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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
Most profitable less than $5 stock in the world? (Ad)pixel
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
Most profitable less than $5 stock in the world? (Ad)pixel
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
Most profitable less than $5 stock in the world? (Ad)pixel
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
NYSE:CIG

CEMIG - CIG Stock Forecast, Price & News

$2.48
+0.06 (+2.48%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$2.44
$2.50
50-Day Range
$1.91
$2.48
52-Week Range
$1.61
$2.61
Volume
3.33 million shs
Average Volume
6.77 million shs
Market Capitalization
$5.46 billion
P/E Ratio
6.40
Dividend Yield
3.31%
Price Target
N/A

CEMIG MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.52% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.13mentions of CEMIG in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

Utilities Sector

68th out of 87 stocks

Electric Services Industry

33rd out of 43 stocks

CIG stock logo

About CEMIG (NYSE:CIG) Stock

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%.

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CIG Stock News Headlines

Companhia Energetica de Minas Gerais(CIG)
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CIG Company Calendar

Last Earnings
5/16/2022
Today
8/13/2022
Next Earnings (Estimated)
8/17/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Fax
N/A
Employees
5,025
Year Founded
1952

Profitability

Net Income
$695.06 million
Pretax Margin
18.33%

Debt

Sales & Book Value

Annual Sales
$6.24 billion
Cash Flow
$0.41 per share
Book Value
$1.64 per share

Miscellaneous

Outstanding Shares
2,201,371,000
Free Float
N/A
Market Cap
$5.46 billion
Optionable
Optionable
Beta
0.62

Social Links


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













CIG Stock - Frequently Asked Questions

How have CIG shares performed in 2022?

CEMIG's stock was trading at $2.43 at the beginning of the year. Since then, CIG stock has increased by 2.1% and is now trading at $2.48.
View the best growth stocks for 2022 here
.

Are investors shorting CEMIG?

CEMIG saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 11,550,000 shares, a decline of 10.5% from the July 15th total of 12,910,000 shares. Based on an average daily volume of 5,270,000 shares, the days-to-cover ratio is currently 2.2 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 Wednesday, August 17th 2022.
View our CIG earnings forecast
.

How were CEMIG's earnings last quarter?

CEMIG (NYSE:CIG) posted its quarterly earnings results on Monday, May, 16th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter. The utilities provider earned $1.73 billion during the quarter. CEMIG had a net margin of 13.95% and a trailing twelve-month return on equity of 23.67%.

Is CEMIG a good dividend stock?

CEMIG (NYSE:CIG) pays an annual dividend of $0.08 per share and currently has a dividend yield of 3.31%. The dividend payout ratio is 20.64%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CIG.

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?

What is CEMIG's stock symbol?

CEMIG trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIG."

Who are CEMIG's major shareholders?

CEMIG's stock is owned by a variety of retail and institutional investors. Top institutional investors include US Bancorp DE (0.00%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is CEMIG's stock price today?

One share of CIG stock can currently be purchased for approximately $2.48.

How much money does CEMIG make?

CEMIG (NYSE:CIG) has a market capitalization of $5.46 billion and generates $6.24 billion in revenue each year. The utilities provider earns $695.06 million in net income (profit) each year or $0.3877 on an earnings per share basis.

How many employees does CEMIG have?

The company employs 5,025 workers across the globe.

When was CEMIG founded?

CEMIG was founded in 1952.

How can I contact CEMIG?

CEMIG's mailing address is AVENIDA BARBACENA 1200, BELO HORIZONTE D5, 10019. The official website for the company is www.cemig.com.br. The utilities provider can be reached via phone at 55-31-3506-5024 or via email at ri@cemig.com.

This page (NYSE:CIG) was last updated on 8/13/2022 by MarketBeat.com Staff

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