CEMIG (CIG) Stock Price, News & Analysis

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CEMIG in the last year. There are currently 2 hold ratings 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.

4 Wall Street analysts have issued twelve-month price objectives for CEMIG's shares. Their CIG share price targets range from $2.60 to $2.90. On average, they expect the company's share price to reach $2.75 in the next twelve months. This suggests a possible upside of 25.6% from the stock's current price.
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CEMIG's stock was trading at $2.03 at the beginning of 2023. Since then, CIG stock has increased by 7.9% and is now trading at $2.19.
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CEMIG saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,580,000 shares, an increase of 28.5% from the October 31st total of 1,230,000 shares. Based on an average daily volume of 2,930,000 shares, the short-interest ratio is presently 0.5 days.
View CEMIG's Short Interest.

CEMIG (NYSE:CIG) issued its earnings results on Tuesday, September, 12th. The utilities provider reported $0.12 EPS for the quarter. The utilities provider earned $1.78 billion during the quarter. CEMIG had a trailing twelve-month return on equity of 23.29% and a net margin of 14.35%.

CEMIG (NYSE:CIG) pays an annual dividend of $0.18 per share and currently has a dividend yield of 8.43%. CIG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 39.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIG will have a dividend payout ratio of 47.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIG.

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

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.

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).

CEMIG's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Lazard Asset Management LLC (0.00%).

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.
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