Goldman Sachs Group Inc. Has $30.88 Million Holdings in CPFL Energia S.A. (CPL)

Goldman Sachs Group Inc. raised its stake in shares of CPFL Energia S.A. (NYSE:CPL) by 147.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,936,014 shares of the utilities provider’s stock after purchasing an additional 1,152,791 shares during the period. Goldman Sachs Group Inc. owned 0.38% of CPFL Energia worth $30,879,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in CPFL Energia by 24.4% during the first quarter. Renaissance Technologies LLC now owns 1,041,511 shares of the utilities provider’s stock valued at $17,070,000 after purchasing an additional 204,125 shares during the last quarter. Vanguard Group Inc. grew its holdings in CPFL Energia by 14.1% during the second quarter. Vanguard Group Inc. now owns 865,510 shares of the utilities provider’s stock valued at $13,805,000 after purchasing an additional 106,648 shares during the last quarter. Cowen Inc. grew its holdings in CPFL Energia by 29.3% during the second quarter. Cowen Inc. now owns 387,900 shares of the utilities provider’s stock valued at $6,187,000 after purchasing an additional 87,900 shares during the last quarter. Capital Fund Management S.A. grew its holdings in CPFL Energia by 104.7% during the second quarter. Capital Fund Management S.A. now owns 345,895 shares of the utilities provider’s stock valued at $5,517,000 after purchasing an additional 176,947 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in CPFL Energia by 55.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 198,560 shares of the utilities provider’s stock valued at $3,168,000 after purchasing an additional 71,183 shares during the last quarter. Institutional investors own 1.89% of the company’s stock.

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

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CPFL Energia S.A. (NYSE CPL) opened at 17.17 on Wednesday. CPFL Energia S.A. has a one year low of $13.27 and a one year high of $17.69. The firm has a market cap of $8.74 billion, a P/E ratio of 37.49 and a beta of 1.40. The firm’s 50-day moving average price is $17.24 and its 200 day moving average price is $16.62.

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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