CEMIG (CIG) Stock Price, News & Analysis $2.19 -0.02 (-0.90%) (As of 12/8/2023 ET) Add Compare Share Share Today's Range$2.17▼$2.2350-Day Range$2.12▼$2.7352-Week Range$1.89▼$2.75Volume3.67 million shsAverage Volume4.29 million shsMarket Capitalization$4.82 billionP/E Ratio4.76Dividend Yield8.22%Price Target$2.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media CEMIG MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside25.6% Upside$2.75 Price TargetShort InterestHealthy0.07% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-15.56%From $0.45 to $0.38 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.06 out of 5 starsUtilities Sector61st out of 85 stocksElectric Services Industry26th out of 39 stocks 3.3 Analyst's Opinion Consensus RatingCEMIG has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.75, CEMIG has a forecasted upside of 25.6% from its current price of $2.19.Amount of Analyst CoverageCEMIG has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.07% of the outstanding shares of CEMIG have been sold short.Short Interest Ratio / Days to CoverCEMIG has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in CEMIG has recently increased by 28.46%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCEMIG is a leading dividend payer. It pays a dividend yield of 8.43%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCEMIG does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of CEMIG is 39.13%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, CEMIG will have a dividend payout ratio of 47.37% next year. This indicates that CEMIG will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CIG. Previous Next 0.0 News and Social Media Coverage Search InterestOnly 1 people have searched for CIG on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added CEMIG to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, CEMIG insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 1.94% of the stock of CEMIG is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for CEMIG are expected to decrease by -15.56% in the coming year, from $0.45 to $0.38 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of CEMIG is 4.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.54.Price to Earnings Ratio vs. SectorThe P/E ratio of CEMIG is 4.76, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 102.21.Price to Book Value per Share RatioCEMIG has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About CEMIG Stock (NYSE:CIG)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.Read More CIG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CIG Stock News HeadlinesNovember 28, 2023 | finance.yahoo.comHere is Why Growth Investors Should Buy Cemig (CIG) NowNovember 27, 2023 | msn.comCia Energetica DE Minas Gerais - Cemig - ADR - Level II (CIG.C) Price Target Increased by 19.01% to 4.18December 10, 2023 | Autonomix (Ad)How to Invest Early In the Next Potential Breakthrough Nerve-Sensing TechnologyAutonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comNovember 26, 2023 | realmoney.thestreet.comCemig downgraded to Neutral from Buy at BofANovember 24, 2023 | markets.businessinsider.comB of A Securities Downgrades Cia Energetica DE Minas: Here's What You Need To KnowNovember 23, 2023 | seekingalpha.comCIG Companhia Energética de Minas Gerais - CEMIGNovember 22, 2023 | msn.comELLO and CIG are among utility moversNovember 16, 2023 | bbc.co.ukMan filmed throwing lit cigarette at car in GraysDecember 10, 2023 | Autonomix (Ad)How to Invest Early In the Next Potential Breakthrough Nerve-Sensing TechnologyAutonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comNovember 14, 2023 | finance.yahoo.comCompanhia Energética de Minas Gerais (NYSE:CIG) Q3 2023 Earnings Call TranscriptNovember 10, 2023 | seekingalpha.comCompanhia Energética de Minas Gerais - CEMIG 2023 Q3 - Results - Earnings Call PresentationOctober 16, 2023 | finance.yahoo.comShould Value Investors Buy Comp En De Mn Cemig (CIG) Stock?October 9, 2023 | seekingalpha.comCemig: A DCF Evaluation With Limited Upside Pre-PrivatizationSeptember 29, 2023 | finance.yahoo.comUnveiling Cia Energetica DE Minas Gerais - Cemig's Dividend Prowess: A Comprehensive AnalysisSeptember 29, 2023 | finance.yahoo.com3 Must-Buy Stocks Under $10 With High Dividend YieldSeptember 22, 2023 | finance.yahoo.comAre Investors Undervaluing Comp En De Mn Cemig (CIG) Right Now?September 22, 2023 | finance.yahoo.comLooking for a Growth Stock? 