Cia Energetica DE Minas Stock (NYSE: CIG)

Cia Energetica DE Minas (NYSE:CIG) Stock

Energy Co of Minas Gerais

Cia Energetica DE Minas Gerais - Cemig, formerly Energy Company of Minas Gerais, is a Brazilian power company that generates, transmits, and distributes electricity. As one of the power companies in Brazil, the firm operates across Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power through hydroelectric resources and, secondarily, through thermal and wind resources.

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Earnings Scheduled For November 13, 2024

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:</h2>
<ol>
<li>Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) - P/E: 6.23</li>
<li>Via Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIA#NASDAQ">VIA</a>) - P/E: 8.01</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.96</li>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 3.74</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 6.32</li>
</ol>
This quarter, Hawaiian Electric Indus experienced a decrease in earnings per share, which was $0.56 in Q3 and is now $0.48. Its most recent dividend yield is at 3.75%, which has increased by 0.01% from 3.74% in the previous quarter.
Via Renewables's earnings per share for Q4 sits at $-0.93, whereas in Q3, they were at 1.47. Its most recent dividend yield is at 12.24%, which has decreased by 0.75% from 12.99% in the previous quarter.
Cia Energetica DE Minas has reported Q3 earnings per share at $0.03, which has decreased by 75.0% compared to Q2, which was 0.12. TransAlta has reported Q4 earnings per share at $-0.2, which has decreased by 119.05% compared to Q3, which was 1.05. Most recently, the company reported a dividend yield of 2.08%, which has decreased by 0.08% from last quarter's yield of 2.16%.
This quarter, Enel Chile experienced an increase in earnings per share, which was $0.1 in Q2 and is now $0.14. The company's most recent dividend yield sits at 64.82%, which has decreased by 1.55% from 66.37% last quarter. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

ENIC

A Look Into Utilities Sector Value Stocks

Today, March 06, 2024, Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>) will distribute a dividend payout of $0.70 per share, highlighting an annualized dividend yield of 4.02%. Shareholders who owned the stock before the ex-dividend date on February 16, 2024 will be eligible for this payout.
<h3>Southern Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-16</td>
<td style="text-align: right;">4</td>
<td>$0.7</td>
<td>4.02%</td>
<td>2024-01-18</td>
<td>2024-02-20</td>
<td>2024-03-06</td>
</tr>
<tr>
<td>2023-11-17</td>
<td style="text-align: right;">4</td>
<td>$0.7</td>
<td>4.21%</td>
<td>2023-10-16</td>
<td>2023-11-20</td>
<td>2023-12-06</td>
</tr>
<tr>
<td>2023-08-18</td>
<td style="text-align: right;">4</td>
<td>$0.7</td>
<td>3.92%</td>
<td>2023-07-17</td>
<td>2023-08-21</td>
<td>2023-09-06</td>
</tr>
<tr>
<td>2023-05-12</td>
<td style="text-align: right;">4</td>
<td>$0.7</td>
<td>3.89%</td>
<td>2023-04-17</td>
<td>2023-05-15</td>
<td>2023-06-06</td>
</tr>
<tr>
<td>2023-02-17</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>4.09%</td>
<td>2023-01-20</td>
<td>2023-02-21</td>
<td>2023-03-06</td>
</tr>
<tr>
<td>2022-11-18</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>4.23%</td>
<td>2022-10-18</td>
<td>2022-11-21</td>
<td>2022-12-06</td>
</tr>
<tr>
<td>2022-08-12</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>3.76%</td>
<td>2022-07-18</td>
<td>2022-08-15</td>
<td>2022-09-06</td>
</tr>
<tr>
<td>2022-05-13</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>3.59%</td>
<td>2022-04-19</td>
<td>2022-05-16</td>
<td>2022-06-06</td>
</tr>
<tr>
<td>2022-02-18</td>
<td style="text-align: right;">4</td>
<td>$0.66</td>
<td>3.86%</td>
<td>2022-01-14</td>
<td>2022-02-22</td>
<td>2022-03-07</td>
</tr>
<tr>
<td>2021-11-12</td>
<td style="text-align: right;">4</td>
<td>$0.66</td>
<td>4.18%</td>
<td>2021-10-18</td>
<td>2021-11-15</td>
<td>2021-12-06</td>
</tr>
<tr>
<td>2021-08-13</td>
<td style="text-align: right;">4</td>
<td>$0.66</td>
<td>4.18%</td>
<td>2021-07-19</td>
<td>2021-08-16</td>
<td>2021-09-07</td>
</tr>
<tr>
<td>2021-05-14</td>
<td style="text-align: right;">4</td>
<td>$0.66</td>
<td>4.06%</td>
<td>2021-04-19</td>
<td>2021-05-17</td>
<td>2021-06-07</td>
</tr>
</tbody>
</table>
Southern's dividend yield falls in the middle range when compared to its industry peers, with Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) having the highest annualized dividend yield at 9.46%.
<h3>Analyzing Southern Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709737542_0.png" alt="dividend chart graph" />
During the period of 2020 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $2.54 to $2.78, reflecting the company's focus on providing greater returns to its shareholders.
<h3>YoY Earnings Growth For Southern</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709737542_1.png" alt="earning chart graph" />
The earnings chart illustrates an increase in Southern's earnings per share, from $3.05 in 2020 to $3.26 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
<h3>Recap</h3>
This article delves into the recent dividend payout of Southern and its implications for shareholders. Presently, the company is distributing a dividend of $0.70 per share, leading to an annualized dividend yield of 4.02%.
Southern's dividend yield falls in the middle range when compared to its industry peers, with Cia Energetica DE Minas having the highest annualized dividend yield at 9.46%.
With an increase in dividend per share and earnings per share from 2020 to 2023, Southern demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
[Track real-time stock fluctuations for Southern on Benzinga.](https://www.benzinga.com/quote/Southern (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/so#NYSE">SO</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

