Companhia Energetica de Minas Gerais S.A. (CIG)

NYSE: CIG · IEX Real-Time Price · USD

2.37

+0.05 (2.16%)

After-hours:Oct 22, 2021 7:14 PM EDT

2.32

-0.06 (-2.52%)

At close: Oct 22, 4:00 PM

Market Cap	4.45B
Revenue (ttm)	4.85B
Net Income (ttm)	550.77M
Shares Out	1.69B
EPS (ttm)	0.45
PE Ratio	5.21
Forward PE	9.07
Dividend	n/a
Ex-Dividend Date	n/a

Volume	11,194,864
Open	2.35
Previous Close	2.38
Day's Range	2.22 - 2.38
52-Week Range	1.66 - 2.85
Beta	0.65
Analysts	Buy
Price Target	2.94 (+26.7%)
Est. Earnings Date	Nov 12, 2021

About CIG

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2020, the company operated 89 hydroelectric, wind, and solar plants with an installed capacity of 6,000 MW; 339,086 miles of distribution lines; and as of January 27, 2021, it operated 4,374 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 infrastruct...

IndustryElectric Utilities

Founded1952

CEOBernardo Afonso Salomao de Alvarenga

Employees5,288

Stock ExchangeNYSE

Ticker SymbolCIG

Full Company Profile

Financial Performance

In 2020, CIG's revenue was 25.23 billion, a decrease of -1.01% compared to the previous year's 25.49 billion. Earnings were 2.86 billion, a decrease of -10.33%.

Financial numbers in millions BRLFinancial Statements

Analyst Forecast

According to 3 analysts, the average rating for CIG stock is "Buy." The 12-month stock price forecast is 2.94, which is an increase of 26.72% from the latest price.

Price Target

$2.94

(26.72% upside)

Analyst Consensus: Buy

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