Companhia Energetica de Minas Gerais (NYSE:CIG) marched up 133.91% compared to a 52-week low price of $1.54. The shares were last seen trading -3.73% lower, taking the closing price at $3.61 on 4/12/2019. At a recent session, the prices were hovering between $3.55 and $3.71. This company shares are 10.8% off its target price of $4 and the current market capitalization stands at $5.49B. The recent change has given its price a -2.01% deficit over SMA 50 and -9.3% deficit over its 52-week high. The stock witnessed -5.5% declines, -3.48% declines and 41.98% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CIG’s volatility during a week at 2.94% and during a month it has been found around 3.62%.

Companhia Energetica de Minas Gerais (CIG) Top Holders

Institutional investors currently hold around $314 million or 10.1% in CIG stock. Look at its top three institutional owners: Turim 21 Investimentos Ltda. owns $44.72 million in Companhia Energetica de Minas Gerais, which represents roughly 0.81% of the company’s market cap and approximately 14.24% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 7,857,115 shares of the stock are valued at $28.36 million. The third largest holder is Vanguard Group Inc, which currently holds $24.22 million worth of this stock and that ownership represents nearly 0.44% of its market capitalization.

Companhia Energetica de Minas Gerais 13F Filings

At the end of December reporting period, 62 institutional holders increased their position in Companhia Energetica de Minas Gerais (NYSE:CIG) by some 27,648,188 shares, 56 decreased positions by 17,733,313 and 19 held positions by 41,628,440. That puts total institutional holdings at 87,009,941 shares, according to SEC filings. The stock grabbed 30 new institutional investments totaling 16,866,821 shares while 16 institutional investors sold out their entire positions totaling 931,113 shares.

Companhia Energetica de Minas Gerais (CIG) Analyst Guide

Several analysts have released their opinion on Companhia Energetica de Minas Gerais (NYSE:CIG), with 1 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation [T1].