Unlocking Value and Investor Rewards: Southern Thrives with Strong Performance and Growing Profits

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the utilities sector:</h2>
<ol>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 3.97</li>
<li>Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) - P/E: 6.42</li>
<li>Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) - P/E: 9.64</li>
<li>Entergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) - P/E: 9.19</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.93</li>
</ol>
TransAlta's earnings per share for Q4 sits at $-0.2, whereas in Q3, they were at 1.05. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% in the previous quarter.
Hawaiian Electric Indus saw a decrease in earnings per share from 0.56 in Q3 to $0.48 now. Its most recent dividend yield is at 3.75%, which has increased by 0.01% from 3.74% in the previous quarter.
Most recently, Genie Energy reported earnings per share at $0.53, whereas in Q2 earnings per share sat at $0.45. The company's most recent dividend yield sits at 1.61%, which has increased by 0.13% from 1.48% last quarter. 
Entergy has reported Q4 earnings per share at $0.52, which has decreased by 84.1% compared to Q3, which was 3.27. Its most recent dividend yield is at 4.56%, which has decreased by 0.29% from 4.85% in the previous quarter.
This quarter, Cia Energetica DE Minas experienced a decrease in earnings per share, which was $0.12 in Q2 and is now $0.03. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

5 Value Stocks To Watch In The Utilities Sector

<h3>Understanding Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the utilities sector:</h2>
<ol>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 4.32</li>
<li>Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) - P/E: 9.41</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.99</li>
<li>OPAL Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPAL#NASDAQ">OPAL</a>) - P/E: 6.46</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 2.95</li>
</ol>
This quarter, TransAlta experienced an increase in earnings per share, which was $0.17 in Q2 and is now $1.05. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% in the previous quarter.
Genie Energy has reported Q3 earnings per share at $0.53, which has increased by 17.78% compared to Q2, which was 0.45. The company's most recent dividend yield sits at 1.61%, which has increased by 0.13% from 1.48% last quarter. 
This quarter, Cia Energetica DE Minas experienced a decrease in earnings per share, which was $0.12 in Q2 and is now $0.03. Most recently, OPAL Fuels reported earnings per share at $-0.01, whereas in Q2 earnings per share sat at $-0.12. This quarter, Enel Chile experienced an increase in earnings per share, which was $0.1 in Q2 and is now $0.14. Most recently, the company reported a dividend yield of 64.82%, which has decreased by 1.55% from last quarter's yield of 66.37%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

