Precision Wealth Strategies LLC Takes Position in Comp En De Mn Cemig ADS $CIG

Precision Wealth Strategies LLC purchased a new stake in shares of Comp En De Mn Cemig ADS (NYSE:CIG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 78,780 shares of the utilities provider’s stock, valued at approximately $154,000.

Separately, GAMMA Investing LLC increased its stake in shares of Comp En De Mn Cemig ADS by 69.2% during the second quarter. GAMMA Investing LLC now owns 15,227 shares of the utilities provider’s stock valued at $30,000 after buying an additional 6,227 shares during the period.

Comp En De Mn Cemig ADS Stock Performance

Shares of Comp En De Mn Cemig ADS stock opened at $2.03 on Friday. The firm has a market cap of $5.80 billion, a P/E ratio of 4.40 and a beta of 1.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. Comp En De Mn Cemig ADS has a 12 month low of $1.59 and a 12 month high of $2.15. The stock’s fifty day moving average price is $1.98 and its 200-day moving average price is $1.89.

Comp En De Mn Cemig ADS (NYSE:CIG) last posted its earnings results on Thursday, August 14th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Comp En De Mn Cemig ADS had a return on equity of 16.30% and a net margin of 15.68%.The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $9.19 billion. On average, equities research analysts expect that Comp En De Mn Cemig ADS will post 0.44 earnings per share for the current fiscal year.

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.