Comp En De Mn Cemig ADS (NYSE:CIG) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Comp En De Mn Cemig ADS (NYSE:CIG)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.01 and traded as high as $2.03. Comp En De Mn Cemig ADS shares last traded at $2.0150, with a volume of 4,364,948 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Comp En De Mn Cemig ADS in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Comp En De Mn Cemig ADS presently has an average rating of “Reduce”.

Comp En De Mn Cemig ADS Trading Up 1.8%

The business’s 50 day moving average price is $2.05 and its 200-day moving average price is $2.01. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 10.08 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.00.

Comp En De Mn Cemig ADS Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th were paid a dividend of $0.0264 per share. The ex-dividend date was Monday, December 29th. Comp En De Mn Cemig ADS’s dividend payout ratio (DPR) is currently 85.00%.

Institutional Investors Weigh In On Comp En De Mn Cemig ADS

Several large investors have recently modified their holdings of CIG. American Century Companies Inc. raised its holdings in shares of Comp En De Mn Cemig ADS by 29.1% in the 2nd quarter. American Century Companies Inc. now owns 3,769,024 shares of the utilities provider’s stock worth $7,387,000 after buying an additional 850,358 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Comp En De Mn Cemig ADS by 1.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,368,854 shares of the utilities provider’s stock valued at $4,998,000 after acquiring an additional 36,952 shares during the period. United Capital Financial Advisors LLC grew its position in Comp En De Mn Cemig ADS by 1.2% in the third quarter. United Capital Financial Advisors LLC now owns 2,271,963 shares of the utilities provider’s stock valued at $4,794,000 after acquiring an additional 25,907 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Comp En De Mn Cemig ADS by 3.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,251,276 shares of the utilities provider’s stock worth $4,413,000 after acquiring an additional 81,679 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its holdings in shares of Comp En De Mn Cemig ADS by 26.7% during the third quarter. Pzena Investment Management LLC now owns 2,012,194 shares of the utilities provider’s stock valued at $4,246,000 after acquiring an additional 424,100 shares during the period.

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.