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

NYSE: CIG · IEX Real-Time Price · USD
2.42
-0.03 (-1.22%)
Aug 11, 2022 4:00 PM EDT - Market closed
-1.22%
Market Cap 6.10B
Revenue (ttm) 6.04B
Net Income (ttm) 673.43M
Shares Out 2.52B
EPS (ttm) 0.33
PE Ratio 7.33
Forward PE 9.95
Dividend $0.14 (5.89%)
Ex-Dividend Date Jun 27, 2022
Volume 4,545,078
Open 2.48
Previous Close 2.45
Day's Range 2.40 - 2.48
52-Week Range 1.87 - 3.39
Beta 0.57
Analysts Buy
Price Target 2.30 (-5.0%)
Earnings Date Aug 17, 2022

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, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 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 infrastructure, IT management, and cybersecurit... [Read more...]

Industry Electric Utilities
Founded 1952
CEO Reynaldo Filho
Employees 5,025
Stock Exchange NYSE
Ticker Symbol CIG
Full Company Profile

Financial Performance

In 2021, CIG's revenue was 33.65 billion, an increase of 33.37% compared to the previous year's 25.23 billion. Earnings were 3.75 billion, an increase of 30.97%.

Financial numbers in BRL Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for CIG stock is "Buy." The 12-month stock price forecast is 2.3, which is a decrease of -4.96% from the latest price.

Price Target
$2.3
(-4.96% downside)
Analyst Consensus: Buy
Stock Forecasts

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