Schwab Charles Investment Management Inc. Boosts Position in CPFL Energia S.A. (CPL)

Schwab Charles Investment Management Inc. increased its stake in CPFL Energia S.A. (NYSE:CPL) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 213,140 shares of the utilities provider’s stock after purchasing an additional 14,580 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in CPFL Energia were worth $3,658,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Northern Trust Corp raised its holdings in shares of CPFL Energia by 22.9% in the 2nd quarter. Northern Trust Corp now owns 150,844 shares of the utilities provider’s stock worth $2,405,000 after purchasing an additional 28,148 shares during the period. Vanguard Group Inc. raised its holdings in shares of CPFL Energia by 14.1% in the 2nd quarter. Vanguard Group Inc. now owns 865,510 shares of the utilities provider’s stock worth $13,805,000 after purchasing an additional 106,648 shares during the period. State Street Corp raised its holdings in shares of CPFL Energia by 25.6% in the 2nd quarter. State Street Corp now owns 377,294 shares of the utilities provider’s stock worth $6,016,000 after purchasing an additional 76,904 shares during the period. Citadel Advisors LLC bought a new stake in shares of CPFL Energia in the 3rd quarter worth approximately $811,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of CPFL Energia in the 3rd quarter worth approximately $1,265,000. 1.75% of the stock is currently owned by institutional investors.

Shares of CPFL Energia S.A. (CPL) opened at $12.43 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.30. The company has a market cap of $6,326.34, a P/E ratio of 23.45 and a beta of 1.32. CPFL Energia S.A. has a 1-year low of $10.63 and a 1-year high of $17.69.

Separately, ValuEngine cut shares of CPFL Energia from a “buy” rating to a “hold” rating in a report on Wednesday.

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CPFL Energia 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.

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

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