Comp En De Mn Cemig ADS (NYSE:CIG) Sets New 1-Year Low – Should You Sell?

Posted by Francis Steltz on Nov 3rd, 2026

Comp En De Mn Cemig ADS (NYSE:CIG – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $1.8085 and last traded at $1.8010, with a volume of 34,869 shares. The stock had previously closed at $1.82.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Weiss Ratings cut shares of Comp En De Mn Cemig ADS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Wall Street Zen upgraded Comp En De Mn Cemig ADS to a “hold” rating in a research report on Saturday, October 17th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Comp En De Mn Cemig ADS has an average rating of “Hold”.

Check Out Our Latest Analysis on CIG

Comp En De Mn Cemig ADS Trading Down 1.4%

The stock has a market cap of $5.14 billion, a P/E ratio of 9.45 and a beta of 0.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $2.14 and a two-hundred day moving average price of $2.21.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its stake in shares of Comp En De Mn Cemig ADS by 8.2% during the first quarter. Renaissance Technologies LLC now owns 7,993,849 shares of the utilities provider’s stock valued at $19,105,000 after buying an additional 608,101 shares during the period. Hsbc Holdings PLC grew its holdings in Comp En De Mn Cemig ADS by 15.7% during the 1st quarter. Hsbc Holdings PLC now owns 1,357,797 shares of the utilities provider’s stock worth $3,245,000 after acquiring an additional 183,962 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Comp En De Mn Cemig ADS by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,087,768 shares of the utilities provider’s stock worth $2,600,000 after acquiring an additional 8,805 shares in the last quarter. Abundance Wealth Counselors raised its holdings in shares of Comp En De Mn Cemig ADS by 27.0% in the 3rd quarter. Abundance Wealth Counselors now owns 561,437 shares of the utilities provider’s stock valued at $1,179,000 after purchasing an additional 119,505 shares in the last quarter. Finally, Nykredit A S bought a new stake in shares of Comp En De Mn Cemig ADS in the 2nd quarter valued at about $844,000.

Comp En De Mn Cemig ADS Company Profile

(Get Free Report)

Companhia Energética de Minas Gerais SA, commonly known as Cemig, is a Brazilian electric utility headquartered in Minas Gerais. The company operates across the power sector, with activities that include electricity generation, transmission, distribution and commercialization.

Cemig supplies electricity to customers throughout Minas Gerais and manages a portfolio of power-generation assets, including hydroelectric facilities. Through affiliated businesses, the company has also participated in natural gas distribution and other energy-related activities.