OPAL

<h3>Understanding Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the utilities sector:</h2>
<ol>
<li>OPAL Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPAL#NASDAQ">OPAL</a>) - P/E: 6.24</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.58</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 2.63</li>
<li>Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) - P/E: 9.65</li>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 4.31</li>
</ol>
This quarter, OPAL Fuels experienced an increase in earnings per share, which was $-0.12 in Q2 and is now $-0.01. This quarter, Cia Energetica DE Minas experienced a decrease in earnings per share, which was $0.12 in Q2 and is now $0.03. This quarter, Enel Chile experienced an increase in earnings per share, which was $0.1 in Q2 and is now $0.14. Its most recent dividend yield is at 64.82%, which has decreased by 1.55% from 66.37% in the previous quarter.
Genie Energy's earnings per share for Q3 sits at $0.53, whereas in Q2, they were at 0.45. Its most recent dividend yield is at 1.61%, which has increased by 0.13% from 1.48% in the previous quarter.
This quarter, TransAlta experienced an increase in earnings per share, which was $0.17 in Q2 and is now $1.05. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the utilities sector:</h2>
<ol>
<li>OPAL Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPAL#NASDAQ">OPAL</a>) - P/E: 6.39</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.76</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 2.7</li>
<li>Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) - P/E: 9.75</li>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 4.4</li>
</ol>
OPAL Fuels's earnings per share for Q3 sits at $-0.01, whereas in Q2, they were at -0.12. Most recently, Cia Energetica DE Minas reported earnings per share at $0.03, whereas in Q2 earnings per share sat at $0.12. Enel Chile saw an increase in earnings per share from 0.1 in Q2 to $0.14 now. Most recently, the company reported a dividend yield of 64.82%, which has decreased by 1.55% from last quarter's yield of 66.37%.
Genie Energy saw an increase in earnings per share from 0.45 in Q2 to $0.53 now. Most recently, the company reported a dividend yield of 1.48%, which has decreased by 0.71% from last quarter's yield of 2.19%.
This quarter, TransAlta experienced an increase in earnings per share, which was $0.17 in Q2 and is now $1.05. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

<h3>The Meaning Behind Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:</h2>
<ol>
<li>Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) - P/E: 7.02</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 2.74</li>
<li>Altus Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) - P/E: 9.96</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.75</li>
<li>Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEPC#NYSE">BEPC</a>) - P/E: 3.25</li>
</ol>
Hawaiian Electric Indus's earnings per share for Q3 sits at $0.56, whereas in Q2, they were at 0.5. The company's most recent dividend yield sits at 3.75%, which has increased by 0.01% from 3.74% last quarter. 
Enel Chile has reported Q3 earnings per share at $0.14, which has increased by 40.0% compared to Q2, which was 0.1. Most recently, the company reported a dividend yield of 64.82%, which has decreased by 1.55% from last quarter's yield of 66.37%.
Altus Power's earnings per share for Q3 sits at $0.03, whereas in Q2, they were at 0.04. Cia Energetica DE Minas's earnings per share for Q3 sits at $0.03, whereas in Q2, they were at 0.12. Brookfield Renewable has reported Q3 earnings per share at $-0.14, which has decreased by 40.0% compared to Q2, which was -0.1. The company's most recent dividend yield sits at 5.42%, which has increased by 0.65% from 4.77% last quarter. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

AMPS

BEPC

<h3>What Defines a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the utilities sector:</h2>
<ol>
<li>OPAL Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPAL#NASDAQ">OPAL</a>) - P/E: 7.04</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.65</li>
<li>Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEPC#NYSE">BEPC</a>) - P/E: 3.34</li>
<li>Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) - P/E: 8.15</li>
<li>Suburban Propane Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPH#NYSE">SPH</a>) - P/E: 8.9</li>
</ol>
OPAL Fuels has reported Q3 earnings per share at $-0.01, which has increased by 91.67% compared to Q2, which was -0.12. Cia Energetica DE Minas has reported Q3 earnings per share at $0.03, which has decreased by 75.0% compared to Q2, which was 0.12. Brookfield Renewable saw a decrease in earnings per share from -0.1 in Q2 to $-0.14 now. Most recently, the company reported a dividend yield of 5.42%, which has increased by 0.65% from last quarter's yield of 4.77%.
Most recently, Hawaiian Electric Indus reported earnings per share at $0.56, whereas in Q2 earnings per share sat at $0.5. Its most recent dividend yield is at 3.75%, which has increased by 0.01% from 3.74% in the previous quarter.
Suburban Propane Partners has reported Q4 earnings per share at $-0.33, which has decreased by 312.5% compared to Q3, which was -0.08. Most recently, the company reported a dividend yield of 7.71%, which has decreased by 0.99% from last quarter's yield of 8.7%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

