Deltec Asset Management LLC trimmed its stake in shares of Comp En De Mn Cemig ADS (NYSE:CIG) by 16.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 260,000 shares of the utilities provider’s stock after selling 50,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Comp En De Mn Cemig ADS were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. raised its holdings in shares of Comp En De Mn Cemig ADS by 4.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 292,895 shares of the utilities provider’s stock worth $964,000 after purchasing an additional 11,900 shares in the last quarter. Guinness Atkinson Asset Management Inc raised its holdings in shares of Comp En De Mn Cemig ADS by 19.3% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 114,304 shares of the utilities provider’s stock worth $274,000 after purchasing an additional 18,500 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Comp En De Mn Cemig ADS by 41.1% in the 2nd quarter. Legal & General Group Plc now owns 97,788 shares of the utilities provider’s stock worth $234,000 after purchasing an additional 28,500 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Comp En De Mn Cemig ADS in the 1st quarter worth approximately $121,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of Comp En De Mn Cemig ADS in the third quarter worth approximately $101,000. Institutional investors own 2.66% of the company’s stock.

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Several research analysts have recently weighed in on CIG shares. BidaskClub downgraded shares of Comp En De Mn Cemig ADS from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) raised shares of Comp En De Mn Cemig ADS from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $2.10 to $2.80 in a research report on Friday, July 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $2.80.

Comp En De Mn Cemig ADS Company Profile

Companhia Energetica de Minas Gerais-CEMIG is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company’s segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation.

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Institutional Ownership by Quarter for Comp En De Mn Cemig ADS (NYSE:CIG)

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