Companhia Energetica de Minas Gers CEMIG Stock Price, News & Analysis (NYSE:CIG)

$2.04 -0.01 (-0.49 %)
(As of 12/11/2017 10:13 AM ET)
Previous Close$2.05
Today's Range$2.01 - $2.07
52-Week Range$1.95 - $3.84
Volume2.00 million shs
Average Volume4.49 million shs
Market Capitalization$2.57 billion
P/E RatioN/A
Dividend Yield6.26%
Beta1.96

About Companhia Energetica de Minas Gers CEMIG (NYSE:CIG)

Companhia Energetica de Minas Gers CEMIG logoCompanhia Energetica de Minas Gerais-CEMIG is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company's segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation. Its electric power transmission business consists of transporting power from the facilities where it is generated to points of consumption, distribution networks and Free Consumers. Its distribution operation consists of transfers of electricity from distribution substations to final consumers. It is also engaged in businesses, such as telecommunications, energy solutions consulting, and acquisition, transport and distribution of gas and its subproducts and derivatives.

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Industry, Sector and Symbol

Industry Renewable Utilities
Sub-IndustryN/A
SectorUtilities
SymbolNYSE:CIG
CUSIPN/A
Phone55-31-3506-3711

Debt

Debt-to-Equity Ratio0.67%
Current Ratio0.64%
Quick Ratio0.63%

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$5.77 billion
Price / Sales0.44
Cash Flow$0.27 per share
Price / Cash7.51
Book Value$2.95 per share
Price / Book0.69

Profitability

Trailing EPSN/A
Net Income$95.75 million
Net Margins0.46%
Return on Equity0.70%
Return on Assets0.22%

Miscellaneous

Employees7,119
Outstanding Shares1,258,840,000

Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) Frequently Asked Questions

What is Companhia Energetica de Minas Gers CEMIG's stock symbol?

Companhia Energetica de Minas Gers CEMIG trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIG."

How often does Companhia Energetica de Minas Gers CEMIG pay dividends? What is the dividend yield for Companhia Energetica de Minas Gers CEMIG?

Companhia Energetica de Minas Gers CEMIG declared a ... dividend on Monday, December 4th. Shareholders of record on Monday, December 11th will be given a dividend of $0.0142 per share on Wednesday, December 13th. The ex-dividend date is Friday, December 8th. View Companhia Energetica de Minas Gers CEMIG's Dividend History.

When will Companhia Energetica de Minas Gers CEMIG make its next earnings announcement?

Companhia Energetica de Minas Gers CEMIG is scheduled to release their next quarterly earnings announcement on Friday, December, 29th 2017. View Earnings Estimates for Companhia Energetica de Minas Gers CEMIG.

Where is Companhia Energetica de Minas Gers CEMIG's stock going? Where will Companhia Energetica de Minas Gers CEMIG's stock price be in 2017?

3 brokerages have issued 1-year price targets for Companhia Energetica de Minas Gers CEMIG's shares. Their predictions range from $2.80 to $2.80. On average, they expect Companhia Energetica de Minas Gers CEMIG's share price to reach $2.80 in the next year. View Analyst Ratings for Companhia Energetica de Minas Gers CEMIG.

Are investors shorting Companhia Energetica de Minas Gers CEMIG?

Companhia Energetica de Minas Gers CEMIG saw a drop in short interest in the month of November. As of November 15th, there was short interest totalling 3,877,155 shares, a drop of 45.0% from the October 31st total of 7,043,470 shares. Based on an average daily volume of 4,208,528 shares, the short-interest ratio is currently 0.9 days.

Who are some of Companhia Energetica de Minas Gers CEMIG's key competitors?

Who are Companhia Energetica de Minas Gers CEMIG's key executives?

Companhia Energetica de Minas Gers CEMIG's management team includes the folowing people:

  • Jose Afonso Bicalho Beltrao da Silva, Chairman of the Board (Age 68)
  • Bernardo Afonso Salomao de Alvarenga, Chief Executive Officer, Deputy Chief Executive Officer (Age 65)
  • Adezio De Almeida Lima, Chief Financial and Investor Relations Officer (Age 61)
  • Maura Galuppo Botelho Martins, Chief Officer for Human Relations and Resources (Age 56)
  • Cesar Vaz de Melo Fernandes, Chief Business Development Officer, Member of the Executive Board (Age 59)
  • Raul Lycurgo Leite, Chief Legal Officer (Age 43)
  • Dimas Costa, Chief Trading Officer
  • Jose De Araujo Lins, Corporate Management Officer
  • Franklin Moreira Goncalves, Chief Energy Generation and Transmission Officer, Member of the Executive Board (Age 46)
  • Luis Fernando Paroli Santos, Chief Institutional Relations and Communication Officer, Chief Energy Distribution and Commercialization Officer (Age 45)

Who owns Companhia Energetica de Minas Gers CEMIG stock?

