Comp En De Mn Cemig ADS $CIG Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Comp En De Mn Cemig ADS (NYSE:CIG) by 29.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,769,024 shares of the utilities provider’s stock after buying an additional 850,358 shares during the quarter. American Century Companies Inc. owned approximately 0.13% of Comp En De Mn Cemig ADS worth $7,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CIG. GAMMA Investing LLC boosted its stake in Comp En De Mn Cemig ADS by 69.2% during the 2nd quarter. GAMMA Investing LLC now owns 15,227 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 6,227 shares during the last quarter. MAI Capital Management acquired a new stake in shares of Comp En De Mn Cemig ADS in the 2nd quarter valued at about $41,000. Precision Wealth Strategies LLC bought a new position in shares of Comp En De Mn Cemig ADS during the second quarter worth about $154,000. Raiffeisen Bank International AG grew its stake in Comp En De Mn Cemig ADS by 8.5% in the second quarter. Raiffeisen Bank International AG now owns 98,713 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 7,725 shares in the last quarter. Finally, Metis Global Partners LLC increased its holdings in Comp En De Mn Cemig ADS by 25.7% in the second quarter. Metis Global Partners LLC now owns 103,517 shares of the utilities provider’s stock valued at $203,000 after buying an additional 21,165 shares during the last quarter.

Comp En De Mn Cemig ADS Price Performance

Shares of NYSE:CIG opened at $2.02 on Friday. The firm’s 50 day moving average is $2.07 and its two-hundred day moving average is $1.98. The firm has a market capitalization of $5.78 billion, a P/E ratio of 10.10 and a beta of 0.95. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. Comp En De Mn Cemig ADS has a 52 week low of $1.59 and a 52 week high of $2.30.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Comp En De Mn Cemig ADS in a report on Monday. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Comp En De Mn Cemig ADS Company Profile

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.