Renaissance Technologies LLC Has $19.11 Million Holdings in Comp En De Mn Cemig ADS $CIG

Renaissance Technologies LLC boosted its holdings in Comp En De Mn Cemig ADS (NYSE:CIG) by 8.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 7,993,849 shares of the utilities provider’s stock after purchasing an additional 608,101 shares during the quarter. Renaissance Technologies LLC’s holdings in Comp En De Mn Cemig ADS were worth $19,105,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Greenspring Advisors LLC bought a new stake in Comp En De Mn Cemig ADS during the 4th quarter worth approximately $30,000. SmartHarvest Portfolios LLC bought a new stake in Comp En De Mn Cemig ADS during the fourth quarter worth $30,000. Inspire Advisors LLC grew its holdings in Comp En De Mn Cemig ADS by 55.8% during the fourth quarter. Inspire Advisors LLC now owns 15,716 shares of the utilities provider’s stock worth $31,000 after buying an additional 5,631 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in Comp En De Mn Cemig ADS in the 4th quarter valued at $32,000. Finally, BSW Wealth Partners bought a new position in Comp En De Mn Cemig ADS during the 4th quarter valued at $33,000.

Comp En De Mn Cemig ADS Price Performance

Comp En De Mn Cemig ADS stock opened at $2.17 on Friday. Comp En De Mn Cemig ADS has a 52 week low of $1.79 and a 52 week high of $2.76. The company’s 50 day moving average price is $2.12 and its two-hundred day moving average price is $2.25. The stock has a market cap of $6.22 billion, a P/E ratio of 11.45 and a beta of 0.78. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Comp En De Mn Cemig ADS from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

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.