Ameriprise Financial Inc. Sells 459 Shares of CPFL Energia S.A. (CPL)

Ameriprise Financial Inc. reduced its stake in CPFL Energia S.A. (NYSE:CPL) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,359 shares of the utilities provider’s stock after selling 459 shares during the period. Ameriprise Financial Inc.’s holdings in CPFL Energia were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp boosted its stake 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 buying an additional 350 shares during the period. Capstone Asset Management Co. boosted its stake in shares of CPFL Energia by 13.6% in the second quarter. Capstone Asset Management Co. now owns 74,711 shares of the utilities provider’s stock valued at $1,192,000 after buying an additional 8,929 shares during the period. BNP Paribas Arbitrage SA boosted its stake 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 buying an additional 10,734 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of CPFL Energia by 138.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 19,791 shares of the utilities provider’s stock valued at $304,000 after buying an additional 11,500 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of CPFL Energia by 17.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 127,377 shares of the utilities provider’s stock valued at $2,088,000 after buying an additional 18,512 shares during the period. Institutional investors and hedge funds own 1.86% of the company’s stock.

Shares of CPFL Energia S.A. (NYSE CPL) opened at $16.56 on Wednesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $8,535.21, a P/E ratio of 36.46 and a beta of 1.46. CPFL Energia S.A. has a 12 month low of $13.76 and a 12 month high of $17.69.

Separately, BidaskClub cut CPFL Energia from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th.

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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.

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Institutional Ownership by Quarter for CPFL Energia (NYSE:CPL)

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