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S&P 500   3,819.72
DOW   31,270.09
QQQ   309.16
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S&P 500   3,819.72
DOW   31,270.09
QQQ   309.16
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S&P 500   3,819.72
DOW   31,270.09
QQQ   309.16
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NYSE:CIG

CEMIG Stock Forecast, Price & News

$2.05
-0.02 (-0.97 %)
(As of 03/3/2021 12:00 AM ET)
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Today's Range
$1.95
Now: $2.05
$2.10
50-Day Range
$2.04
MA: $2.52
$2.93
52-Week Range
$1.23
Now: $2.05
$3.12
Volume12.68 million shs
Average Volume6.71 million shs
Market Capitalization$3.11 billion
P/E RatioN/A
Dividend Yield0.48%
Beta0.67
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 logo

Headlines

Is CIG A Good Stock To Buy Now?
December 9, 2020 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
Phone55-31-3506-5024
Employees5,596
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.32 billion
Cash Flow$0.34 per share
Book Value$2.65 per share

Profitability

Net Income$792.38 million

Miscellaneous

Outstanding Shares1,518,710,000
Market Cap$3.11 billion
Next Earnings Date5/25/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

0.55 out of 5 stars

Utilities Sector

197th out of 276 stocks

Electric Services Industry

64th out of 78 stocks

Analyst Opinion: 0.0Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -
$2.05
-0.02 (-0.97 %)
(As of 03/3/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 year. There are currently 1 hold rating and 1 buy rating 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but CEMIG wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting CEMIG?

CEMIG saw a decline in short interest in the month of February. As of February 12th, there was short interest totaling 8,880,000 shares, a decline of 23.6% from the January 28th total of 11,630,000 shares. Based on an average trading volume of 6,280,000 shares, the short-interest ratio is currently 1.4 days.
View CEMIG's Short Interest
.

When is CEMIG's next earnings date?

CEMIG is scheduled to release its next quarterly earnings announcement on Tuesday, May 25th 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 shares have decreased by 14.9% and is now trading at $2.05.
View which stocks have been most impacted by COVID-19
.

Is CEMIG a good dividend stock?

CEMIG pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.48%.
View CEMIG's dividend history.

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 investors include US Bancorp DE (0.01%).

Which institutional investors are buying CEMIG stock?

CIG stock was bought by a variety of institutional investors in the last quarter, including US Bancorp DE.

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 $2.05.

How much money does CEMIG make?

CEMIG has a market capitalization of $3.11 billion and generates $6.32 billion in revenue each year.

How many employees does CEMIG have?

CEMIG employs 5,596 workers across the globe.

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 3/4/2021 by MarketBeat.com Staff

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