Legal & General Group Plc maintained its position in Comp En De Mn Cemig ADS (NYSE:CIG) during the first quarter, Holdings Channel reports. The firm owned 69,288 shares of the utilities provider’s stock at the end of the first quarter. Legal & General Group Plc’s holdings in Comp En De Mn Cemig ADS were worth $228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CIG. Westpac Banking Corp purchased a new position in Comp En De Mn Cemig ADS during the first quarter worth approximately $10,179,000. SG Americas Securities LLC boosted its position in Comp En De Mn Cemig ADS by 34.5% in the first quarter. SG Americas Securities LLC now owns 686,174 shares of the utilities provider’s stock worth $2,258,000 after buying an additional 176,072 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Comp En De Mn Cemig ADS by 141.1% in the first quarter. JPMorgan Chase & Co. now owns 304,271 shares of the utilities provider’s stock worth $1,001,000 after buying an additional 178,072 shares in the last quarter. Bienville Capital Management LLC boosted its position in Comp En De Mn Cemig ADS by 88.4% in the first quarter. Bienville Capital Management LLC now owns 975,410 shares of the utilities provider’s stock worth $3,209,000 after buying an additional 457,610 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in Comp En De Mn Cemig ADS during the first quarter worth approximately $1,134,000. 3.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of Comp En De Mn Cemig ADS (NYSE:CIG) traded down 0.197% on Friday, hitting $2.535. The stock had a trading volume of 668,867 shares. The company has a 50 day moving average price of $2.62 and a 200-day moving average price of $2.83. The stock has a market cap of $3.19 billion, a PE ratio of 15.745 and a beta of 1.89. Comp En De Mn Cemig ADS has a 12 month low of $2.06 and a 12 month high of $3.84.

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A number of brokerages have recently issued reports on CIG. J P Morgan Chase & Co cut Comp En De Mn Cemig ADS from an “overweight” rating to a “neutral” rating in a research note on Wednesday, April 26th. BidaskClub raised Comp En De Mn Cemig ADS from a “sell” rating to a “hold” rating in a research note on Monday. Goldman Sachs Group, Inc. (The) raised Comp En De Mn Cemig ADS from a “sell” rating to a “neutral” rating and raised their price objective for the company from $2.10 to $2.80 in a research note on Friday, July 14th. Finally, Morgan Stanley raised Comp En De Mn Cemig ADS from an “underweight” rating to an “overweight” rating in a research note on Thursday, June 22nd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $2.80.

Comp En De Mn Cemig ADS Company Profile

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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