Companhia Energética de Minas Gerais - CEMIG (CIG)

NYSE: CIG · Real-Time Price · USD
1.970
+0.070 (3.68%)
Nov 4, 2024, 4:00 PM EST - Market closed
3.68%
Market Cap 6.33B
Revenue (ttm) 6.82B
Net Income (ttm) 1.07B
Shares Out 2.86B
EPS (ttm) 0.38
PE Ratio 5.89
Forward PE 7.58
Dividend $0.30 (15.24%)
Ex-Dividend Date Sep 30, 2024
Volume 1,059,710
Open 1.970
Previous Close 1.900
Day's Range 1.950 - 1.990
52-Week Range 1.623 - 2.190
Beta 0.81
Analysts Hold
Price Target 2.00 (+1.52%)
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... [Read more]

Sector Utilities
Founded 1952
Employees 4,917
Stock Exchange NYSE
Ticker Symbol CIG
Full Company Profile

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 Financial Statements

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
(1.52% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Cemig: A Solid Pick For Dividends In Brazil

Cemig, a state-owned electricity company in Minas Gerais, operates in generation, transmission, and distribution, with stable operations and attractive dividends. Despite governance risks, Cemig's eff...

2 months ago - Seeking Alpha

Companhia Energetica de Minas Gerais - CEMIG (CIG) Q2 2024 Earnings Call Transcript

Companhia Energetica de Minas Gerais - CEMIG (NYSE:CIG) Q2 2024 Earnings Conference Call August 20, 2024 8:30 AM ET Company Participants Carolina Senna - Investor Relations Superintendent Marcio Luiz...

2 months ago - Seeking Alpha

Companhia Energética de Minas Gerais - CEMIG (CIG) Q1 2024 Earnings Call Transcript

Companhia Energética de Minas Gerais - CEMIG (NYSE:CIG) Q1 2024 Results Conference Call May 14, 2024 9:00 AM ET Company Participants Carolina Senna - IR Reynaldo Filho - CEO Leonardo Magalhaes - CFO ...

6 months ago - Seeking Alpha

CEMIG Files 2023 Form 20-F

BELO HORIZONTE, Brazil , April 30, 2024 /PRNewswire/ -- A COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("CEMIG") (NYSE: CIG), (NYSE: CIG.C), (B3: CMIG3), (B3: CMIG4), a publicly held company with shar...

6 months ago - PRNewsWire

CEMIG: Remote Chance Of Federalization Opens Up A Great Buying Point

The company has been delivering excellent results since its turnaround in 2019, with cost reduction, lower leverage, and prospects for further improving its EBITDA margin. Despite this, the company is...

7 months ago - Seeking Alpha

Companhia Energética de Minas Gerais - CEMIG (CIG) Q4 2023 Earnings Call Transcript

Companhia Energética de Minas Gerais - CEMIG (CIG) Q4 2023 Earnings Call Transcript

8 months ago - Seeking Alpha

Companhia Energética de Minas Gerais - CEMIG (CIG) Q3 2023 Earnings Call Transcript

Companhia Energética de Minas Gerais - CEMIG (NYSE:CIG) Q3 2023 Earnings Conference Call November 10, 2023 1:00 PM ET Company Participants Carolina Senna - Superintendent, IR Reynaldo Passanezi Filho...

1 year ago - Seeking Alpha

Companhia Energética de Minas Gerais (CIG) Q2 2023 Earnings Call Transcript

Companhia Energética de Minas Gerais (NYSE:CIG) Q2 2023 Earnings Conference Call August 4, 2023 2:00 PM ET Company Participants Carolina Senna - Superintendent, IR Reynaldo Passanezi Filho - CEO Leon...

1 year ago - Seeking Alpha

Cemig: Great Business But Uncertain Future

Brazilian power company Cemig has seen a significant recovery since 2019, with operational expenses and losses now within regulatory limits, and future investment plans focusing on its distribution se...

1 year ago - Seeking Alpha

Companhia Energética de Minas Gerais (CIG) Q1 2023 Earnings Call Transcript

Companhia Energética de Minas Gerais (NYSE:CIG) Q1 2023 Results Conference Call May 5, 2023 2:00 PM ET Company Participants Carolina Senna - Superintendent-Investor Relations Leonardo George de Magal...

