Cia Energetica DE Minas Gerais - Cemig (CIG)

Market Cap	5.74B
Revenue (ttm)	7.57B
Net Income (ttm)	1.18B
Shares Out	3.15B
EPS (ttm)	0.37
PE Ratio	4.92
Forward PE	5.27
Dividend	$0.22 (11.97%)
Ex-Dividend Date	May 2, 2024

Volume	878,911
Open	1.820
Previous Close	1.820
Day's Range	1.810 - 1.835
52-Week Range	1.623 - 2.115
Beta	0.81
Analysts	Buy
Price Target	2.12 (+16.48%)
Earnings Date	Aug 1, 2024

About CIG

Companhia Energética de Minas Gerais - CEMIG, 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 cyber...

• Industry: Utilities - Diversified
• Sector: Utilities
• Founded: 1952
• Employees: 4,917
• Stock Exchange: NYSE
• Ticker Symbol: CIG

Financial Performance

In 2023, CIG's revenue was 36.85 billion, an increase of 6.93% compared to the previous year's 34.46 billion. Earnings were 5.76 billion, an increase of 40.86%.

Financial numbers in BRL

Analyst Forecast

According to 2 analysts, the average rating for CIG stock is "Buy." The 12-month stock price forecast is $2.12, which is an increase of 16.48% from the latest price.

Price Target

$2.12

(16.48% upside)

Analyst Consensus: Buy