PDS Planning Inc Has $62,000 Stock Holdings in Comp En De Mn Cemig ADS $CIG

PDS Planning Inc cut its position in Comp En De Mn Cemig ADS (NYSE:CIG) by 27.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,506 shares of the utilities provider’s stock after selling 11,671 shares during the period. PDS Planning Inc’s holdings in Comp En De Mn Cemig ADS were worth $62,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position 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 worth $30,000 after purchasing an additional 6,227 shares during the period. Precision Wealth Strategies LLC bought a new position in shares of Comp En De Mn Cemig ADS during the 2nd quarter valued at about $154,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Comp En De Mn Cemig ADS by 7.7% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,815 shares of the utilities provider’s stock worth $203,000 after buying an additional 7,447 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Comp En De Mn Cemig ADS by 188.8% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 170,383 shares of the utilities provider’s stock worth $334,000 after buying an additional 111,394 shares during the period.

Comp En De Mn Cemig ADS Stock Up 2.4%

Shares of Comp En De Mn Cemig ADS stock opened at $1.95 on Tuesday. The business’s 50 day simple moving average is $2.00 and its 200 day simple moving average is $1.90. Comp En De Mn Cemig ADS has a 52-week low of $1.59 and a 52-week high of $2.15. The firm has a market cap of $5.57 billion, a PE ratio of 4.23 and a beta of 1.11. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.00.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Comp En De Mn Cemig ADS in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Comp En De Mn Cemig ADS Company Profile

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.