Dimensional Fund Advisors LP decreased its position in Comp En De Mn Cemig ADS (NYSE:CIG) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,307,557 shares of the utilities provider’s stock after selling 70,841 shares during the period. Dimensional Fund Advisors LP owned approximately 0.10% of Comp En De Mn Cemig ADS worth $4,290,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capstone Asset Management Co. increased its stake in shares of Comp En De Mn Cemig ADS by 0.8% in the first quarter. Capstone Asset Management Co. now owns 75,697 shares of the utilities provider’s stock worth $249,000 after buying an additional 590 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Comp En De Mn Cemig ADS by 10.8% in the first quarter. BNP Paribas Arbitrage SA now owns 106,245 shares of the utilities provider’s stock worth $350,000 after buying an additional 10,336 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Comp En De Mn Cemig ADS by 4.2% in the first quarter. UBS Asset Management Americas Inc. now owns 292,895 shares of the utilities provider’s stock worth $964,000 after buying an additional 11,900 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Comp En De Mn Cemig ADS during the first quarter worth about $121,000. Finally, Credit Agricole S A increased its stake in shares of Comp En De Mn Cemig ADS by 1.0% in the first quarter. Credit Agricole S A now owns 5,590,335 shares of the utilities provider’s stock worth $18,392,000 after buying an additional 55,535 shares during the last quarter. Hedge funds and other institutional investors own 2.66% of the company’s stock.

Comp En De Mn Cemig ADS (NYSE:CIG) traded up 0.186% during midday trading on Monday, hitting $2.695. 916,177 shares of the stock were exchanged. The company has a market capitalization of $3.39 billion, a P/E ratio of 18.846 and a beta of 1.89. Comp En De Mn Cemig ADS has a 1-year low of $2.06 and a 1-year high of $3.84. The company’s 50 day moving average is $2.68 and its 200 day moving average is $2.81.

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A number of brokerages have issued reports on CIG. BidaskClub upgraded shares of Comp En De Mn Cemig ADS from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Goldman Sachs Group, Inc. (The) upgraded shares of Comp En De Mn Cemig ADS from a “sell” rating to a “neutral” rating and raised their price target for the company from $2.10 to $2.80 in a research note on Friday, July 14th. Finally, Morgan Stanley upgraded shares of Comp En De Mn Cemig ADS from an “underweight” rating to an “overweight” rating in a research note on Thursday, June 22nd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $2.80.

About Comp En De Mn Cemig ADS

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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Institutional Ownership by Quarter for Comp En De Mn Cemig ADS (NYSE:CIG)

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