State Street Corp Sells 171,685 Shares of Comp En De Mn Cemig ADS (CIG)
State Street Corp decreased its holdings in shares of Comp En De Mn Cemig ADS (NYSE:CIG) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,066,275 shares of the utilities provider’s stock after selling 171,685 shares during the period. State Street Corp owned about 0.16% of Comp En De Mn Cemig ADS worth $4,961,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Newfoundland Capital Management boosted its holdings in shares of Comp En De Mn Cemig ADS by 159.9% during the second quarter. Newfoundland Capital Management now owns 1,559,000 shares of the utilities provider’s stock valued at $3,773,000 after acquiring an additional 959,155 shares during the period. Vanguard Group Inc. boosted its holdings in shares of 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 valued at $25,769,000 after acquiring an additional 441,215 shares during the period. Quantitative Investment Management LLC acquired a new position in shares of Comp En De Mn Cemig ADS during the second quarter valued at $860,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Comp En De Mn Cemig ADS by 293.4% during the second quarter. BNP Paribas Arbitrage SA now owns 417,936 shares of the utilities provider’s stock valued at $1,003,000 after acquiring an additional 311,691 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Comp En De Mn Cemig ADS by 67.4% during the second quarter. JPMorgan Chase & Co. now owns 509,284 shares of the utilities provider’s stock valued at $1,223,000 after acquiring an additional 205,013 shares during the period. Hedge funds and other institutional investors own 2.54% of the company’s stock.
Separately, J P Morgan Chase & Co raised shares of Comp En De Mn Cemig ADS from a “neutral” rating to an “overweight” rating in a report on Monday, November 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Comp En De Mn Cemig ADS currently has a consensus rating of “Hold” and an average target price of $2.80.
Comp En De Mn Cemig ADS (NYSE CIG) opened at $2.08 on Wednesday. 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 debt-to-equity ratio of 0.67, a quick ratio of 0.63 and a current ratio of 0.64.
The company also recently declared a … dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, December 11th will be issued a dividend of $0.0142 per share. The ex-dividend date of this dividend is Friday, December 8th.
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Comp En De Mn Cemig ADS Company Profile
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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