Cia Energetica DE Minas Gerais - Cemig (CIG)

NYSE: CIG · IEX Real-Time Price · USD
2.470
-0.005 (-0.19%)
Mar 28, 2024, 4:00 PM EDT - Market closed
-0.19%
Market Cap 5.77B
Revenue (ttm) 6.51B
Net Income (ttm) 773.53M
Shares Out 2.32B
EPS (ttm) 0.37
PE Ratio 5.18
Forward PE 5.26
Dividend $0.26 (10.47%)
Ex-Dividend Date Mar 28, 2024
Volume 2,011,379
Open 2.490
Previous Close 2.475
Day's Range 2.460 - 2.530
52-Week Range 2.110 - 2.750
Beta 0.78
Analysts Buy
Price Target 2.75 (+11.34%)
Earnings Date May 2, 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, 2022, the company operated 69 hydroelectric, wind, and solar plants with an installed capacity of 5,519 MW; 351,163 miles of distribution lines; and 4,580 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 cyber... [Read more]

Sector Utilities
Founded 1952
Employees 4,969
Stock Exchange NYSE
Ticker Symbol CIG
Full Company Profile

Financial Performance

In 2022, CIG's revenue was 34.46 billion, an increase of 2.43% compared to the previous year's 33.65 billion. Earnings were 4.09 billion, an increase of 9.09%.

Financial numbers in BRL Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for CIG stock is "Buy." The 12-month stock price forecast is $2.75, which is an increase of 11.34% from the latest price.

Price Target
$2.75
(11.34% upside)
Analyst Consensus: Buy
Stock Forecasts

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