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

Stock Price: $2.09 USD 0.05 (2.21%)
Updated Mar 2, 2021 2:36 PM EST - Market open
Market Cap 3.52B
Revenue (ttm) 6.35B
Net Income (ttm) 781.75M
Shares Out 1.52B
EPS (ttm) 0.21
PE Ratio 9.79
Forward PE 8.50
Dividend $0.13
Dividend Yield 6.43%
Trading Day March 2
Last Price $2.09
Previous Close $2.04
Change ($) 0.05
Change (%) 2.21%
Day's Open 2.00
Day's Range 1.96 - 2.12
Day's Volume 6,335,516
52-Week Range 1.22 - 3.14

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Seeking Alpha - 2 months ago

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.

Seeking Alpha - 3 months ago

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

Seeking Alpha - 4 months ago

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%.

Other stocks mentioned: BBD, BBDO, BDORY, BSBR, CPL, EBR, EWZ, HYPMY, ITUB, PBR, VALE
GuruFocus - 4 months ago

One way to discover value opportunities is to screen the market for stocks trading below the Graham Number, as such stocks could be trading below their intrinsic value.

Other stocks mentioned: FOR, SI
Seeking Alpha - 6 months ago

CEMIG: An Ex-High-Yielding Brazilian Utility That Is Best Avoided For Now

Seeking Alpha - 6 months ago

Companhia Energética de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q2 2020 Results - Earnings Call Transcript

The Motley Fool - 9 months ago

Sometimes, stocks go up for no reason -- or even for a bad reason.

Other stocks mentioned: GGB, SBS, SID
Seeking Alpha - 9 months ago

Companhia Energética de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q1 2020 Results - Earnings Call Transcript

The Motley Fool - 10 months ago

Brazil's president could soon be impeached. This is good news?

Other stocks mentioned: AZUL, BBD, BSBR, ERJ, SID
The Motley Fool - 10 months ago

Brazil is the new COVID-19 hot spot.

Other stocks mentioned: BBD, PBR, PBR.A
Seeking Alpha - 1 year ago

Companhia Energética de Minas Gerais (CIG) Management on Q3 2019 Results - Earnings Call Transcript

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, 2019, the company operated 80 hydroelectric, thermoelectric, and wind and solar plants with an installed capacity of 6,000 MW; 4,134 km of transmission lines; and 335,421 km of distribution lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of technology systems and systems for operational manage... [Read more...]

Industry
Utilities-Diversified
Founded
1952
CEO
Reynaldo Filho
Employees
5,329
Stock Exchange
NYSE
Ticker Symbol
CIG
Full Company Profile

Financial Performance

In 2019, CIG's revenue was 25.39 billion, an increase of 14.03% compared to the previous year's 22.27 billion. Earnings were 3.13 billion, an increase of 83.94%.

Financial numbers in millions BRL.
Financial Statements

Analyst Forecasts

According to 3 analysts, the average rating for CIG stock is "Strong Buy." The 12-month stock price forecast is 3.23, which is an increase of 54.92% from the latest price.

Price Target
$3.23
(54.92% upside)
Analyst Consensus: Strong Buy