Overview Of Value Stocks In The Utilities Sector

<h3>Understanding Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:</h2>
<ol>
<li>OPAL Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPAL#NASDAQ">OPAL</a>) - P/E: 7.13</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.7</li>
<li>Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEPC#NYSE">BEPC</a>) - P/E: 3.38</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 2.96</li>
<li>Suburban Propane Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPH#NYSE">SPH</a>) - P/E: 9.54</li>
</ol>
OPAL Fuels's earnings per share for Q3 sits at $-0.01, whereas in Q2, they were at -0.12. Most recently, Cia Energetica DE Minas reported earnings per share at $0.03, whereas in Q2 earnings per share sat at $0.12. Most recently, Brookfield Renewable reported earnings per share at $-0.14, whereas in Q2 earnings per share sat at $-0.1. Its most recent dividend yield is at 5.42%, which has increased by 0.65% from 4.77% in the previous quarter.
Enel Chile has reported Q3 earnings per share at $0.14, which has increased by 40.0% compared to Q2, which was 0.1. The company's most recent dividend yield sits at 64.82%, which has decreased by 1.55% from 66.37% last quarter. 
Most recently, Suburban Propane Partners reported earnings per share at $-0.33, whereas in Q3 earnings per share sat at $-0.08. Most recently, the company reported a dividend yield of 7.71%, which has decreased by 0.99% from last quarter's yield of 8.7%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:</h2>
<ol>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.8</li>
<li>Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) - P/E: 7.58</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 3.05</li>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 5.12</li>
<li>Suburban Propane Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPH#NYSE">SPH</a>) - P/E: 8.97</li>
</ol>
Most recently, Cia Energetica DE Minas reported earnings per share at $0.03, whereas in Q2 earnings per share sat at $0.12. Most recently, Hawaiian Electric Indus reported earnings per share at $0.56, whereas in Q2 earnings per share sat at $0.5. Most recently, the company reported a dividend yield of 3.75%, which has increased by 0.01% from last quarter's yield of 3.74%.
Enel Chile saw an increase in earnings per share from 0.1 in Q2 to $0.14 now. Its most recent dividend yield is at 64.82%, which has decreased by 1.55% from 66.37% in the previous quarter.
This quarter, TransAlta experienced an increase in earnings per share, which was $0.17 in Q2 and is now $1.05. The company's most recent dividend yield sits at 2.08%, which has decreased by 0.08% from 2.16% last quarter. 
Suburban Propane Partners has reported Q4 earnings per share at $-0.33, which has decreased by 312.5% compared to Q3, which was -0.08. The company's most recent dividend yield sits at 7.71%, which has decreased by 0.99% from 8.7% last quarter. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

B of A Securities downgraded its rating of Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) to Neutral with a price target of $2.60, changing its price target from $3.20 to $2.60.
Shares of Cia Energetica DE Minas are trading down 3.95% over the last 24 hours, at $2.19 per share.
A move to $2.60 would account for a 18.72% increase from the current share price.
<h3>About Cia Energetica DE Minas</h3>
Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

B of A Securities Downgrades Cia Energetica DE Minas: Here's What You Need To Know

U.S. stocks traded mixed, with the Dow Jones gaining around 90 points on Friday.
Shares of Bitfarms Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bitf#NASDAQ">BITF</a>) shares fell sharply during Friday&rsquo;s session after the company announced a C$60 million private placement with U.S. institutional investors.
Bitfarms shares dipped 9.9% to $1.0450 on Friday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>GDEV Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdev#NASDAQ">GDEV</a>) shares dipped 11.7% to $2.47. The company recently reported a decline in third-quarter sales.</li>
<li>Allego N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/allg#NYSE">ALLG</a>) fell 7.8% to $1.29. Allego recently posted a third-quarter loss of 17 cents per share.</li>
<li>Gracell Biotechnologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grcl#NASDAQ">GRCL</a>) declined 6% to $4.98. Gracell Biotechnologies recently posted a narrower-than-expected quarterly loss.</li>
<li>Intchains Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icg#NASDAQ">ICG</a>) shares fell 5.6% to $8.34.</li>
<li>Companhia Energ&eacute;tica de Minas Gerais &ndash; CEMIG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cig#NYSE">CIG</a>) shares fell 5.5% to $ 2.1550. B of A Securities downgraded Cia Energetica DE Minas from Buy to Neutral and lowered the price target from $3.2 to $2.6.</li>
</ul>
&nbsp;
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Penny Stocks