Companhia Energetica de Minas Gers CEMIG's stock is owned by many different of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (0.37%), Dimensional Fund Advisors LP (0.10%), Daiwa Securities Group Inc. (0.03%), SG Americas Securities LLC (0.02%), Aperio Group LLC (0.02%) and Deltec Asset Management LLC (0.02%). View Institutional Ownership Trends for Companhia Energetica de Minas Gers CEMIG.

Who sold Companhia Energetica de Minas Gers CEMIG stock? Who is selling Companhia Energetica de Minas Gers CEMIG stock?

Companhia Energetica de Minas Gers CEMIG's stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., State of Wisconsin Investment Board, SG Americas Securities LLC, Cubist Systematic Strategies LLC, Deltec Asset Management LLC, Dimensional Fund Advisors LP and Aperio Group LLC. View Insider Buying and Selling for Companhia Energetica de Minas Gers CEMIG.

Who bought Companhia Energetica de Minas Gers CEMIG stock? Who is buying Companhia Energetica de Minas Gers CEMIG stock?

Companhia Energetica de Minas Gers CEMIG's stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Pinebridge Investments L.P., Forward Management LLC, Virtu Financial LLC, Crossmark Global Holdings Inc., Dynamic Technology Lab Private Ltd, First Trust Advisors LP and Eqis Capital Management Inc.. View Insider Buying and Selling for Companhia Energetica de Minas Gers CEMIG.

How do I buy Companhia Energetica de Minas Gers CEMIG stock?

Shares of Companhia Energetica de Minas Gers CEMIG 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 Companhia Energetica de Minas Gers CEMIG's stock price today?

One share of Companhia Energetica de Minas Gers CEMIG stock can currently be purchased for approximately $2.04.

How big of a company is Companhia Energetica de Minas Gers CEMIG?

Companhia Energetica de Minas Gers CEMIG has a market capitalization of $2.57 billion and generates $5.77 billion in revenue each year. Companhia Energetica de Minas Gers CEMIG employs 7,119 workers across the globe.

How can I contact Companhia Energetica de Minas Gers CEMIG?

Companhia Energetica de Minas Gers 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 Companhia Energetica de Minas Gers CEMIG (CIG)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  92 (Vote Outperform)
Underperform Votes:  152 (Vote Underperform)
Total Votes:  244
MarketBeat's community ratings are surveys of what our community members think about Companhia Energetica de Minas Gers CEMIG and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) Analysts' Consensus Rating

  (How are Consensus Ratings Calculated?)
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyHoldHoldHold
Consensus Rating Score: 2.672.332.331.50
Ratings Breakdown: 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
2 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
2 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $2.80$2.80$2.80N/A
Price Target Upside: 29.63% upside3.70% upside3.70% upsideN/A

Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) Consensus Price Target History

Price Target History for Companhia Energetica de Minas Gers CEMIG (NYSE:CIG)

Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/27/2017J P Morgan Chase & CoUpgradeNeutral -> OverweightLowView Rating Details
7/14/2017Goldman Sachs GroupUpgradeSell -> Neutral$2.10 -> $2.80MediumView Rating Details
6/22/2017Morgan StanleyUpgradeUnderweight -> OverweightHighView Rating Details
(Data available from 12/11/2015 forward)

Earnings

Earnings History for Companhia Energetica de Minas Gers CEMIG (NYSE:CIG)


No earnings announcements for this company have been tracked by MarketBeat.com

Estimates

Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) Earnings Estimates

Current Year EPS Consensus Estimate: $0.24 EPS

Dividends

Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) Dividend Information

Next Dividend:12/13/2017
Annual Dividend:$0.13
Dividend Yield:6.37%
Dividend Growth:-54.00% (3 Year Average)
Payout Ratio:54.17% (Based on This Year's Estimates)
Dividend Payments by Quarter for Companhia Energetica de Minas Gers CEMIG (NYSE:CIG)

Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/4/2017...$0.0112/8/201712/11/201712/13/2017
11/10/2014special$0.3411/13/201411/17/201412/26/2014
11/7/2014$0.3511/10/201411/7/201412/19/2014
12/9/2013special$0.2312/12/201312/16/201312/27/2013
7/23/2013semiannual$0.133.96%5/2/20135/6/20137/25/2013
7/3/2013semiannual$0.3216.45%5/2/20135/6/20137/5/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Companhia Energetica de Minas Gers CEMIG (NYSE CIG)

No insider trades for this company have been tracked by MarketBeat.com

Headlines

Companhia Energetica de Minas Gers CEMIG (NYSE CIG) News Headlines

Source:
DateHeadline
Companhia Energética de Minas Gerais SA :CIG-US: Earnings Analysis: Q3, 2017 By the Numbers : December 5, 2017Companhia Energética de Minas Gerais SA :CIG-US: Earnings Analysis: Q3, 2017 By the Numbers : December 5, 2017
finance.yahoo.com - December 5 at 10:08 AM
Comp En De Mn Cemig ADS (CIG) Announces $0.01 ... DividendComp En De Mn Cemig ADS (CIG) Announces $0.01 ... Dividend
www.americanbankingnews.com - December 4 at 10:40 PM
ETFs with exposure to Companhia Energética de Minas Gerais SA : November 30, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : November 30, 2017
finance.yahoo.com - November 30 at 5:18 PM
Comp En De Mn Cemig ADS (CIG) Short Interest UpdateComp En De Mn Cemig ADS (CIG) Short Interest Update
www.americanbankingnews.com - November 29 at 2:38 AM
Comp En De Mn Cemig ADS (CIG) Rating Increased to Overweight at J P Morgan Chase & CoComp En De Mn Cemig ADS (CIG) Rating Increased to Overweight at J P Morgan Chase & Co
www.americanbankingnews.com - November 27 at 5:28 PM
Companhia Energetica (CIG) Incurs Loss in Q3 on High CostsCompanhia Energetica (CIG) Incurs Loss in Q3 on High Costs
finance.yahoo.com - November 17 at 2:26 PM
How These Electric Utilities Stocks are Performing? -- Atlantica Yield, Companhia Energetica de Minas Gerais ... - PR Newswire (press release)How These Electric Utilities Stocks are Performing? -- Atlantica Yield, Companhia Energetica de Minas Gerais ... - PR Newswire (press release)
www.prnewswire.com - November 9 at 8:05 PM
ETFs with exposure to Companhia Energética de Minas Gerais SA : November 8, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : November 8, 2017
finance.yahoo.com - November 8 at 9:08 PM
ETFs with exposure to Companhia Energética de Minas Gerais SA : October 26, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : October 26, 2017
finance.yahoo.com - October 26 at 5:30 PM
Comp En De Mn Cemig ADS (CIG) Given Consensus Rating of "Hold" by AnalystsComp En De Mn Cemig ADS (CIG) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - October 26 at 3:32 AM
Brazils Cemig fires business development director, sources sayBrazil's Cemig fires business development director, sources say
finance.yahoo.com - October 20 at 5:26 PM
ETFs with exposure to Companhia Energética de Minas Gerais SA : October 3, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : October 3, 2017
finance.yahoo.com - October 3 at 5:02 PM
EMERGING MARKETS-LatAm currencies weaken on Yellen comments, Trump tax planEMERGING MARKETS-LatAm currencies weaken on Yellen comments, Trump tax plan
finance.yahoo.com - October 2 at 4:55 PM
Cemig to exit Brazils Renova as Brookfield hints at higher bid: sourcesCemig to exit Brazil's Renova as Brookfield hints at higher bid: sources
finance.yahoo.com - October 2 at 4:55 PM
Exclusive: Brazils Minas state to oust Cemig CEO Alvarenga, sources sayExclusive: Brazil's Minas state to oust Cemig CEO Alvarenga, sources say
finance.yahoo.com - October 2 at 4:55 PM
Comp En De Mn Cemig ADS (CIG) Given Average Rating of "Hold" by BrokeragesComp En De Mn Cemig ADS (CIG) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - October 1 at 2:50 AM
