Public Employees Retirement System of Ohio Buys New Shares in Comp En De Mn Cemig ADS $CIG

Public Employees Retirement System of Ohio bought a new position in shares of Comp En De Mn Cemig ADS (NYSE:CIG) in the 2nd quarter, Holdings Channel.com reports. The fund bought 379,734 shares of the utilities provider’s stock, valued at approximately $797,000.

Other large investors also recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Comp En De Mn Cemig ADS by 8.2% in the 1st quarter. Renaissance Technologies LLC now owns 7,993,849 shares of the utilities provider’s stock valued at $19,105,000 after purchasing an additional 608,101 shares in the last quarter. State Street Corp grew its position in shares of Comp En De Mn Cemig ADS by 4.2% during the fourth quarter. State Street Corp now owns 14,278,481 shares of the utilities provider’s stock worth $28,557,000 after buying an additional 579,856 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of Comp En De Mn Cemig ADS by 158.4% during the second quarter. Corient Private Wealth LLC now owns 590,870 shares of the utilities provider’s stock worth $1,158,000 after buying an additional 362,171 shares during the period. Millennium Management LLC increased its stake in shares of Comp En De Mn Cemig ADS by 27.4% during the third quarter. Millennium Management LLC now owns 1,471,400 shares of the utilities provider’s stock worth $3,105,000 after buying an additional 316,782 shares during the period. Finally, Advisors Preferred LLC purchased a new stake in shares of Comp En De Mn Cemig ADS during the first quarter worth approximately $708,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Comp En De Mn Cemig ADS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Comp En De Mn Cemig ADS Trading Down 2.9%

CIG opened at $2.17 on Thursday. Comp En De Mn Cemig ADS has a one year low of $1.87 and a one year high of $2.76. The company has a market cap of $6.22 billion, a P/E ratio of 11.45 and a beta of 0.75. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50-day simple moving average is $2.09 and its 200-day simple moving average is $2.23.

About Comp En De Mn Cemig ADS

Companhia Energética de Minas Gerais SA (Cemig ADS) is a leading Brazilian energy company primarily engaged in the generation, transmission, distribution and commercialization of electric power. Headquartered in Belo Horizonte, the company operates as a vertically integrated utility, serving residential, commercial and industrial customers across its concession areas. In addition to its core electricity business, Cemig maintains interests in natural gas distribution and distinct energy-related ventures, including renewable sources and infrastructure projects.

In its generation segment, Cemig manages a diversified portfolio that includes hydroelectric, photovoltaic and wind power plants.