Comp En De Mn Cemig ADS (NYSE:CIG) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Comp En De Mn Cemig ADS (NYSE:CIG)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.01 and traded as high as $2.02. Comp En De Mn Cemig ADS shares last traded at $2.0050, with a volume of 1,335,837 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Comp En De Mn Cemig ADS in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Comp En De Mn Cemig ADS Price Performance

The firm has a 50 day moving average of $2.07 and a 200-day moving average of $2.01. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. The company has a market cap of $5.81 billion, a P/E ratio of 10.03 and a beta of 0.92.

Comp En De Mn Cemig ADS Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 29th were given a dividend of $0.0264 per share. The ex-dividend date was Monday, December 29th. Comp En De Mn Cemig ADS’s dividend payout ratio (DPR) is presently 85.00%.

Hedge Funds Weigh In On Comp En De Mn Cemig ADS

Institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. lifted its stake in Comp En De Mn Cemig ADS by 29.1% in the 2nd quarter. American Century Companies Inc. now owns 3,769,024 shares of the utilities provider’s stock worth $7,387,000 after purchasing an additional 850,358 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Comp En De Mn Cemig ADS by 1.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,368,854 shares of the utilities provider’s stock worth $4,998,000 after purchasing an additional 36,952 shares during the last quarter. United Capital Financial Advisors LLC lifted its position in shares of Comp En De Mn Cemig ADS by 1.2% in the third quarter. United Capital Financial Advisors LLC now owns 2,271,963 shares of the utilities provider’s stock worth $4,794,000 after buying an additional 25,907 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Comp En De Mn Cemig ADS by 3.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,251,276 shares of the utilities provider’s stock valued at $4,413,000 after buying an additional 81,679 shares during the last quarter. Finally, Pzena Investment Management LLC grew its holdings in Comp En De Mn Cemig ADS by 26.7% during the 3rd quarter. Pzena Investment Management LLC now owns 2,012,194 shares of the utilities provider’s stock valued at $4,246,000 after buying an additional 424,100 shares in the last quarter.

Comp En De Mn Cemig ADS Company Profile

Companhia Energética de Minas Gerais SA (Cemig ADS) is a leading Brazilian energy company primarily engaged in the generation, transmission, distribution and commercialization of electric power. Headquartered in Belo Horizonte, the company operates as a vertically integrated utility, serving residential, commercial and industrial customers across its concession areas. In addition to its core electricity business, Cemig maintains interests in natural gas distribution and distinct energy-related ventures, including renewable sources and infrastructure projects.

In its generation segment, Cemig manages a diversified portfolio that includes hydroelectric, photovoltaic and wind power plants.