ETFs with exposure to Companhia Energética de Minas Gerais SA : September 22, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : September 22, 2017
finance.yahoo.com - September 22 at 4:12 PM
Companhia Energética de Minas Gerais SA :CIG-US: Earnings Analysis: Q2, 2017 By the Numbers : September 21, 2017Companhia Energética de Minas Gerais SA :CIG-US: Earnings Analysis: Q2, 2017 By the Numbers : September 21, 2017
finance.yahoo.com - September 21 at 5:03 PM
Brazils Vale to meet debt target before implementing new growth plans -execBrazil's Vale to meet debt target before implementing new growth plans -exec
finance.yahoo.com - September 18 at 8:26 PM
EMERGING MARKETS-Brazil currency falls as Temer faces fresh graft probeEMERGING MARKETS-Brazil currency falls as Temer faces fresh graft probe
finance.yahoo.com - September 12 at 10:54 PM
EMERGING MARKETS-Brazil currency weaker as Temer falls under police suspicionEMERGING MARKETS-Brazil currency weaker as Temer falls under police suspicion
finance.yahoo.com - September 12 at 5:51 PM
Head to Head Contrast: TerraForm Power (TERP) vs. Comp En De Mn Cemig ADS (CIG)Head to Head Contrast: TerraForm Power (TERP) vs. Comp En De Mn Cemig ADS (CIG)
www.americanbankingnews.com - September 11 at 2:18 PM
Brazils Andrade Gutierrez walks out of Cemig shareholder accordBrazil's Andrade Gutierrez walks out of Cemig shareholder accord
finance.yahoo.com - September 7 at 10:21 PM
EMERGING MARKETS-Chile peso touches 2-year high vs dollar as copper soarsEMERGING MARKETS-Chile peso touches 2-year high vs dollar as copper soars
finance.yahoo.com - August 29 at 5:34 PM
Chinas SPIC to participate in Brazil dam auctions -sourceChina's SPIC to participate in Brazil dam auctions -source
finance.yahoo.com - August 28 at 5:05 PM
Comparing TerraForm Power (TERP) and Comp En De Mn Cemig ADS (CIG)Comparing TerraForm Power (TERP) and Comp En De Mn Cemig ADS (CIG)
www.americanbankingnews.com - August 20 at 12:18 AM
Reviewing TransAlta Corporation (TAC) and Comp En De Mn Cemig ADS (CIG)Reviewing TransAlta Corporation (TAC) and Comp En De Mn Cemig ADS (CIG)
www.americanbankingnews.com - August 17 at 12:20 PM
Brazils Cemig profit misses estimates as financial income slumpsBrazil's Cemig profit misses estimates as financial income slumps
finance.yahoo.com - August 16 at 10:41 PM
Companhia Energética de Minas Gerais SA : CIG-US: Dividend Analysis : May 17th, 2017 (record date) : By the numbers : August 16, 2017Companhia Energética de Minas Gerais SA : CIG-US: Dividend Analysis : May 17th, 2017 (record date) : By the numbers : August 16, 2017
finance.yahoo.com - August 16 at 5:40 PM
Brazils Cemig profit misses estimates as financial income slumpsBrazil's Cemig profit misses estimates as financial income slumps
finance.yahoo.com - August 14 at 5:37 PM
Comp En De Mn Cemig ADS (NYSE:CIG) Receives Average Rating of "Hold" from BrokeragesComp En De Mn Cemig ADS (NYSE:CIG) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - August 12 at 2:32 AM
Chinas Ciri says Chinese groups vying for Cemig energy assetsChina's Ciri says Chinese groups vying for Cemig energy assets
finance.yahoo.com - July 19 at 6:23 PM
Chinese may bid for Brazil clean energy assets -letterChinese may bid for Brazil clean energy assets -letter
finance.yahoo.com - July 19 at 6:23 PM
Comp En De Mn Cemig ADS (CIG) Receives Consensus Recommendation of "Hold" from BrokeragesComp En De Mn Cemig ADS (CIG) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - July 18 at 2:43 PM
Comp En De Mn Cemig ADS (NYSE:CIG) Rating Increased to Neutral at Goldman Sachs Group, Inc. (The)Comp En De Mn Cemig ADS (NYSE:CIG) Rating Increased to Neutral at Goldman Sachs Group, Inc. (The)
