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

Comp En De Mn Cemig ADS (NYSE:CIG)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.08 and traded as high as $2.33. Comp En De Mn Cemig ADS shares last traded at $2.2850, with a volume of 5,079,774 shares trading hands.

Analysts Set New Price Targets

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

Comp En De Mn Cemig ADS Trading Up 2.8%

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 0.89. The company’s 50 day moving average is $2.14 and its 200 day moving average is $2.08.

Comp En De Mn Cemig ADS (NYSE:CIG) last issued its quarterly earnings data on Tuesday, January 20th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter. Comp En De Mn Cemig ADS had a return on equity of 14.96% and a net margin of 9.45%. Equities analysts expect that Comp En De Mn Cemig ADS will post 0.44 EPS for the current fiscal year.

Comp En De Mn Cemig ADS Announces Dividend

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

Hedge Funds Weigh In On Comp En De Mn Cemig ADS

Institutional investors have recently modified their holdings of the business. Greenspring Advisors LLC purchased a new stake in Comp En De Mn Cemig ADS in the 4th quarter valued at $30,000. SmartHarvest Portfolios LLC acquired a new position in Comp En De Mn Cemig ADS in the fourth quarter valued at $30,000. Inspire Advisors LLC raised its holdings in shares of Comp En De Mn Cemig ADS by 55.8% in the fourth quarter. Inspire Advisors LLC now owns 15,716 shares of the utilities provider’s stock valued at $31,000 after buying an additional 5,631 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Comp En De Mn Cemig ADS in the fourth quarter valued at about $32,000. Finally, BSW Wealth Partners acquired a new stake in shares of Comp En De Mn Cemig ADS during the fourth quarter worth about $33,000.

Comp En De Mn Cemig ADS Company Profile

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.