Quadrant Capital Group LLC Acquires 359,232 Shares of Comp En De Mn Cemig ADS $CIG

Quadrant Capital Group LLC raised its holdings in Comp En De Mn Cemig ADS (NYSE:CIG) by 382.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 453,184 shares of the utilities provider’s stock after acquiring an additional 359,232 shares during the period. Quadrant Capital Group LLC’s holdings in Comp En De Mn Cemig ADS were worth $889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. grew its holdings in shares of Comp En De Mn Cemig ADS by 29.1% during the 2nd quarter. American Century Companies Inc. now owns 3,769,024 shares of the utilities provider’s stock valued at $7,387,000 after purchasing an additional 850,358 shares during the last quarter. MAI Capital Management bought a new position in Comp En De Mn Cemig ADS in the 2nd quarter valued at approximately $41,000. JPMorgan Chase & Co. boosted its position in Comp En De Mn Cemig ADS by 4.3% in the second quarter. JPMorgan Chase & Co. now owns 348,762 shares of the utilities provider’s stock valued at $684,000 after buying an additional 14,430 shares in the last quarter. Raiffeisen Bank International AG grew its stake in shares of Comp En De Mn Cemig ADS by 8.5% during the second quarter. Raiffeisen Bank International AG now owns 98,713 shares of the utilities provider’s stock worth $184,000 after buying an additional 7,725 shares during the last quarter. Finally, Metis Global Partners LLC grew its stake in shares of Comp En De Mn Cemig ADS by 25.7% during the second quarter. Metis Global Partners LLC now owns 103,517 shares of the utilities provider’s stock worth $203,000 after buying an additional 21,165 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Comp En De Mn Cemig ADS in a research note on Tuesday, November 25th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Comp En De Mn Cemig ADS Price Performance

CIG stock opened at $2.13 on Monday. The company has a market capitalization of $6.08 billion, a P/E ratio of 10.63 and a beta of 1.12. The company has a fifty day moving average price of $2.07 and a 200-day moving average price of $1.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.00. Comp En De Mn Cemig ADS has a 52-week low of $1.59 and a 52-week high of $2.30.

About Comp En De Mn Cemig ADS

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.