Hsbc Holdings PLC Purchases 269,191 Shares of Comp En De Mn Cemig ADS $CIG

Hsbc Holdings PLC increased its holdings in shares of Comp En De Mn Cemig ADS (NYSE:CIG) by 29.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,173,835 shares of the utilities provider’s stock after buying an additional 269,191 shares during the quarter. Hsbc Holdings PLC’s holdings in Comp En De Mn Cemig ADS were worth $2,348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake in Comp En De Mn Cemig ADS by 9,909.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 53,448 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 52,914 shares during the period. Compound Planning Inc. raised its position in shares of Comp En De Mn Cemig ADS by 47.3% during the fourth quarter. Compound Planning Inc. now owns 57,919 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 18,586 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Comp En De Mn Cemig ADS by 0.8% during the 4th quarter. Corient Private Wealth LLC now owns 594,303 shares of the utilities provider’s stock valued at $1,190,000 after purchasing an additional 4,800 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Comp En De Mn Cemig ADS in the 4th quarter valued at approximately $33,000. Finally, XTX Topco Ltd grew its position in shares of Comp En De Mn Cemig ADS by 34.1% in the 4th quarter. XTX Topco Ltd now owns 259,105 shares of the utilities provider’s stock valued at $518,000 after purchasing an additional 65,846 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings cut Comp En De Mn Cemig ADS from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Comp En De Mn Cemig ADS currently has a consensus rating of “Buy”.

Comp En De Mn Cemig ADS Stock Down 1.6%

NYSE:CIG opened at $2.12 on Tuesday. 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 company has a market cap of $6.05 billion, a PE ratio of 11.13 and a beta of 0.77. Comp En De Mn Cemig ADS has a 52-week low of $1.79 and a 52-week high of $2.76. The stock has a 50-day simple moving average of $2.26 and a 200 day simple moving average of $2.23.

Comp En De Mn Cemig ADS Profile

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.