Todays Report: The Hexavest Inc. cuts position of Companhia Energetica de Minas Gerais S.A. (CIG)

The Hexavest Inc. cuts position of Companhia Energetica de Minas Gerais S.A. (CIG)

Hexavest Inc. lowered its position in shares of Companhia Energetica de Minas Gerais S.A. (NYSE:CIG) by 0.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,111 shares of the company’s stock after selling 80 shares during the period. Hexavest Inc.’s holdings in Companhia Energetica de Minas Gerais were worth $381,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of CIG. BNP Paribas Arbitrage SA boosted its stake in shares of Companhia Energetica de Minas Gerais by 17.9% in the third quarter. BNP Paribas Arbitrage SA now owns 337,990 shares of the company’s stock valued at $875,000 after buying an additional 51,222 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Companhia Energetica de Minas Gerais by 25.6% in the second quarter. Royal Bank of Canada now owns 424,011 shares of the company’s stock worth $937,000 after buying an additional 86,453 shares during the period. Highbridge Capital Management LLC bought a new stake in shares of Companhia Energetica de Minas Gerais during the second quarter worth $1,164,000. Itau Unibanco Holding S.A. bought a new stake in shares of Companhia Energetica de Minas Gerais during the second quarter worth $2,785,000. Finally, Jane Street Group LLC boosted its stake in shares of Companhia Energetica de Minas Gerais by 95.0% in the second quarter. Jane Street Group LLC now owns 524,720 shares of the company’s stock worth $1,159,000 after buying an additional 255,662 shares during the period. Institutional investors own 3.70% of the company’s stock.

Shares of Companhia Energetica de Minas Gerais S.A. (NYSE:CIG) traded down 4.58% on Friday, reaching $2.29. The company had a trading volume of 2,004,063 shares. The company has a market capitalization of $2.88 billion, a P/E ratio of 10.32 and a beta of 1.98. The company has a 50 day moving average of $2.67 and a 200-day moving average of $2.42. Companhia Energetica de Minas Gerais S.A. has a 52 week low of $1.02 and a 52 week high of $3.08.

A number of equities research analysts recently weighed in on the company. TheStreet upgraded Companhia Energetica de Minas Gerais from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered Companhia Energetica de Minas Gerais from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th.

Companhia Energetica de Minas Gerais Company Profile

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.

Related posts

Leave a Comment