Comp En De Mn Cemig ADS (NYSE:CIG) Hits New 1-Year High - What's Next?

Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $2.43 and last traded at $2.4050, with a volume of 8901659 shares changing hands. The stock had previously closed at $2.33.Analyst Ratings ChangesSeparately, Weiss Ratings raised Comp En De Mn Cemig ADS from a "hold (c+)" rating to a "buy (b)" rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Comp En De Mn Cemig ADS has a consensus rating of "Hold".Get Our Latest Report on Comp En De Mn Cemig ADSComp En De Mn Cemig ADS Price PerformanceThe company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $6.88 billion, a PE ratio of 12.03 and a beta of 0.91. The stock's 50-day moving average is $2.22 and its 200 day moving average is $2.11. Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report) last announced its quarterly earnings results on Tuesday, January 20th. The utilities provider reported $0.16 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%. As a group, equities analysts predict that Comp En De Mn Cemig ADS will post 0.44 earnings per share for the current year. Institutional Inflows and OutflowsInstitutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in Comp En De Mn Cemig ADS by 29.1% during the second 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. State Street Corp lifted its holdings in shares of Comp En De Mn Cemig ADS by 4.2% during the 4th quarter. State Street Corp now owns 14,278,481 shares of the utilities provider's stock worth $28,557,000 after acquiring an additional 579,856 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Comp En De Mn Cemig ADS by 26.7% during the 3rd quarter. Pzena Investment Management LLC now owns 2,012,194 shares of the utilities provider's stock worth $4,246,000 after acquiring an additional 424,100 shares during the period. Corient Private Wealth LLC boosted its position in shares of Comp En De Mn Cemig ADS by 158.4% during the 2nd quarter. Corient Private Wealth LLC now owns 590,870 shares of the utilities provider's stock valued at $1,158,000 after acquiring an additional 362,171 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Comp En De Mn Cemig ADS by 382.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 453,184 shares of the utilities provider's stock valued at $889,000 after acquiring an additional 359,232 shares in the last quarter. About Comp En De Mn Cemig ADS (Get Free Report)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.Featured StoriesFive stocks we like better than Comp En De Mn Cemig ADSThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Comp En De Mn Cemig ADS Right Now?Before you consider Comp En De Mn Cemig ADS, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comp En De Mn Cemig ADS wasn't on the list.While Comp En De Mn Cemig ADS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here