Comp En De Mn Cemig ADS $CIG is TSP Capital Management Group LLC’s 3rd Largest Position

TSP Capital Management Group LLC decreased its holdings in Comp En De Mn Cemig ADS (NYSE:CIG) by 0.7% during the second quarter, HoldingsChannel.com reports. The firm owned 9,130,696 shares of the utilities provider’s stock after selling 63,509 shares during the quarter. Comp En De Mn Cemig ADS makes up about 5.6% of TSP Capital Management Group LLC’s holdings, making the stock its 3rd biggest holding. TSP Capital Management Group LLC’s holdings in Comp En De Mn Cemig ADS were worth $17,896,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Atria Investments Inc purchased a new stake in Comp En De Mn Cemig ADS in the 2nd quarter valued at about $394,000. GAMMA Investing LLC raised its position in Comp En De Mn Cemig ADS by 69.2% during the 2nd quarter. GAMMA Investing LLC now owns 15,227 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 6,227 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Comp En De Mn Cemig ADS by 7.7% in 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. Envestnet Asset Management Inc. grew its position in shares of Comp En De Mn Cemig ADS by 2,157.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,331,902 shares of the utilities provider’s stock worth $4,571,000 after buying an additional 2,228,591 shares in the last quarter. Finally, Precision Wealth Strategies LLC bought a new position in shares of Comp En De Mn Cemig ADS during the 2nd quarter worth $154,000.

Comp En De Mn Cemig ADS Price Performance

Shares of CIG stock opened at $2.14 on Wednesday. The stock’s 50-day moving average is $2.07 and its 200 day moving average is $1.96. Comp En De Mn Cemig ADS has a 1-year low of $1.59 and a 1-year high of $2.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $6.11 billion, a P/E ratio of 9.70 and a beta of 1.12.

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 Thursday, November 13th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Comp En De Mn Cemig ADS 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.