CPFL Energia S.A. (CPL) Hits New 12-Month High at $17.33
CPFL Energia S.A. (NYSE:CPL) reached a new 52-week high on Tuesday . The company traded as high as $17.33 and last traded at $17.31, with a volume of 156,053 shares. The stock had previously closed at $17.17.
Separately, BidaskClub raised CPFL Energia from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd.
The stock’s 50-day moving average is $17.05 and its 200-day moving average is $16.45. The company has a market cap of $8.80 billion, a P/E ratio of 37.762 and a beta of 1.41.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in shares of CPFL Energia during the first quarter valued at approximately $102,000. Global X Management Co. LLC grew its stake in shares of CPFL Energia by 2.6% during the first quarter. Global X Management Co. LLC now owns 8,248 shares of the utilities provider’s stock valued at $135,000 after purchasing an additional 210 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of CPFL Energia by 3.1% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,291 shares of the utilities provider’s stock valued at $136,000 after purchasing an additional 250 shares during the last quarter. Princeton Alpha Management LP bought a new stake in shares of CPFL Energia during the first quarter valued at approximately $167,000. Finally, Koch Industries Inc. bought a new stake in shares of CPFL Energia during the first quarter valued at approximately $195,000. 1.89% of the stock is currently owned by institutional investors and hedge funds.
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About CPFL Energia
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.