Deutsche Bank AG Has $156,000 Position in CPFL Energia S.A. (CPL)

Deutsche Bank AG lessened its holdings in CPFL Energia S.A. (NYSE:CPL) by 71.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,609 shares of the utilities provider’s stock after selling 33,536 shares during the period. Deutsche Bank AG’s holdings in CPFL Energia were worth $156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CPL. Jefferies Group LLC purchased a new stake in CPFL Energia in the 4th quarter valued at about $116,000. Tower Research Capital LLC TRC increased its stake in CPFL Energia by 905,150.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 36,210 shares of the utilities provider’s stock valued at $416,000 after buying an additional 36,206 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in CPFL Energia by 8.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,014,786 shares of the utilities provider’s stock valued at $11,670,000 after buying an additional 80,800 shares during the last quarter. Institutional investors own 0.43% of the company’s stock.

NYSE:CPL opened at $12.18 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 22.77 and a beta of 1.26. CPFL Energia S.A. has a 52 week low of $10.63 and a 52 week high of $17.69.

The company also recently disclosed an annual dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, May 1st were paid a $0.142 dividend. This is a positive change from CPFL Energia’s previous annual dividend of $0.10. The ex-dividend date of this dividend was Monday, April 30th. This represents a yield of 1.03%.

Separately, ValuEngine lowered shares of CPFL Energia from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th.

About CPFL Energia

CPFL Energia SA, together with its subsidiaries, generates, transmits, distributes, and commercializes electricity to residential, industrial, and commercial customers in Brazil. The company generates electricity through wind, biomass-powered thermal, 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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Institutional Ownership by Quarter for CPFL Energia (NYSE:CPL)

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