Cowen Inc. Increases Position in CPFL Energia S.A. (CPL)
Cowen Inc. lifted its stake in shares of CPFL Energia S.A. (NYSE:CPL) by 29.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 387,900 shares of the utilities provider’s stock after purchasing an additional 87,900 shares during the quarter. Cowen Inc. owned 0.08% of CPFL Energia worth $6,187,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in shares of CPFL Energia during the 1st quarter valued at approximately $102,000. Global X Management Co. LLC boosted its position in CPFL Energia by 2.6% during the 1st quarter. Global X Management Co. LLC now owns 8,248 shares of the utilities provider’s stock worth $135,000 after buying an additional 210 shares during the period. Princeton Alpha Management LP acquired a new stake in CPFL Energia during the 1st quarter worth approximately $167,000. Koch Industries Inc. acquired a new stake in CPFL Energia during the 1st quarter worth approximately $195,000. Finally, BNP Paribas Arbitrage SA boosted its position in CPFL Energia by 410.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,352 shares of the utilities provider’s stock worth $213,000 after buying an additional 10,734 shares during the period. 1.89% of the stock is currently owned by institutional investors.
Separately, BidaskClub upgraded shares of CPFL Energia from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th.
CPFL Energia S.A. (NYSE CPL) traded up 0.29% during midday trading on Monday, reaching $17.52. 40,031 shares of the company traded hands. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 38.25 and a beta of 1.41. The stock’s 50 day moving average is $17.12 and its 200 day moving average is $16.48. CPFL Energia S.A. has a one year low of $13.27 and a one year high of $17.69.
CPFL Energia Company Profile
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.
Want to see what other hedge funds are holding CPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CPFL Energia S.A. (NYSE:CPL).
Receive News & Stock Ratings for CPFL Energia S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPFL Energia S.A. and related stocks with our FREE daily email newsletter.