3 Reasons Why Cemig (CIG) is a Solid ChoiceSeptember 20, 2023 | msn.comCemig raised to Buy at BofA on attractive upside, low expectationsSeptember 13, 2023 | sfgate.comCemig: Q2 Earnings SnapshotAugust 28, 2023 | dailymail.co.ukNow scientists say young people under 22 should be banned from buying cigarettes after study finds smokers who pick up habit before age of 20 find it harder to quitAugust 19, 2023 | mirror.co.ukDame Joanna Lumley jokes smoking up to 40 cigarettes has helped her stay fit at 77August 8, 2023 | finance.yahoo.comCompanhia Energética de Minas Gerais (NYSE:CIG) Q2 2023 Earnings Call TranscriptAugust 4, 2023 | seekingalpha.comCompanhia Energética de Minas Gerais 2023 Q2 - Results - Earnings Call PresentationJuly 27, 2023 | health.usnews.comAre You Smoking and Vaping – and Not Quitting Either?July 14, 2023 | seekingalpha.comCemig: Great Business But Uncertain FutureJuly 13, 2023 | seekingalpha.comCemig: Neutral Outlook Amidst Privatization UncertaintiesJune 14, 2023 | forbes.com10 Expert-Backed Tips To Quit Smoking CigarettesSee More Headlines Receive CIG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for CEMIG and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings9/12/2023Today12/10/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryN/A SectorUtilities Current SymbolNYSE:CIG CUSIPN/A CIK1157557 Webwww.cemig.com.br Phone55-31-3506-5024FaxN/AEmployees4,969Year Founded1952Price Target and Rating Average Stock Price Target$2.75 High Stock Price Target$2.90 Low Stock Price Target$2.60 Potential Upside/Downside+25.6%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.46 Trailing P/E Ratio4.76 Forward P/E Ratio4.87 P/E GrowthN/ANet Income$792.62 million Net Margins14.35% Pretax MarginN/A Return on Equity23.29% Return on Assets9.60% Debt Debt-to-Equity Ratio0.46 Current Ratio1.30 Quick Ratio1.34 Sales & Book Value Annual Sales$35.87 billion Price / Sales0.13 Cash Flow$0.46 per share Price / Cash Flow4.76 Book Value$1.92 per share Price / Book1.14Miscellaneous Outstanding Shares2,201,370,000Free FloatN/AMarket Cap$4.82 billion OptionableOptionable Beta1.07 Social Links A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Bernardo Afonso Salomão de Alvarenga (Age 67)CEO, Pres of Exec. Board & Director Mr. Maurício Fernandes Leonardo Jr.Júnior, Chief Officer for Fin. & Investor Relations and Member of Exec. BoardMr. Franklin Moreira Gonçalves (Age 48)Chief Generation & Transmission Officer and Member of Exec. Board Mr. Daniel Faria CostaChief Trading Officer & Member of Exec. BoardMr. José de Araújo Lins NetoChief Corp. Management Officer & Member of Exec. BoardKey CompetitorsIDACORPNYSE:IDAEnel ChileNYSE:ENICCompanhia Paranaense de Energia - COPELNYSE:ELPAlgonquin Power & UtilitiesNYSE:AQNPortland General ElectricNYSE:PORView All CompetitorsInstitutional OwnershipLazard Asset Management LLCSold 66,720 shares on 11/14/2023Ownership: 0.002%View All Institutional Transactions CIG Stock Analysis - Frequently Asked Questions Should I buy or sell CEMIG stock right now? 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. What is CEMIG's stock price target for 2024? 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. View analysts price targets for CIG or view top-rated stocks among Wall Street analysts. How have CIG shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting CEMIG? 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. How were CEMIG's earnings last quarter? 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%. Is CEMIG a good dividend stock? 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. What ETFs hold CEMIG's stock? 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). What is Djalma Bastos de Morais' approval rating as CEMIG's CEO? 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. What other stocks do shareholders of CEMIG own? 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). Who are CEMIG's major shareholders? CEMIG's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Lazard Asset Management LLC (0.00%). How do I buy shares of CEMIG? 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. Compare Top Brokerages Here. 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