CPFL Energia SA (NYSE:CPL) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $15.18 and last traded at $15.16, with a volume of 395,005 shares trading hands. The stock had previously closed at $14.81.

Separately, Zacks Investment Research upgraded shares of CPFL Energia SA from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st.

The firm has a 50 day moving average price of $14.43 and a 200 day moving average price of $12.15. The firm has a market capitalization of $7.72 billion, a PE ratio of 23.61 and a beta of 1.60.

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Hedge funds have recently modified their holdings of the stock. Aperio Group LLC raised its stake in shares of CPFL Energia SA by 8.5% in the first quarter. Aperio Group LLC now owns 168,103 shares of the company’s stock valued at $1,831,000 after buying an additional 13,182 shares during the period. BlackRock Inc. raised its stake in shares of CPFL Energia SA by 9.5% in the first quarter. BlackRock Inc. now owns 28,789 shares of the company’s stock valued at $313,000 after buying an additional 2,490 shares during the period. BlackRock Group LTD raised its stake in shares of CPFL Energia SA by 0.3% in the first quarter. BlackRock Group LTD now owns 174,426 shares of the company’s stock valued at $1,899,000 after buying an additional 558 shares during the period. State Street Corp raised its stake in shares of CPFL Energia SA by 11.2% in the first quarter. State Street Corp now owns 240,486 shares of the company’s stock valued at $2,617,000 after buying an additional 24,273 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of CPFL Energia SA by 538.6% in the first quarter. Renaissance Technologies LLC now owns 153,900 shares of the company’s stock valued at $1,676,000 after buying an additional 129,800 shares during the period. Institutional investors and hedge funds own 1.71% of the company’s stock.

About CPFL Energia SA

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.

5 Day Chart for NYSE:CPL

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