Small Cap

Intraday Update

Markets

Movers

ALLG

GDEV

GRCL

Bitfarms And Other Big Stocks Moving Lower On Friday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="http://benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Keybanc raised Broadcom Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>) price target from $1,000 to $1,200. Keybanc analyst John Vinh maintained an Overweight rating. Broadcom shares fell 0.9% to close at $972.00 on Wednesday. <a href="https://www.benzinga.com/quote/AVGO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank increased the price target for HUTCHMED (China) Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcm#NASDAQ">HCM</a>) from $20 to $22.1. Deutsche Bank analyst Cyrus Ng upgraded the stock from Hold to Buy. HUTCHMED shares rose 0.4% to close at $18.24 on Wednesday. <a href="https://www.benzinga.com/quote/HCM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham slashed Allot Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allt#NASDAQ">ALLT</a>) price target from $4 to $2.5. Needham analyst Alex Henderson maintained a Buy rating. Allot shares closed at $1.36 on Wednesday. <a href="https://www.benzinga.com/quote/ALLT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup cut the price target for LexinFintech Holdings Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lx#NASDAQ">LX</a>) from $3.86 to $2.12. Citigroup analyst Judy Zhang downgraded the stock from Buy to Neutral. LexinFintech shares gained 3.4% to $2.11 in pre-market trading. <a href="https://www.benzinga.com/quote/LX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley cut the price target for American Eagle Outfitters, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aeo#NYSE">AEO</a>) from $14 to $13. Morgan Stanley analyst Kimberly Greenberger maintained an Underweight rating. American Eagle shares rose 0.7% to $16.90 in pre-market trading. <a href="https://www.benzinga.com/quote/AEO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer slashed Ashford Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ainc#NYSE">AINC</a>) price target from $17 to $14. Oppenheimer analyst Tyler Batory maintained an Outperform rating. Ashford shares gained 3.1% to close at $5.34 on Wednesday. <a href="https://www.benzinga.com/quote/AINC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley lowered Robinhood Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) price target from $12 to $11. Morgan Stanley analyst Michael Cyprys maintained an Equal-Weight rating. Robinhood shares rose 0.2% to $8.23 in pre-market trading. <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities cut the price target for Companhia Energ&eacute;tica de Minas Gerais - CEMIG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cig#NYSE">CIG</a>) from $3.2 to $2.6. B of A Securities analyst Arthur Pereira downgraded the stock from Buy to Neutral. Companhia Energ&eacute;tica de Minas Gerais shares fell 4.8% to $2.17 in pre-market trading. <a href="https://www.benzinga.com/quote/CIG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut Urban Outfitters, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/urbn#NASDAQ">URBN</a>) price target from $42 to $36. Morgan Stanley analyst Alex Straton downgraded the stock from Overweight to Equal-Weight. Urban Outfitters shares fell 1.1% to $31.46 in pre-market trading. <a href="https://www.benzinga.com/quote/URBN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HSBC raised Linde plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lin#NASDAQ">LIN</a>) price target from $440 to $447. HSBC analyst Martin Evans maintained a Buy rating. Linde shares fell 0.1% to close at $411.62 on Wednesday. <a href="https://www.benzinga.com/quote/LIN/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
&nbsp;
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Price Target

AINC

ALLT

AVGO

HOOD

URBN

Broadcom To Rally More Than 23%? Here Are 10 Top Analyst Forecasts For Friday

B of A Securities analyst Arthur Pereira downgrades Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) from Buy to Neutral and lowers the price target from $3.2 to $2.6.

Downgrades

B of A Securities Downgrades Cia Energetica DE Minas to Neutral, Lowers Price Target to $2.6

HSBC analyst Lilyanna Yang upgrades Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) from Hold to Buy and announces $2.9 price target.

