NYSE:CIG

CEMIG Stock Forecast, Price & News

$2.58
-0.11 (-4.09 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$2.56
$2.67
50-Day Range
$2.12
$2.71
52-Week Range
$1.77
$2.98
Volume3.77 million shs
Average Volume4.52 million shs
Market Capitalization$4.87 billion
P/E RatioN/A
Dividend Yield5.06%
Beta0.48
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CEMIG logo

About CEMIG

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.

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MarketRank

Overall MarketRank

1.45 out of 5 stars

Utilities Sector

84th out of 279 stocks

Electric Services Industry

35th out of 79 stocks

Analyst Opinion: 3.5Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -
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CEMIG (NYSE:CIG) Frequently Asked Questions

Is CEMIG a buy right now?

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

What stocks does MarketBeat like better than CEMIG?

Wall Street analysts have given CEMIG a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but CEMIG wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting CEMIG?

CEMIG saw a drop in short interest in May. As of May 28th, there was short interest totaling 2,970,000 shares, a drop of 28.9% from the May 13th total of 4,180,000 shares. Based on an average daily volume of 12,610,000 shares, the days-to-cover ratio is currently 0.2 days.
View CEMIG's Short Interest
.

When is CEMIG's next earnings date?

CEMIG is scheduled to release its next quarterly earnings announcement on Friday, August 13th 2021.
View our earnings forecast for CEMIG
.

How has CEMIG's stock been impacted by Coronavirus (COVID-19)?

CEMIG's stock was trading at $2.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CIG stock has increased by 7.1% and is now trading at $2.58.
View which stocks have been most impacted by COVID-19
.

Is CEMIG a good dividend stock?

CEMIG pays an annual dividend of $0.14 per share and currently has a dividend yield of 5.06%. CIG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View CEMIG's dividend history.

What price target have analysts set for CIG?

2 Wall Street analysts have issued 1-year price targets for CEMIG's shares. Their forecasts range from $17.00 to $17.00. On average, they anticipate CEMIG's stock price to reach $17.00 in the next year. This suggests a possible upside of 558.9% from the stock's current price.
View analysts' price targets for CEMIG
or view top-rated stocks among Wall Street analysts.

Who are CEMIG's key executives?

CEMIG's management team includes the following people:
  • Mr. Bernardo Afonso Salomão de Alvarenga, CEO, Pres of Exec. Board & Director (Age 67)
  • Mr. Maurício Fernandes Leonardo Jr., Júnior, Chief Officer for Fin. & Investor Relations and Member of Exec. Board
  • Mr. Franklin Moreira Gonçalves, Chief Generation & Transmission Officer and Member of Exec. Board (Age 48)
  • 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

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

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

Who are some of CEMIG's key competitors?

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 number of retail and institutional investors. Top institutional shareholders include BNP PARIBAS ASSET MANAGEMENT Holding S.A. (0.05%) and US Bancorp DE (0.00%).

Which major investors are selling CEMIG stock?

CIG stock was sold by a variety of institutional investors in the last quarter, including US Bancorp DE, and BNP PARIBAS ASSET MANAGEMENT Holding S.A..

How do I buy shares of CEMIG?

Shares of CIG 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 $2.58.

How much money does CEMIG make?

CEMIG has a market capitalization of $4.87 billion and generates $4.89 billion in revenue each year.

How many employees does CEMIG have?

CEMIG employs 5,254 workers across the globe.

When was CEMIG founded?

CEMIG was founded in 1952.

What is CEMIG's official website?

The official website for CEMIG is www.cemig.com.br.

Where are CEMIG's headquarters?

CEMIG is headquartered at AVENIDA BARBACENA 1200, BELO HORIZONTE D5, 10019.

How can I contact CEMIG?

CEMIG's mailing address is AVENIDA BARBACENA 1200, BELO HORIZONTE D5, 10019. The utilities provider can be reached via phone at 55-31-3506-5024 or via email at [email protected]


This page was last updated on 6/13/2021 by MarketBeat.com Staff
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