Should I buy or sell CEMIG stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CEMIG in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CIG shares. View CIG analyst ratings or view top-rated stocks .

What is CEMIG's stock price target for 2024?

3 equities research analysts have issued 1-year price targets for CEMIG's shares. Their CIG share price targets range from $2.60 to $2.90. On average, they anticipate the company's share price to reach $2.75 in the next year. This suggests a possible upside of 11.8% from the stock's current price. View analysts price targets for CIG or view top-rated stocks among Wall Street analysts .

How have CIG shares performed in 2024?

CEMIG's stock was trading at $2.32 at the beginning of 2024. Since then, CIG stock has increased by 6.0% and is now trading at $2.46. View the best growth stocks for 2024 here .

Are investors shorting CEMIG?

CEMIG saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,320,000 shares, a decline of 8.3% from the March 15th total of 1,440,000 shares. Based on an average daily trading volume, of 2,570,000 shares, the days-to-cover ratio is currently 0.5 days. View CEMIG's Short Interest .

When is CEMIG's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our CIG earnings forecast .

How often does CEMIG pay dividends? What is the dividend yield for CEMIG?

CEMIG announced a dividend on Friday, March 22nd. Stockholders of record on Monday, April 1st will be given a dividend of $0.0352 per share on Wednesday, March 27th. The ex-dividend date of this dividend is Thursday, March 28th. Read our dividend analysis for CIG .

Is CEMIG a good dividend stock?

CEMIG (NYSE:CIG) pays an annual dividend of $0.19 per share and currently has a dividend yield of 7.79%. CIG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIG will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CIG .

What ETFs hold CEMIG's stock?

ETFs with the largest weight of CEMIG (NYSE:CIG) stock in their portfolio include iShares Emerging Markets Infrastructure ETF (EMIF) , Virtus Real Asset Income ETF (VRAI) , Invesco Zacks Multi-Asset Income ETF (CVY) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW) . VanEck Low Carbon Energy ETF (SMOG) .

What is Djalma Bastos de Morais' approval rating as CEMIG's CEO?

2 employees have rated CEMIG Chief Executive Officer Djalma Bastos de Morais on Glassdoor.com . Djalma Bastos de Morais has an approval rating of 100% among the company's employees. This puts Djalma Bastos de Morais in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of CEMIG own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CEMIG investors own include Enterprise Products Partners (EPD) , Vale (VALE) , Petróleo Brasileiro S.A. - Petrobras (PBR) , CBL & Associates Properties (CBL) , General Electric (GE) , Ford Motor (F) , Pfizer (PFE) , Rigel Pharmaceuticals (RIGL) , Energy Transfer (ET) and New Residential Investment (NRZ) .

How do I buy shares of CEMIG?

Shares of CIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:CIG

CEMIG (CIG) Stock Price, News & Analysis

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Free CIG Stock Alerts

$2.46

-0.01 (-0.40%)

(As of 04/15/2024 ET)

Compare

Today's Range: $2.39
▼
$2.46
50-Day Range: $2.21
▼
$2.60
52-Week Range: $2.11
▼
$2.75

Volume: 3.95 million shs
Average Volume: 2.54 million shs
Market Capitalization: N/A

P/E Ratio: 5.35
Dividend Yield: 7.72%
Price Target: $2.75

Get CEMIG alerts:

CEMIG MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 11.8% Upside
$2.75 Price Target
Short Interest: Healthy
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -15.56%
From $0.45 to $0.38 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.47 out of 5 stars

2.3

Analyst's Opinion

Consensus Rating
CEMIG has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
CEMIG has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
CEMIG has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in CEMIG has recently decreased by 8.33%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
CEMIG is a leading dividend payer. It pays a dividend yield of 7.79%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CEMIG has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of CEMIG is 41.31%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, CEMIG will have a dividend payout ratio of 50.00% next year. This indicates that CEMIG will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CIG.

3.8

News and Social Media Coverage

News Sentiment
CEMIG has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 1 news article for CEMIG this week, compared to 0 articles on an average week.
Search Interest
7 people have searched for CIG on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.
MarketBeat Follows
2 people have added CEMIG to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

N/A

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CEMIG insiders have not sold or bought any company stock.

