BlackRock Inc. Has $477,000 Stake in Comp En De Mn Cemig ADS (CIG)

BlackRock Inc. Has $477,000 Stake in Comp En De Mn Cemig ADS (CIG)

BlackRock Inc. raised its position in Comp En De Mn Cemig ADS (NYSE:CIG) by 10.8% during the third quarter, Holdings Channel reports. The institutional investor owned 184,165 shares of the company’s stock after buying an additional 17,910 shares during the period. BlackRock Inc.’s holdings in Comp En De Mn Cemig ADS were worth $477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB acquired a new position in shares of Comp En De Mn Cemig ADS during the second quarter worth approximately $158,000. Capstone Asset Management Co. boosted its position in shares of Comp En De Mn Cemig ADS by 4.1% in the third quarter. Capstone Asset Management Co. now owns 74,417 shares of the company’s stock worth $193,000 after buying an additional 2,950 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Comp En De Mn Cemig ADS during the second quarter worth approximately $224,000. First Trust Advisors LP boosted its position in shares of Comp En De Mn Cemig ADS by 165.7% in the third quarter. First Trust Advisors LP now owns 109,597 shares of the company’s stock worth $284,000 after buying an additional 68,350 shares in the last quarter. Finally, Invictus RG boosted its position in shares of Comp En De Mn Cemig ADS by 169.4% in the second quarter. Invictus RG now owns 275,030 shares of the company’s stock worth $608,000 after buying an additional 172,933 shares in the last quarter. Hedge funds and other institutional investors own 2.98% of the company’s stock.

Comp En De Mn Cemig ADS (NYSE:CIG) traded down 0.36% on Friday, hitting $2.79. 3,618,530 shares of the stock were exchanged. The company has a market capitalization of $3.51 billion, a PE ratio of 12.80 and a beta of 1.85. Comp En De Mn Cemig ADS has a 1-year low of $1.33 and a 1-year high of $3.08. The company has a 50-day moving average price of $2.38 and a 200 day moving average price of $2.60.

A number of research firms have recently issued reports on CIG. Zacks Investment Research upgraded shares of Comp En De Mn Cemig ADS from a “sell” rating to a “hold” rating in a research note on Wednesday, November 30th. TheStreet upgraded shares of Comp En De Mn Cemig ADS from a “sell” rating to a “hold” rating in a research note on Wednesday, November 23rd. Finally, Goldman Sachs Group, Inc. (The) cut shares of Comp En De Mn Cemig ADS from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 4th.

About Comp En De Mn Cemig ADS

Companhia Energetica de Minas Gerais CEMIG is a Brazil-based holding company mainly engaged in the generation, transmission and distribution of electricity. The Company operates through the segments: Generation, Transmission, Distribution, Telecom, Gas and Other. The Company generates electricity at approximately 78 hydroelectric plants, three thermoelectric plants and 23 wind farms.

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