Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.87 and traded as high as $1.96. Comp En De Mn Cemig ADS shares last traded at $1.92, with a volume of 2,050,776 shares changing hands.
Comp En De Mn Cemig ADS Trading Up 1.3%
The business's fifty day moving average is $1.91 and its 200-day moving average is $1.87. The stock has a market capitalization of $5.77 billion, a PE ratio of 4.38 and a beta of 1.03. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.46.
Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report) last released its earnings results on Thursday, August 14th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. Comp En De Mn Cemig ADS had a net margin of 15.68% and a return on equity of 16.35%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $9.19 billion. As a group, analysts anticipate that Comp En De Mn Cemig ADS will post 0.44 EPS for the current fiscal year.
Comp En De Mn Cemig ADS Cuts Dividend
The business also recently announced a special dividend, which will be paid on Friday, January 1st. Investors of record on Monday, June 30th will be issued a $0.0379 dividend. The ex-dividend date is Monday, June 30th. Comp En De Mn Cemig ADS's payout ratio is presently 28.26%.
Institutional Investors Weigh In On Comp En De Mn Cemig ADS
Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in Comp En De Mn Cemig ADS by 69.2% during the second quarter. GAMMA Investing LLC now owns 15,227 shares of the utilities provider's stock worth $30,000 after buying an additional 6,227 shares during the period. MAI Capital Management purchased a new stake in Comp En De Mn Cemig ADS during the second quarter worth approximately $41,000. EverSource Wealth Advisors LLC grew its stake in Comp En De Mn Cemig ADS by 224.2% during the second quarter. EverSource Wealth Advisors LLC now owns 23,648 shares of the utilities provider's stock worth $46,000 after buying an additional 16,354 shares during the period. Marshall Wace LLP purchased a new stake in Comp En De Mn Cemig ADS during the second quarter worth approximately $62,000. Finally, Modern Wealth Management LLC purchased a new stake in Comp En De Mn Cemig ADS during the second quarter worth approximately $92,000.
Comp En De Mn Cemig ADS Company Profile
(
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Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.
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