Companhia Energetica de Minas Gerais (NYSE:CIG) shares traded 3.57% higher at $2.63 on Wall Street last session.
CIG stock price is now 9.08% away from the 50-day moving average and 24.68% away from the 200-day moving average. The market capitalization of the company currently stands at $6.77B.
A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CIG stock. A new stake in Companhia Energetica de Minas Gerais shares was purchased by KIWI WEALTH INVESTMENTS LIMITED PARTNERSHIP during the first quarter worth $1,370,000. JENKINS WEALTH invested $1,314,000 in shares of CIG during the first quarter. In the first quarter, LAZARD ASSET MANAGEMENT LLC acquired a new stake in Companhia Energetica de Minas Gerais valued at approximately $298,000. SEGALL BRYANT & HAMILL, LLC acquired a new stake in CIG for approximately $201,000. RAYMOND JAMES & ASSOCIATES purchased a new stake in CIG valued at around $158,000 in the second quarter. In total, there are 228 active investors with 21.80% ownership of the company’s stock.
Companhia Energetica de Minas Gerais (NYSE: CIG) opened at $2.5800 on Friday. During the past 12 months, Companhia Energetica de Minas Gerais has had a low of $1.70 and a high of $2.66. The fifty day moving average price for CIG is $2.4544 and a two-hundred day moving average price translates $2.2004 for the stock.
The latest earnings results from Companhia Energetica de Minas Gerais (NYSE: CIG) was released for Mar, 2023. According to the Utilities – Diversified Company, earnings per share came in at $0.22, beating analysts’ expectations of $0.01 by 0.21. This compares to $0.13 EPS in the same period last year. The net profit margin was 11.30% and return on equity was 18.80% for CIG.
Investors who held shares on 07/03/2023 were paid a $0.040695 dividend. On an annualized basis, this represents a $0.31 dividend and a 11.79% percent yield. There was an ex-dividend date of 06/30/2023 for this dividend.
Companhia Energetica de Minas Gerais(CIG) Company Profile
Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2022, the company operated 69 hydroelectric, wind, and solar plants with an installed capacity of 5,519 MW; 351,163 miles of distribution lines; and 4,580 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.
