Profund Advisors LLC trimmed its holdings in shares of CPFL Energia S.A. (NYSE:CPL) by 10.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,913 shares of the utilities provider’s stock after selling 6,673 shares during the period. Profund Advisors LLC’s holdings in CPFL Energia were worth $876,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Global X Management Co. LLC raised its stake in shares of CPFL Energia by 2.6% during the 1st quarter. Global X Management Co. LLC now owns 8,248 shares of the utilities provider’s stock worth $135,000 after buying an additional 210 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of CPFL Energia by 2.2% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,555 shares of the utilities provider’s stock worth $264,000 after buying an additional 350 shares in the last quarter. Comerica Bank raised its stake in shares of CPFL Energia by 1.3% during the 1st quarter. Comerica Bank now owns 29,227 shares of the utilities provider’s stock worth $475,000 after buying an additional 379 shares in the last quarter. World Asset Management Inc raised its stake in shares of CPFL Energia by 1.3% during the 1st quarter. World Asset Management Inc now owns 31,707 shares of the utilities provider’s stock worth $520,000 after buying an additional 406 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of CPFL Energia during the 1st quarter worth approximately $102,000. 1.89% of the stock is owned by institutional investors and hedge funds.

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Separately, BidaskClub downgraded CPFL Energia from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th.

CPFL Energia S.A. (NYSE CPL) opened at 17.35 on Friday. The stock’s 50 day moving average price is $17.18 and its 200-day moving average price is $16.53. The stock has a market capitalization of $8.83 billion, a P/E ratio of 37.72 and a beta of 1.41. CPFL Energia S.A. has a 52 week low of $13.27 and a 52 week high of $17.69.

CPFL Energia 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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Institutional Ownership by Quarter for CPFL Energia (NYSE:CPL)

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