CPFL Energia (NYSE:CPL) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Shares of CPFL Energia (NYSE CPL) traded up $0.67 during midday trading on Wednesday, reaching $12.26. The company’s stock had a trading volume of 385,446 shares, compared to its average volume of 146,900. The stock has a market cap of $5,990.00, a P/E ratio of 23.58 and a beta of 1.31. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.84 and a quick ratio of 0.84. CPFL Energia has a 12 month low of $10.63 and a 12 month high of $17.69.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in CPFL Energia during the 3rd quarter worth about $462,000. Jane Street Group LLC lifted its holdings in CPFL Energia by 46.8% during the 3rd quarter. Jane Street Group LLC now owns 36,022 shares of the utilities provider’s stock worth $618,000 after buying an additional 11,485 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in CPFL Energia by 7.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 213,140 shares of the utilities provider’s stock worth $3,658,000 after buying an additional 14,580 shares during the last quarter. Citadel Advisors LLC purchased a new stake in CPFL Energia during the 3rd quarter worth about $811,000. Finally, JPMorgan Chase & Co. lifted its holdings in CPFL Energia by 1,297.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,887 shares of the utilities provider’s stock worth $662,000 after buying an additional 36,104 shares during the last quarter. 1.75% of the stock is owned by institutional investors.

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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.

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

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