www.americanbankingnews.com - July 16 at 12:02 AM
EMERGING MARKETS-Mexico peso extends gains on trade talk hopesEMERGING MARKETS-Mexico peso extends gains on trade talk hopes
finance.yahoo.com - July 10 at 5:13 PM
Brazils Cemig vows to use asset sales to repay debtBrazil's Cemig vows to use asset sales to repay debt
finance.yahoo.com - July 10 at 5:13 PM
Cigna to Wave Goodbye to Connecticuts Individual Healthcare Market in 2018Cigna to Wave Goodbye to Connecticut's Individual Healthcare Market in 2018
finance.yahoo.com - July 6 at 6:26 PM
Azure Power Global (AZRE) versus Comp En De Mn Cemig ADS (CIG) Financial SurveyAzure Power Global (AZRE) versus Comp En De Mn Cemig ADS (CIG) Financial Survey
www.americanbankingnews.com - July 4 at 8:28 AM
ETFs with exposure to Companhia Energética de Minas Gerais SA : July 3, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : July 3, 2017
finance.yahoo.com - July 3 at 5:11 PM
Mid-Afternoon Market Update: Valeant Jumps On iNova Pharma Sale; MidSouth Bancorp Shares Drop - NasdaqMid-Afternoon Market Update: Valeant Jumps On iNova Pharma Sale; MidSouth Bancorp Shares Drop - Nasdaq
www.nasdaq.com - June 8 at 5:17 PM
Mid-Day Market Update: Container Store Climbs On Earnings Beat; Ooma Shares Plummet - NasdaqMid-Day Market Update: Container Store Climbs On Earnings Beat; Ooma Shares Plummet - Nasdaq
www.nasdaq.com - May 24 at 4:10 PM
Mid-Afternoon Market Update: Aegean Marine Petroleum Drops On Downbeat Earnings; Inovio Shares Surge - BenzingaMid-Afternoon Market Update: Aegean Marine Petroleum Drops On Downbeat Earnings; Inovio Shares Surge - Benzinga
www.benzinga.com - May 24 at 4:10 PM
Mid-Morning Market Update: Markets Open Higher; McDonalds Earnings Beat Estimates - BenzingaMid-Morning Market Update: Markets Open Higher; McDonald's Earnings Beat Estimates - Benzinga
www.benzinga.com - April 26 at 9:19 PM
Mid-Morning Market Update: Markets Open Higher; McDonalds Earnings Beat EstimatesMid-Morning Market Update: Markets Open Higher; McDonald's Earnings Beat Estimates
www.nasdaq.com - April 25 at 12:13 PM
Earnings Scheduled For March 31, 2017 - BenzingaEarnings Scheduled For March 31, 2017 - Benzinga
www.benzinga.com - March 31 at 9:29 PM
Mid-Afternoon Market Update: Dow Drops 50 Points; TRC Companies Shares Spike Higher - BenzingaMid-Afternoon Market Update: Dow Drops 50 Points; TRC Companies Shares Spike Higher - Benzinga
www.benzinga.com - March 31 at 9:29 PM
Mid-Morning Market Update: Markets Mostly Lower; Paychex Profit Tops ViewsMid-Morning Market Update: Markets Mostly Lower; Paychex Profit Tops Views
www.nasdaq.com - March 29 at 12:18 PM
How to Trade Wednesdays Most Active Stocks -- Frontier, Nike, Sears and MoreHow to Trade Wednesday's Most Active Stocks -- Frontier, Nike, Sears and More
us.rd.yahoo.com - March 22 at 3:50 PM
Mid-Afternoon Market Update: CytomX Therapeutics Climbs Following Bristol-Myers Squibb Partnership; Medgenics ... - BenzingaMid-Afternoon Market Update: CytomX Therapeutics Climbs Following Bristol-Myers Squibb Partnership; Medgenics ... - Benzinga
www.benzinga.com - March 21 at 7:55 AM

SEC Filings

Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) SEC Filings

DateFilerForm TypeView

Social Media

Financials

Companhia Energetica de Minas Gers CEMIG (NYSE:CIG) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Companhia Energetica de Minas Gers CEMIG (NYSE CIG) Stock Chart for Monday, December, 11, 2017

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This page was last updated on 12/11/2017 by MarketBeat.com Staff

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