFL Energia SA (NYSE:CPL) by 80.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 492,327 shares of the company’s stock after buying an additional 219,000 shares during the period. BARING ASSET MANAGEMENT Ltd owned 0.10% of CPFL Energia SA worth $3,653,000 as of its most recent filing with the SEC.
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.