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.
CEMIG Price Performance
NYSE:CIG traded up $0.06 on Friday, reaching $2.48. 194,742 shares of the company's stock traded hands, compared to its average volume of 3,724,178. CEMIG has a 12 month low of $1.61 and a 12 month high of $2.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a 50-day simple moving average of $2.12 and a 200 day simple moving average of $2.53. The stock has a market cap of $5.46 billion, a PE ratio of 6.42 and a beta of 0.62.
CEMIG (NYSE:CIG - Get Rating) last released its quarterly earnings data on Monday, May 16th. The utilities provider reported $0.08 earnings per share for the quarter. The firm had revenue of $1.73 billion during the quarter. CEMIG had a return on equity of 23.67% and a net margin of 13.95%.