Gotham Asset Management LLC lifted its stake in Comp En De Mn Cemig ADS (NYSE:CIG) by 392.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,149 shares of the utilities provider’s stock after purchasing an additional 62,282 shares during the period. Gotham Asset Management LLC’s holdings in Comp En De Mn Cemig ADS were worth $188,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in Comp En De Mn Cemig ADS by 205.3% in the first quarter. Morgan Stanley now owns 11,884,345 shares of the utilities provider’s stock valued at $39,099,000 after purchasing an additional 7,991,738 shares during the period. Bank of America Corp DE boosted its holdings in Comp En De Mn Cemig ADS by 105.2% in the first quarter. Bank of America Corp DE now owns 10,859,115 shares of the utilities provider’s stock valued at $35,726,000 after purchasing an additional 5,568,037 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Comp En De Mn Cemig ADS by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,417,870 shares of the utilities provider’s stock valued at $30,985,000 after purchasing an additional 52,809 shares during the period. Vanguard Group Inc. boosted its holdings in Comp En De Mn Cemig ADS 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 purchasing an additional 375,410 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in Comp En De Mn Cemig ADS 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 purchasing an additional 79,976 shares during the period. Hedge funds and other institutional investors own 2.66% of the company’s stock.

Shares of Comp En De Mn Cemig ADS (CIG) opened at 2.49 on Tuesday. The firm has a 50-day moving average price of $2.64 and a 200-day moving average price of $2.61. The firm has a market capitalization of $3.13 billion, a PE ratio of 17.54 and a beta of 2.01. Comp En De Mn Cemig ADS has a 1-year low of $2.06 and a 1-year high of $3.84.

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A number of research analysts recently issued reports on the company. BidaskClub upgraded Comp En De Mn Cemig ADS from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Goldman Sachs Group, Inc. (The) upgraded Comp En De Mn Cemig ADS from a “sell” rating to a “neutral” rating and lifted their target price for the company from $2.10 to $2.80 in a report on Friday, July 14th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Comp En De Mn Cemig ADS presently has an average rating of “Hold” and a consensus target price of $2.80.

Comp En De Mn Cemig ADS Profile

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 Comp En De Mn Cemig ADS (NYSE:CIG)

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