Companhia Energetica de Minas Gerais (NYSE:CIG) has a beta value of 0.53 and has seen 3,329,304 shares traded in the recent trading session. The company, currently valued at $4.1 Billion, closed the recent trade at $2.18 per share which meant it lost -$0.31 on the day or -12.45% during that session. The CIG stock price is -36.7% off its 52-week high price of $2.98 and 41.28% above the 52-week low of $1.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.85 Million shares traded. The 3-month trading volume is 7.43 Million shares.
The consensus among analysts is that Companhia Energetica de Minas Gerais (CIG) is an Overweight stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 7 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.02.
Companhia Energetica de Minas Gerais (NYSE:CIG) trade information
Despite being -12.45% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the CIG stock price touched $2.60-1 or saw a rise of 16.35%. Year-to-date, Companhia Energetica de Minas Gerais shares have moved -24.48%, while the 5-day performance has seen it change -10.49%. Over the past 30 days, the shares of Companhia Energetica de Minas Gerais (NYSE:CIG) have changed 0.23%. Short interest in the company has seen 24.7 Million shares shorted with days to cover at 3.32.
Wall Street analysts have a consensus price target for the stock at $3.1, which means that the shares’ value could jump 42.2% from the levels at last check today. The projected low price target is $3.1 while the price target rests at a high of $3.1. In that case, then, we find that the latest price level in today’s session is +42.2% off the targeted high while a plunge would see the stock lose 42.2% from the levels at last check today.
Companhia Energetica de Minas Gerais (CIG) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +1.5% over the past 5 years. Earnings growth for 2021 is a modest -3.6%.
Companhia Energetica de Minas Gerais is expected to release its next earnings report in June, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.22 at a share yield of 9.71%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.96%.
Companhia Energetica de Minas Gerais (NYSE:CIG)’s Major holders
Insiders own 0% of the company shares, while shares held by institutions stand at 23.85% with a share float percentage of 23.85%. Investors are also buoyed by the number of investors in a company, with Companhia Energetica de Minas Gerais having a total of 168 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 102.96 Million shares worth more than $265.94 Million. As of December 30, 2020, Blackrock Inc. held 10.18% of shares outstanding.
The other major institutional holder is Polunin Capital Partners Ltd, with the holding of over 11.4 Million shares as of December 30, 2020. The firm’s total holdings are worth over $29.46 Million and represent 1.13% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Global Clean Energy ETF and Vanguard International Stock Index-Total Intl Stock Indx. As of March 30, 2021, the former fund manager holds about 5.82% shares in the company for having 58833125 shares of worth $119.78 Million while later fund manager owns 2.5 Million shares of worth $5.68 Million as of January 30, 2021, which makes it owner of about 0.25% of company’s outstanding stock.