Upgrades

HSBC Upgrades Cia Energetica DE Minas to Buy, Announces $2.9 Price Target

<h3>Upgrades</h3>
For Regency Centers Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>), Argus Research upgraded the previous rating of Hold to Buy. In the second quarter, Regency Centers showed an EPS of $1.03, compared to $1.00 from the year-ago quarter. The current stock performance of Regency Centers shows a 52-week-high of $68.56 and a 52-week-low of $52.00. Moreover, at the end of the last trading period, the closing price was at $62.38. 
DA Davidson upgraded the previous rating for Pinterest Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) from Neutral to Buy. In the second quarter, Pinterest showed an EPS of $0.21, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.86 and a 52-week-low of $20.60. Pinterest closed at $26.21 at the end of the last trading period. 
TD Cowen upgraded the previous rating for Louisiana-Pacific Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) from Hold to Buy. Louisiana-Pacific earned $0.55 in the second quarter, compared to $4.57 in the year-ago quarter. The stock has a 52-week-high of $79.56 and a 52-week-low of $48.20. At the end of the last trading period, Louisiana-Pacific closed at $57.87. 
According to Citigroup, the prior rating for Pinterest Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) was changed from Neutral to Buy. In the second quarter, Pinterest showed an EPS of $0.21, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.86 and a 52-week-low of $20.60. Pinterest closed at $26.21 at the end of the last trading period. 
For Wingstop Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>), Wedbush upgraded the previous rating of Neutral to Outperform. Wingstop earned $0.57 in the second quarter, compared to $0.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $223.77 and a 52-week-low of $113.20. Wingstop closed at $173.74 at the end of the last trading period. 
Exane BNP Paribas upgraded the previous rating for Western Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) from Neutral to Outperform. Western Digital earned $1.98 in the fourth quarter, compared to $1.78 in the year-ago quarter. The current stock performance of Western Digital shows a 52-week-high of $46.33 and a 52-week-low of $29.74. Moreover, at the end of the last trading period, the closing price was at $43.92. 
According to BMO Capital, the prior rating for Goosehead Insurance Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) was changed from Market Perform to Outperform. For the second quarter, Goosehead Insurance had an EPS of $0.41, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $76.36 and a 52-week-low of $29.31. At the end of the last trading period, Goosehead Insurance closed at $74.68. 
For Kimco Realty Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>), Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. In the second quarter, Kimco Realty showed an EPS of $0.39, compared to $0.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $23.27 and a 52-week-low of $17.34. Kimco Realty closed at $18.49 at the end of the last trading period. 
According to Wells Fargo, the prior rating for SITE Centers Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SITC#NYSE">SITC</a>) was changed from Equal-Weight to Overweight. In the second quarter, SITE Centers showed an EPS of $0.29, compared to $0.31 from the year-ago quarter. The current stock performance of SITE Centers shows a 52-week-high of $14.62 and a 52-week-low of $10.43. Moreover, at the end of the last trading period, the closing price was at $13.35. 
According to BMO Capital, the prior rating for Hudson Pacific Properties Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>) was changed from Market Perform to Outperform. For the second quarter, Hudson Pacific Properties had an EPS of $0.24, compared to year-ago quarter EPS of $0.51. The current stock performance of Hudson Pacific Properties shows a 52-week-high of $12.74 and a 52-week-low of $4.04. Moreover, at the end of the last trading period, the closing price was at $6.74. 
According to Jefferies, the prior rating for Sabra Health Care REIT Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBRA#NASDAQ">SBRA</a>) was changed from Hold to Buy. Sabra Health Care REIT earned $0.33 in the second quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.31 and a 52-week-low of $10.08. Sabra Health Care REIT closed at $13.36 at the end of the last trading period. 
For Bausch Health Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>), Jefferies upgraded the previous rating of Hold to Buy. For the second quarter, Bausch Health Companies had an EPS of $0.81, compared to year-ago quarter EPS of $0.55. At the moment, the stock has a 52-week-high of $10.23 and a 52-week-low of $5.57. Bausch Health Companies closed at $7.72 at the end of the last trading period. 
For Cia Energetica DE Minas Gerais - Cemig (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>), B of A Securities upgraded the previous rating of Neutral to Buy. The current stock performance of Cia Energetica DE Minas shows a 52-week-high of $2.70 and a 52-week-low of $1.82. Moreover, at the end of the last trading period, the closing price was at $2.62. 
Goldman Sachs upgraded the previous rating for Azul SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZUL#NYSE">AZUL</a>) from Neutral to Buy. For the second quarter, Azul had an EPS of $0.81, compared to year-ago quarter EPS of $0.94. The stock has a 52-week-high of $13.87 and a 52-week-low of $3.82. At the end of the last trading period, Azul closed at $8.27. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
<h3>Downgrades</h3>
According to Raymond James, the prior rating for Ventas Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTR#NYSE">VTR</a>) was changed from Strong Buy to Outperform. Ventas earned $0.75 in the second quarter, compared to $0.72 in the year-ago quarter. The stock has a 52-week-high of $53.15 and a 52-week-low of $35.34. At the end of the last trading period, Ventas closed at $43.45. 