1.3

Earnings and Valuation

Earnings Growth
Earnings for CEMIG are expected to decrease by -15.56% in the coming year, from $0.45 to $0.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CEMIG is 5.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of CEMIG is 5.35, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 76.41.
Price to Book Value per Share Ratio
CEMIG has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About CEMIG Stock (NYSE:CIG)

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels. As of December 31, 2016, it operated hydroelectric plants, thermoelectric plants, and solar plants with a total installed capacity of approximately 8,000 megawatts in 10 states of Brazil. It is also involved in the telecommunications and energy solutions consulting businesses; exploitation of natural gas; sale and trading of electricity; and acquisition, transport, and distribution of gas and its subproducts and derivatives, as well as provision of technology systems and systems for operational management of public service concessions, including companies operating in electricity, gas, water and sewerage, and other utility companies. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil.

CIG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CIG Stock News Headlines

April 9, 2024 | americanbankingnews.com

CEMIG (NYSE:CIG) Shares Pass Above Two Hundred Day Moving Average of $2.36

April 3, 2024 | dailymail.co.uk

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March 27, 2024 | abcnews.go.com

New Zealand will ban disposable e-cigarettes in bid to stop minors taking up habit

March 27, 2024 | seekingalpha.com

CEMIG: Remote Chance Of Federalization Opens Up A Great Buying Point

March 25, 2024 | finance.yahoo.com

Companhia Energética de Minas Gerais (NYSE:CIG) Q4 2023 Earnings Call Transcript

March 24, 2024 | seekingalpha.com

Companhia Energética de Minas Gerais - CEMIG (CIG) Q4 2023 Earnings Call Transcript

March 22, 2024 | seekingalpha.com

Companhia Energética de Minas Gerais - CEMIG 2023 Q4 - Results - Earnings Call Presentation

April 16, 2024 | InvestorPlace (Ad)

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March 19, 2024 | finance.yahoo.com

CIG Apr 2024 2.500 put

March 10, 2024 | finance.yahoo.com

CIG Sep 2024 2.500 call

February 17, 2024 | finance.yahoo.com

CIG Jun 2024 1.500 call

January 18, 2024 | money.usnews.com

Cia Energetica DE Minas Gerais - Cemig - ADR (Preference Shares)

January 18, 2024 | morningstar.com

Cia Energetica DE Minas Gerais - Cemig ADR CIG.C

January 3, 2024 | morningstar.com

Cia Energetica DE Minas Gerais - Cemig ADR

December 22, 2023 | finance.yahoo.com

Cia Energetica DE Minas Gerais - Cemig's Dividend Analysis

December 14, 2023 | finance.yahoo.com

3 Reasons Growth Investors Will Love Cemig (CIG)

November 28, 2023 | finance.yahoo.com

Here is Why Growth Investors Should Buy Cemig (CIG) Now

November 27, 2023 | msn.com

Cia Energetica DE Minas Gerais - Cemig - ADR - Level II (CIG.C) Price Target Increased by 19.01% to 4.18

November 26, 2023 | realmoney.thestreet.com

Cemig downgraded to Neutral from Buy at BofA

November 24, 2023 | markets.businessinsider.com

B of A Securities Downgrades Cia Energetica DE Minas: Here's What You Need To Know

November 23, 2023 | seekingalpha.com

CIG Companhia Energética de Minas Gerais - CEMIG

November 22, 2023 | msn.com

ELLO and CIG are among utility movers

November 16, 2023 | bbc.co.uk

Man filmed throwing lit cigarette at car in Grays

November 14, 2023 | finance.yahoo.com

Companhia Energética de Minas Gerais (NYSE:CIG) Q3 2023 Earnings Call Transcript

November 10, 2023 | seekingalpha.com

Companhia Energética de Minas Gerais - CEMIG 2023 Q3 - Results - Earnings Call Presentation

October 16, 2023 | finance.yahoo.com

Should Value Investors Buy Comp En De Mn Cemig (CIG) Stock?

