Home Business CPFL Energia (NYSE:CPL) lifted to buy at ValuEngine

CPFL Energia (NYSE:CPL) lifted to buy at ValuEngine

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CPFL Energia SA (NYSE:CPL) 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.

CPFL Energia was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Monday, December 11th.

Separately, BidaskClub raised CPFL Energia from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd.

Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its holdings in shares of CPFL Energia by 410.0% in the second quarter. BNP Paribas Arbitrage SA now owns 13,352 shares of the utilities provider’s stock valued at $213,000 after acquiring an additional 10,734 shares during the period.

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of CPFL Energia by 2.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 16,555 shares of the utilities provider’s stock valued at $264,000 after acquiring an additional 350 shares during the period.

Virtu Financial LLC acquired a new stake in shares of CPFL Energia in the third quarter valued at approximately $462,000. Jane Street Group LLC boosted its holdings in shares of CPFL Energia by 46.8% in the third quarter.

Jane Street Group LLC now owns 36,022 shares of the utilities provider’s stock valued at $618,000 after acquiring an additional 11,485 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of CPFL Energia by 1,297.3% in the third quarter.

JPMorgan Chase & Co. now owns 38,887 shares of the utilities provider’s stock valued at $662,000 after acquiring an additional 36,104 shares during the period. 1.75% of the stock is owned by institutional investors and hedge funds.