-logo.jpg "CEMIG logo")
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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Electric services
Sub-IndustryN/A
SectorUtilities
SymbolNYSE:CIG
CUSIPN/A
Phone55-31-3506-3711
Debt
Debt-to-Equity Ratio0.81
Current Ratio0.89
Quick Ratio0.88
Price-To-Earnings
Trailing P/E Ratio10.65
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$6.80 billion
Price / Sales0.51
Cash Flow$0.4556 per share
Price / Cash6.08
Book Value$3.57 per share
Price / Book0.78
Profitability
EPS (Most Recent Fiscal Year)$0.26
Net Income$313.51 million
Net Margins4.26%
Return on Equity6.47%
Return on Assets2.21%
Miscellaneous
Employees7,119
Outstanding Shares1,260,000,000
Market Cap$3.53 billion
CEMIG (NYSE:CIG) Frequently Asked Questions
What is CEMIG's stock symbol?
CEMIG trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIG."
How often does CEMIG pay dividends? What is the dividend yield for CEMIG?
CEMIG announced an annual dividend on Friday, April 6th. Shareholders of record on Thursday, May 3rd will be paid a dividend of $0.13 per share on Thursday, May 3rd. This represents a yield of 5.35%. The ex-dividend date of this dividend is Wednesday, May 2nd. View CEMIG's Dividend History.
How were CEMIG's earnings last quarter?
CEMIG (NYSE:CIG) released its quarterly earnings data on Tuesday, September, 11th. The utilities provider reported ($0.01) EPS for the quarter. The utilities provider had revenue of $1.54 billion for the quarter. CEMIG had a return on equity of 6.47% and a net margin of 4.26%. View CEMIG's Earnings History.
When is CEMIG's next earnings date?
What is the consensus analysts' recommendation for CEMIG?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CEMIG in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for CEMIG.
Who are some of CEMIG's key competitors?
Some companies that are related to CEMIG include CenterPoint Energy (CNP), Fortis (FTS), EDP-Energias de Portugal, S.A (EDPFY), Vistra Energy (VST), RED ELECTRICA C/ADR (RDEIY), NRG Energy (NRG), CENTRICA PLC/S (CPYYY), Pinnacle West Capital (PNW), Enel Americas (ENIA), Huaneng Power International (HNP), CENTRAIS ELETRI/S (EBR), CHINA RESOURES/ADR (CRPJY), OGE Energy (OGE), CPFL Energia (CPL) and Great Plains Energy (GXP).
Who are CEMIG's key executives?
CEMIG's management team includes the folowing 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
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CEMIG's stock price today?
One share of CIG stock can currently be purchased for approximately $2.82.
How big of a company is CEMIG?
CEMIG has a market capitalization of $3.53 billion and generates $6.80 billion in revenue each year. The utilities provider earns $313.51 million in net income (profit) each year or $0.26 on an earnings per share basis. CEMIG employs 7,119 workers across the globe.
What is CEMIG's official website?
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 55-31-3506-3711 or via email at [email protected]
MarketBeat Community Rating for CEMIG (NYSE CIG)
MarketBeat's community ratings are surveys of what our community members think about CEMIG and other stocks. Vote "Outperform" if you believe CIG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CIG will underperform the S&P 500 over the long term. You may vote once every thirty days.
