Energy Company Of Minas Gerais (CIG): Today's Featured Utilities Laggard

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Energy Company of Minas Gerais ( CIG) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 0.2%. By the end of trading, Energy Company of Minas Gerais fell $0.15 (-2.1%) to $6.84 on average volume. Throughout the day, 5,047,667 shares of Energy Company of Minas Gerais exchanged hands as compared to its average daily volume of 6,114,300 shares. The stock ranged in price between $6.84-$7.07 after having opened the day at $7.03 as compared to the previous trading day's close of $6.99. Other companies within the Utilities sector that declined today were: GreenHunter Resources ( GRH), down 8.0%, Ocean Power Technologies ( OPTT), down 6.2%, Empresa Distribuidora y Comercializadora No ( EDN), down 3.7% and U.S. Geothermal ( HTM), down 2.6%.

Companhia Energetica de Minas Gerais S.A., through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. Energy Company of Minas Gerais has a market cap of $7.4 billion and is part of the utilities industry. Shares are down 10.3% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Energy Company of Minas Gerais a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Energy Company of Minas Gerais as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the positive front, Centrais Eletricas Brasileiras ( EBR), up 4.2%, NRG Yield ( NYLD), up 4.0%, Centrais Eletricas Brasileiras ( EBR.B), up 3.0% and Pattern Energy Group ( PEGI), up 2.0% , were all gainers within the utilities sector with Public Service Enterprise Group ( PEG) being today's featured utilities sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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