See More Headlines

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Company Calendar

Dividend Payable: 3/27/2024
Ex-Dividend for 3/27 Dividend: 3/28/2024
Today: 4/15/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Utilities
Industry: Electric services
Sub-Industry: N/A
Current Symbol: NYSE:CIG
CUSIP: N/A
CIK: 1157557
Web: www.cemig.com.br
Phone: 55-31-3506-5024
Fax: N/A
Employees: 4,969
Year Founded: 1952

Price Target and Rating

Average Stock Price Target: $2.75
High Stock Price Target: $2.90
Low Stock Price Target: $2.60
Potential Upside/Downside: +11.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 5.35
Forward P/E Ratio: 5.47
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 0.46
Current Ratio: 1.30
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $6.67 billion
Price / Sales: N/A
Cash Flow: $0.46 per share
Price / Cash Flow: 5.32
Book Value: $1.92 per share
Price / Book: 1.28

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Optionable
Beta: 1.24

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Key Executives

Mr. Bernardo Afonso Salomão de Alvarenga (Age 67)
CEO, Pres of Exec. Board & Director
Mr. Maurício Fernandes Leonardo Jr.
Júnior, Chief Officer for Fin. & Investor Relations and Member of Exec. Board
Mr. Franklin Moreira Gonçalves (Age 48)
Chief Generation & Transmission Officer and Member of Exec. Board
Mr. Daniel Faria Costa
Chief Trading Officer & Member of Exec. Board
Mr. José de Araújo Lins Neto
Chief Corp. Management Officer & Member of Exec. Board

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CIG Stock Analysis - Frequently Asked Questions

Should I buy or sell CEMIG stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CEMIG in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CIG shares.
View CIG analyst ratings or view top-rated stocks.
What is CEMIG's stock price target for 2024?: 3 equities research analysts have issued 1-year price targets for CEMIG's shares. Their CIG share price targets range from $2.60 to $2.90. On average, they anticipate the company's share price to reach $2.75 in the next year. This suggests a possible upside of 11.8% from the stock's current price.
View analysts price targets for CIG or view top-rated stocks among Wall Street analysts.
How have CIG shares performed in 2024?: CEMIG's stock was trading at $2.32 at the beginning of 2024. Since then, CIG stock has increased by 6.0% and is now trading at $2.46.
View the best growth stocks for 2024 here.
Are investors shorting CEMIG?: CEMIG saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,320,000 shares, a decline of 8.3% from the March 15th total of 1,440,000 shares. Based on an average daily trading volume, of 2,570,000 shares, the days-to-cover ratio is currently 0.5 days.
View CEMIG's Short Interest.
When is CEMIG's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CIG earnings forecast.
How often does CEMIG pay dividends? What is the dividend yield for CEMIG?: CEMIG announced a dividend on Friday, March 22nd. Stockholders of record on Monday, April 1st will be given a dividend of $0.0352 per share on Wednesday, March 27th. The ex-dividend date of this dividend is Thursday, March 28th.
Read our dividend analysis for CIG.

Is CEMIG a good dividend stock?: CEMIG (NYSE:CIG) pays an annual dividend of $0.19 per share and currently has a dividend yield of 7.79%. CIG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIG will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIG.
What ETFs hold CEMIG's stock?: ETFs with the largest weight of CEMIG (NYSE:CIG) stock in their portfolio include iShares Emerging Markets Infrastructure ETF (EMIF), Virtus Real Asset Income ETF (VRAI), Invesco Zacks Multi-Asset Income ETF (CVY) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW).VanEck Low Carbon Energy ETF (SMOG).
What is Djalma Bastos de Morais' approval rating as CEMIG's CEO?: 2 employees have rated CEMIG Chief Executive Officer Djalma Bastos de Morais on Glassdoor.com. Djalma Bastos de Morais has an approval rating of 100% among the company's employees. This puts Djalma Bastos de Morais in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of CEMIG own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CEMIG investors own include Enterprise Products Partners (EPD), Vale (VALE), Petróleo Brasileiro S.A. - Petrobras (PBR), CBL & Associates Properties (CBL), General Electric (GE), Ford Motor (F), Pfizer (PFE), Rigel Pharmaceuticals (RIGL), Energy Transfer (ET) and New Residential Investment (NRZ).
How do I buy shares of CEMIG?: Shares of CIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CIG) was last updated on 4/16/2024 by MarketBeat.com Staff

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