1 year ago - Seeking Alpha

Companhia Energética de Minas Gerais (CIG) Q4 2022 Earnings Call Transcript

Companhia Energética de Minas Gerais (NYSE:CIG) Q4 2022 Earnings Conference Call March 27, 2023 10:30 AM ET Company Participants Márcio Luiz Simões Utsch – Chairman Carolina Senna – Superintendent-In...

1 year ago - Seeking Alpha

Companhia Energetica de Minas Gerais: Buy On A Convincing Swing Low

Companhia Energética de Minas Gerais continues its aggressive investment path. This is possible due to a strong balance sheet and strong cash flow generation.

1 year ago - Seeking Alpha

Companhia Energética de Minas Gerais (CIG) Q3 2022 Earnings Call Transcript

Companhia Energética de Minas Gerais (NYSE:CIG) Q3 2022 Earnings Conference Call November 16, 2022 1:00 PM ET Company Participants Carolina Sena - Investor Relations, Superintendent Reynaldo Passanez...

2 years ago - Seeking Alpha

Companhia Energética de Minas Gerais' (CIG) Management on Q2 2022 Results - Earnings Call Transcript

Companhia Energética de Minas Gerais (NYSE:CIG) Q2 2022 Earnings Conference Call August 16, 2022 2:00 PM ET Company Participants Carolina Sena – Investor Relations, Superintendent Leonardo George de ...

2 years ago - Seeking Alpha

Companhia Energetica de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q1 2022 Results - Earnings Call Transcript

Companhia Energetica de Minas Gerais (NYSE:CIG) Q1 2022 Earnings Conference Call May 16, 2022 9:00 AM ET Company Participants Carolina Senna - Superintendent of Investor Relations Reynaldo Passanezi ...

2 years ago - Seeking Alpha

Companhia Energética de Minas Gerais' (CIG) CEO Reynaldo Passanezi Filho on Q3 2021 Results - Earnings Call Transcript

Companhia Energética de Minas Gerais' (CIG) CEO Reynaldo Passanezi Filho on Q3 2021 Results - Earnings Call Transcript

3 years ago - Seeking Alpha

Companhia Energética de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q2 2021 Results - Earnings Call Transcript

Companhia Energética de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q2 2021 Results - Earnings Call Transcript

3 years ago - Seeking Alpha

Companhia Energetica: Strong Return On Capital Performer

The company actually reported an impressive set of first quarter numbers, although doubts remain regarding future profitability. The market has not rewarded the stock yet for the transition it is unde...

3 years ago - Seeking Alpha

A Trio of High Return Non-Cyclical Stock Picks

Investors may want to consider the three non-cyclical stocks listed below, as their earnings yields (as calculated via Joel Greenblatt (Trades, Portfolio)'s method) are doubling the 20-year high quali...

Other symbols: HOLXSFM
3 years ago - GuruFocus

Companhia Energética de Minas Gerais's (CIG) CEO Reynaldo Passanezi Filho on Q1 2021 Results - Earnings Call Transcript

Companhia Energética de Minas Gerais's (CIG) CEO Reynaldo Passanezi Filho on Q1 2021 Results - Earnings Call Transcript

3 years ago - Seeking Alpha

Debt Reductions And Possible Privatization Could Make CEMIG An Attractive Investment

Improving the fixed asset turnover ratio demonstrates that the company is improving its efficiency.

3 years ago - Seeking Alpha

Our Top Contrarian Idea: Buy Brazil Stocks

"Apocalyptic" headlines out of Brazil have pressured risk appetite and sentiment towards investing in the country. We have a more constructive view with an expectation that the economy can recover as ...

3 years ago - Seeking Alpha

Companhia Energetica: Low Priced Stock Brings Opportunity

Profitability has dropped a lot this year but expectations remain strong going forward. Assets have been shrinking on the balance sheet but cash flow generation remains strong.

4 years ago - Seeking Alpha

Companhia Energética de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q3 2020 Results - Earnings Call Transcript

Companhia Energética de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q3 2020 Results - Earnings Call Transcript

4 years ago - Seeking Alpha

A Brazilian-Focused Dividend Portfolio

Four out of thirty-seven Brazilian ADRs scored five out of five on the dividend binomial test and they have an equalweight average 2022 forward dividend yield of 7.6%.

4 years ago - Seeking Alpha