Arrowstreet Capital Limited Partnership Decreases Stock Holdings in Comp En De Mn Cemig ADS $CIG

Arrowstreet Capital Limited Partnership trimmed its holdings in shares of Comp En De Mn Cemig ADS (NYSE:CIG) by 79.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 173,082 shares of the utilities provider’s stock after selling 652,811 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Comp En De Mn Cemig ADS were worth $414,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Comp En De Mn Cemig ADS by 4.2% in the 4th quarter. State Street Corp now owns 14,278,481 shares of the utilities provider’s stock valued at $28,557,000 after purchasing an additional 579,856 shares during the period. TSP Capital Management Group LLC grew its position in Comp En De Mn Cemig ADS by 0.8% in the 1st quarter. TSP Capital Management Group LLC now owns 9,123,551 shares of the utilities provider’s stock valued at $21,805,000 after acquiring an additional 70,659 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Comp En De Mn Cemig ADS by 1.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,061,011 shares of the utilities provider’s stock valued at $8,122,000 after acquiring an additional 63,442 shares in the last quarter. United Capital Financial Advisors LLC lifted its position in shares of Comp En De Mn Cemig ADS by 1.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 2,271,963 shares of the utilities provider’s stock worth $4,794,000 after purchasing an additional 25,907 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Comp En De Mn Cemig ADS by 27.4% in the third quarter. Millennium Management LLC now owns 1,471,400 shares of the utilities provider’s stock valued at $3,105,000 after purchasing an additional 316,782 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Comp En De Mn Cemig ADS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Comp En De Mn Cemig ADS has a consensus rating of “Hold”.

Comp En De Mn Cemig ADS Trading Down 1.6%

NYSE:CIG opened at $2.10 on Friday. Comp En De Mn Cemig ADS has a one year low of $1.88 and a one year high of $2.76. The business’s 50-day simple moving average is $2.12 and its 200 day simple moving average is $2.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 11.08 and a beta of 0.78.

About Comp En De Mn Cemig ADS

Companhia Energética de Minas Gerais SA (Cemig ADS) is a leading Brazilian energy company primarily engaged in the generation, transmission, distribution and commercialization of electric power. Headquartered in Belo Horizonte, the company operates as a vertically integrated utility, serving residential, commercial and industrial customers across its concession areas. In addition to its core electricity business, Cemig maintains interests in natural gas distribution and distinct energy-related ventures, including renewable sources and infrastructure projects.

In its generation segment, Cemig manages a diversified portfolio that includes hydroelectric, photovoltaic and wind power plants.