Trade Report: Today, Companhia Energetica de Minas Gerais S.A. (CIG) Upgrade to Hold at TheStreet

Today, Companhia Energetica de Minas Gerais S.A. (CIG) Upgrade to Hold at TheStreet

Companhia Energetica de Minas Gerais S.A. (NYSE:CIG) was upgraded by equities research analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Separately, Zacks Investment Research raised shares of Companhia Energetica de Minas Gerais from a “sell” rating to a “hold” rating and set a $3.25 price target for the company in a report on Monday, August 1st.

Shares of Companhia Energetica de Minas Gerais (NYSE:CIG) traded down 4.58% during mid-day trading on Wednesday, reaching $2.29. 2,004,063 shares of the company’s stock were exchanged. Companhia Energetica de Minas Gerais has a one year low of $1.02 and a one year high of $3.08. The company has a 50 day moving average price of $2.67 and a 200-day moving average price of $2.42. The stock has a market cap of $2.88 billion, a PE ratio of 10.50 and a beta of 1.98.

Several hedge funds have recently bought and sold shares of the company. Capstone Asset Management Co. increased its stake in Companhia Energetica de Minas Gerais 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. Aperio Group LLC increased its stake in Companhia Energetica de Minas Gerais by 3.3% in the third quarter. Aperio Group LLC now owns 285,622 shares of the company’s stock worth $740,000 after buying an additional 9,011 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Companhia Energetica de Minas Gerais by 2.9% in the second quarter. Daiwa Securities Group Inc. now owns 409,400 shares of the company’s stock worth $905,000 after buying an additional 11,500 shares in the last quarter. BlackRock Inc. increased its stake in Companhia Energetica de Minas Gerais by 10.8% in the third quarter. BlackRock Inc. now owns 184,165 shares of the company’s stock worth $477,000 after buying an additional 17,910 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Companhia Energetica de Minas Gerais by 4.2% in the third quarter. Northern Trust Corp now owns 862,047 shares of the company’s stock worth $2,233,000 after buying an additional 34,760 shares in the last quarter. 3.70% of the stock is owned by institutional investors.

Companhia Energetica de Minas Gerais Company Profile

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