Virtu Financial LLC purchased a new position in shares of Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 91,340 shares of the utilities provider’s stock, valued at approximately $184,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Companhia Energetica de Minas Gers CEMIG by 4.8% in the second quarter. Vanguard Group Inc. now owns 8,208,045 shares of the utilities provider’s stock valued at $19,699,000 after buying an additional 375,410 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Companhia Energetica de Minas Gers CEMIG by 1.2% in the second quarter. Parametric Portfolio Associates LLC now owns 6,638,222 shares of the utilities provider’s stock valued at $15,932,000 after buying an additional 79,976 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Companhia Energetica de Minas Gers CEMIG by 809.8% in the third quarter. JPMorgan Chase & Co. now owns 4,633,526 shares of the utilities provider’s stock valued at $11,491,000 after buying an additional 4,124,242 shares during the last quarter. TSP Capital Management Group LLC boosted its position in Companhia Energetica de Minas Gers CEMIG by 4.7% in the second quarter. TSP Capital Management Group LLC now owns 2,095,822 shares of the utilities provider’s stock valued at $5,030,000 after buying an additional 94,170 shares during the last quarter. Finally, Newfoundland Capital Management boosted its position in Companhia Energetica de Minas Gers CEMIG by 159.9% in the second quarter. Newfoundland Capital Management now owns 1,559,000 shares of the utilities provider’s stock valued at $3,773,000 after buying an additional 959,155 shares during the last quarter. Institutional investors and hedge funds own 2.54% of the company’s stock.

Separately, J P Morgan Chase & Co upgraded Companhia Energetica de Minas Gers CEMIG from a “neutral” rating to an “overweight” rating in a research report on Monday, November 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $2.80.

Shares of Companhia Energetica de Minas Gers CEMIG (CIG) opened at $1.92 on Friday. Companhia Energetica de Minas Gers CEMIG has a 52-week low of $1.89 and a 52-week high of $3.84. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 0.67.

The company also recently announced a … dividend, which was paid on Wednesday, December 13th. Investors of record on Monday, December 11th were given a $0.0142 dividend. The ex-dividend date of this dividend was Friday, December 8th.

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About Companhia Energetica de Minas Gers CEMIG

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.

Institutional Ownership by Quarter for Companhia Energetica de Minas Gers CEMIG (NYSE:CIG)

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