Dynamic Technology Lab Private Ltd grew its stake in Comp En De Mn Cemig ADS (NYSE:CIG) by 172.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,589 shares of the utilities provider’s stock after purchasing an additional 70,619 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Comp En De Mn Cemig ADS were worth $277,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CIG. Bank of New York Mellon Corp bought a new position in shares of Comp En De Mn Cemig ADS in the first quarter valued at about $121,000. Vanguard Group Inc. increased its position in Comp En De Mn Cemig ADS by 6.0% during the first quarter. Vanguard Group Inc. now owns 7,832,635 shares of the utilities provider’s stock worth $25,769,000 after acquiring an additional 441,215 shares during the period. Credit Suisse AG increased its position in Comp En De Mn Cemig ADS by 32.9% during the first quarter. Credit Suisse AG now owns 498,763 shares of the utilities provider’s stock worth $1,641,000 after acquiring an additional 123,352 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in Comp En De Mn Cemig ADS by 163.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 79,737 shares of the utilities provider’s stock worth $184,000 after acquiring an additional 49,500 shares during the period. Finally, Legal & General Group Plc increased its position in Comp En De Mn Cemig ADS by 41.1% during the second quarter. Legal & General Group Plc now owns 97,788 shares of the utilities provider’s stock worth $234,000 after acquiring an additional 28,500 shares during the period. 2.54% of the stock is currently owned by institutional investors.

A number of research firms recently commented on CIG. BidaskClub raised shares of Comp En De Mn Cemig ADS from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. J P Morgan Chase & Co raised shares of Comp En De Mn Cemig ADS from a “neutral” rating to an “overweight” rating in a research report on Monday, November 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $2.80.

Comp En De Mn Cemig ADS (NYSE:CIG) opened at $2.12 on Tuesday. Comp En De Mn Cemig ADS has a 1 year low of $1.95 and a 1 year high of $3.84. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 0.67.

The firm also recently declared a … dividend, which will be paid on Wednesday, December 13th. Investors of record on Monday, December 11th will be given a dividend of $0.0142 per share. The ex-dividend date of this dividend is Friday, December 8th.

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About Comp En De Mn Cemig ADS

Companhia Energetica de Minas Gerais-CEMIG is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company’s segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation.

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Institutional Ownership by Quarter for Comp En De Mn Cemig ADS (NYSE:CIG)

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