For Skyworks Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>), Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. In the third quarter, Skyworks Solutions showed an EPS of $1.73, compared to $2.44 from the year-ago quarter. The current stock performance of Skyworks Solutions shows a 52-week-high of $123.69 and a 52-week-low of $76.17. Moreover, at the end of the last trading period, the closing price was at $97.82. 
For ARS Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRY#NASDAQ">SPRY</a>), William Blair downgraded the previous rating of Outperform to Market Perform. In the second quarter, ARS Pharmaceuticals showed an EPS of $0.18, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.65 and a 52-week-low of $3.99. ARS Pharmaceuticals closed at $6.61 at the end of the last trading period. 
Wells Fargo downgraded the previous rating for Phillips Edison &amp; Co Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PECO#NASDAQ">PECO</a>) from Equal-Weight to Underweight. In the second quarter, Phillips Edison showed an EPS of $0.12, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $36.46 and a 52-week-low of $27.08. At the end of the last trading period, Phillips Edison closed at $34.78. 
Wells Fargo downgraded the previous rating for Retail Opportunity Investments Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) from Overweight to Equal-Weight. For the second quarter, Retail Opportunity had an EPS of $0.27, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $16.37 and a 52-week-low of $11.97. At the end of the last trading period, Retail Opportunity closed at $13.58. 
According to JP Morgan, the prior rating for Dollar General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) was changed from Neutral to Underweight. For the second quarter, Dollar Gen had an EPS of $2.13, compared to year-ago quarter EPS of $2.98. The stock has a 52-week-high of $261.57 and a 52-week-low of $112.16. At the end of the last trading period, Dollar Gen closed at $115.10. 
According to Morgan Stanley, the prior rating for Ncino Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) was changed from Equal-Weight to Underweight. In the second quarter, Ncino showed an EPS of $0.09, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.22 and a 52-week-low of $19.58. Ncino closed at $33.09 at the end of the last trading period. 
According to Morgan Stanley, the prior rating for Zebra Technologies Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) was changed from Equal-Weight to Underweight. In the second quarter, Zebra Technologies showed an EPS of $3.29, compared to $4.61 from the year-ago quarter. The stock has a 52-week-high of $351.74 and a 52-week-low of $225.14. At the end of the last trading period, Zebra Technologies closed at $252.17. 
Oppenheimer downgraded the previous rating for Chewy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) from Outperform to Perform. For the second quarter, Chewy had an EPS of $0.15, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $52.88 and a 52-week-low of $18.90. At the end of the last trading period, Chewy closed at $19.45. 
Exane BNP Paribas downgraded the previous rating for WPP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPP#NYSE">WPP</a>) from Outperform to Neutral. NoneThe current stock performance of WPP shows a 52-week-high of $64.07 and a 52-week-low of $39.69. Moreover, at the end of the last trading period, the closing price was at $47.15. 
B of A Securities downgraded the previous rating for PT Telkom Indonesia (Persero) Tbk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLK#NYSE">TLK</a>) from Buy to Neutral. For the first quarter, Telkom Indonesia had an EPS of $0.43, compared to year-ago quarter EPS of $0.43. The stock has a 52-week-high of $29.82 and a 52-week-low of $23.03. At the end of the last trading period, Telkom Indonesia closed at $24.18. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
<h3>Initiations</h3>
With an Outperform rating, Oppenheimer initiated coverage on Air Transport Services Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>). The price target seems to have been set at $27.00 for Air Transport Services Gr. In the second quarter, Air Transport Services Gr showed an EPS of $0.57, compared to $0.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.54 and a 52-week-low of $14.39. Air Transport Services Gr closed at $20.96 at the end of the last trading period. 
Hovde Group initiated coverage on Brookline Bancorp Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKL#NASDAQ">BRKL</a>) with an Outperform rating. The price target for Brookline Bancorp is set to $10.75. In the second quarter, Brookline Bancorp showed an EPS of $0.26, compared to $0.33 from the year-ago quarter. The stock has a 52-week-high of $15.50 and a 52-week-low of $7.00. At the end of the last trading period, Brookline Bancorp closed at $8.93. 
RBC Capital initiated coverage on International Business Machines Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) with an Outperform rating. The price target for IBM is set to $188.00. For the second quarter, IBM had an EPS of $2.18, compared to year-ago quarter EPS of $2.31. The current stock performance of IBM shows a 52-week-high of $153.18 and a 52-week-low of $115.57. Moreover, at the end of the last trading period, the closing price was at $146.52. 
Needham initiated coverage on Lululemon Athletica Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Buy rating. The price target for Lululemon Athletica is set to $470.00. In the second quarter, Lululemon Athletica showed an EPS of $2.68, compared to $2.20 from the year-ago quarter. The stock has a 52-week-high of $406.94 and a 52-week-low of $277.61. At the end of the last trading period, Lululemon Athletica closed at $384.45. 
