Skip to main content

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 Cap4.45B
Revenue (ttm)4.85B
Net Income (ttm)550.77M
Shares Out1.69B
EPS (ttm)0.45
PE Ratio5.21
Forward PE9.07
Dividendn/a
Ex-Dividend Daten/a
Volume11,194,864
Open2.35
Previous Close2.38
Day's Range2.22 - 2.38
52-Week Range1.66 - 2.85
Beta0.65
AnalystsBuy
Price Target2.94 (+26.7%)
Est. Earnings DateNov 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

News

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 quality...

Other symbols:HOLXSFM
2 months ago - GuruFocus

8 Best Utility Stocks to Buy for Downside Protection

Utility stocks can be the perfect choice for those looking for balance in their portfolios and a solid way to reduce volatility. The post 8 Best Utility Stocks to Buy for Downside Protection appeared fi...

4 months ago - InvestorPlace

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.

9 months 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

11 months 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%.

1 year ago - Seeking Alpha

A Trio of Stock Picks Trading Below the Graham Number

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 symbols:FORSI
1 year ago - GuruFocus

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

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

1 year ago - Seeking Alpha

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

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

1 year ago - Seeking Alpha

Why Brazilian Steel and Utilities Stocks Surged Today

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

Other symbols:GGBSBSSID
1 year ago - The Motley Fool

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

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

1 year ago - Seeking Alpha

Why Brazilian Stocks Are Hopping as Much as 16% Today

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

Other symbols:AZULBBDBSBRERJSID
1 year ago - The Motley Fool

Why Brazilian Stocks Are Dropping 9% or More Today

Brazil is the new COVID-19 hot spot.

Other symbols:BBDPBR
1 year ago - The Motley Fool

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

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

1 year ago - Seeking Alpha