Companhia Energética de Minas Gerais - CEMIG (CIG)

Market Cap	6.42B
Revenue (ttm)	7.09B
Net Income (ttm)	1.47B
Shares Out	2.86B
EPS (ttm)	0.51
PE Ratio	4.37
Forward PE	8.12
Dividend	$0.31 (14.78%)
Ex-Dividend Date	Sep 30, 2024

Volume	1,498,883
Open	2.040
Previous Close	2.040
Day's Range	2.040 - 2.090
52-Week Range	1.623 - 2.190
Beta	0.82
Analysts	Hold
Price Target	2.00 (-3.38%)
Earnings Date	Nov 13, 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, 2023, the company operated 57 hydro plants with a total capacity of 5,010.4 MW, 9 wind farms with a total capacity of 175.7 MW, and 2 photovoltaic power stations with a total capacity of 3.9 MW; 344,006 miles of distribution lines; and 4,653 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products an...

• Industry: Utilities - Diversified
• Sector: Utilities
• Founded: 1952
• Employees: 4,917
• Stock Exchange: NYSE
• Ticker Symbol: CIG
• Website: https://www.cemig.com.br

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 one analyst, the rating for CIG stock is "Hold" and the 12-month stock price forecast is $2.0.

Price Target

$2.0

(-3.38% downside)

Analyst Consensus: Hold