CPFL Energia (CPL) Upgraded at ValuEngine

ValuEngine upgraded shares of CPFL Energia (NYSE:CPL) from a hold rating to a buy rating in a research note issued to investors on Friday, ValuEngine reports.

Shares of CPFL Energia stock opened at $14.97 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 1.27. The company has a market cap of $7.69 billion, a P/E ratio of 13.15 and a beta of 0.70. CPFL Energia has a 52 week low of $10.36 and a 52 week high of $18.17.

The firm also recently announced an annual dividend, which was paid on Friday, May 3rd. Investors of record on Friday, May 3rd were issued a dividend of $0.225 per share. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 2nd. This is an increase from CPFL Energia’s previous annual dividend of $0.14.



Several institutional investors have recently made changes to their positions in CPL. Wells Fargo & Company MN raised its holdings in shares of CPFL Energia by 224.4% during the first quarter. Wells Fargo & Company MN now owns 2,842 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 1,966 shares in the last quarter. Advisors Preferred LLC purchased a new stake in CPFL Energia in the fourth quarter worth $46,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in CPFL Energia in the fourth quarter worth $219,000. Eqis Capital Management Inc. purchased a new stake in CPFL Energia in the fourth quarter worth $221,000. Finally, Jane Street Group LLC purchased a new stake in CPFL Energia in the fourth quarter worth $283,000. Institutional investors own 0.37% of the company’s stock.

CPFL Energia Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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