With a Buy rating, Needham initiated coverage on On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>). The price target seems to have been set at $40.00 for On Holding. In the second quarter, On Holding showed an EPS of $0.04, compared to $0.15 from the year-ago quarter. The current stock performance of On Holding shows a 52-week-high of $37.08 and a 52-week-low of $15.44. Moreover, at the end of the last trading period, the closing price was at $29.86. 
With a Buy rating, Jefferies initiated coverage on CareTrust REIT Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>). The price target seems to have been set at $23.00 for CareTrust REIT. In the second quarter, CareTrust REIT showed an EPS of $0.35, compared to $0.37 from the year-ago quarter. The current stock performance of CareTrust REIT shows a 52-week-high of $21.37 and a 52-week-low of $16.22. Moreover, at the end of the last trading period, the closing price was at $20.02. 
With a Hold rating, Jefferies initiated coverage on National Health Investors Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NHI#NYSE">NHI</a>). The price target seems to have been set at $52.00 for National Health Investors. For the second quarter, National Health Investors had an EPS of $1.06, compared to year-ago quarter EPS of $1.26. The stock has a 52-week-high of $63.59 and a 52-week-low of $47.54. At the end of the last trading period, National Health Investors closed at $50.58. 
Roth MKM initiated coverage on Reviva Pharmaceuticals Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVPH#NASDAQ">RVPH</a>) with a Buy rating. The price target for Reviva Pharmaceuticals is set to $12.00. In the second quarter, Reviva Pharmaceuticals showed an EPS of $0.55, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $9.25 and a 52-week-low of $1.56. At the end of the last trading period, Reviva Pharmaceuticals closed at $5.23. 
With a Hold rating, Jefferies initiated coverage on LTC Properties Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTC#NYSE">LTC</a>). The price target seems to have been set at $29.00 for LTC Properties. LTC Properties earned $0.66 in the second quarter, compared to $0.64 in the year-ago quarter. At the moment, the stock has a 52-week-high of $42.17 and a 52-week-low of $30.87. LTC Properties closed at $31.88 at the end of the last trading period. 
With a Buy rating, Rosenblatt initiated coverage on Sonos Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONO#NASDAQ">SONO</a>). The price target seems to have been set at $20.00 for Sonos. In the third quarter, Sonos showed an EPS of $0.16, compared to $0.19 from the year-ago quarter. The current stock performance of Sonos shows a 52-week-high of $21.98 and a 52-week-low of $12.78. Moreover, at the end of the last trading period, the closing price was at $12.95. 
With a Market Outperform rating, JMP Securities initiated coverage on Mirum Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRM#NASDAQ">MIRM</a>). The price target seems to have been set at $70.00 for Mirum Pharmaceuticals. Mirum Pharmaceuticals earned $1.94 in the second quarter, compared to $0.84 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.39 and a 52-week-low of $17.33. Mirum Pharmaceuticals closed at $31.00 at the end of the last trading period. 
With an Overweight rating, JP Morgan initiated coverage on First Citizens BancShares Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>). The price target seems to have been set at $1850.00 for First Citizens BancShares. For the second quarter, First Citizens BancShares had an EPS of $52.60, compared to year-ago quarter EPS of $16.86. The stock has a 52-week-high of $1512.07 and a 52-week-low of $505.84. At the end of the last trading period, First Citizens BancShares closed at $1352.88. 
For Maplebear Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>), Needham initiated coverage, by setting the current rating at Hold. Maplebear earned $0.21 in the third quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $42.95 and a 52-week-low of $33.67. At the end of the last trading period, Maplebear closed at $33.70. 
With a Buy rating, DA Davidson initiated coverage on Build-A-Bear Workshop Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>). The price target seems to have been set at $42.00 for Build-A-Bear Workshop. For the second quarter, Build-A-Bear Workshop had an EPS of $0.57, compared to year-ago quarter EPS of $0.38. The current stock performance of Build-A-Bear Workshop shows a 52-week-high of $30.49 and a 52-week-low of $12.62. Moreover, at the end of the last trading period, the closing price was at $27.37. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

Initiation

ATSG

AZUL

BRKL

CART

CHWY

CTRE

FCNCA

GSHD

LULU

MIRM

NCNO

ONON

PECO

PINS

ROIC

RVPH

SBRA

SITC

SONO

SPRY

SWKS

WING

ZBRA

Benzinga's Top Ratings Upgrades, Downgrades For September 20, 2023

B of A Securities analyst Arthur Pereira upgrades Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) from Neutral to Buy.

B of A Securities Upgrades Cia Energetica DE Minas to Buy

Press Releases

Cemig Files 2024 Form 20-F

ALLETE

Cia Energetica DE Minas

Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one Common Share)

Centrais Eletricas

Centrais Electricas Brasileiras S.A. Sponsored ADS representing Pfd Shares

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) American Depositary Shares

Empresa Distribuidora y

Companhia Paranaense de Energia (COPEL) American Depositary Shares (each representing one Unit consisting one Common Share and four non-voting Class B Preferred Shares)

Cia Paranaense De Energia

Companhia Paranaense de Energia (COPEL) American Depositary Shares (each representing four (4) Common Shares)

Enel Chile S.A. American Depositary Shares (Each representing 50 shares of Common Stock)

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Cia Energetica DE Minas

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