-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
Industry Electric services
Sub-IndustryN/A
SectorUtilities
Phone55-31-3506-3711
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$6.80 billion
Profitability
Miscellaneous
EmployeesN/A
OptionableOptionable
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 declared an annual dividend on Friday, April 6th. Investors of record on Thursday, May 3rd will be given a dividend of $0.13 per share on Thursday, May 3rd. This represents a dividend yield of 5.35%. The ex-dividend date is Wednesday, May 2nd. View CEMIG's Dividend History.
When is CEMIG's next earnings date?
What is the consensus analysts' recommendation for CEMIG?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CEMIG in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for CEMIG.
Has CEMIG been receiving favorable news coverage?
News coverage about CIG stock has trended somewhat positive this week, according to InfoTrie. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. CEMIG earned a news impact score of 0.9 on InfoTrie's scale. They also gave news stories about the utilities provider a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Are investors shorting CEMIG?
CEMIG saw a increase in short interest in January. As of January 31st, there was short interest totalling 7,873,948 shares, an increase of 46.6% from the January 15th total of 5,369,954 shares. Based on an average daily volume of 3,671,815 shares, the short-interest ratio is presently 2.1 days. View CEMIG's Current Options Chain.
Who are some of CEMIG's key competitors?
Some companies that are related to CEMIG include Tenaga Nasional Bhd (TNABY), Entergy (ETR), SSE PLC/S (SSEZY), Avangrid (AGR), CenterPoint Energy (CNP), Fortis (FTS), Vistra Energy (VST), CENTRAIS ELETRI/S (EBR), EDP-Energias de Portugal, S.A (EDPFY), NRG Energy (NRG), RED ELECTRICA C/ADR (RDEIY), Enel Americas (ENIA), CENTRICA PLC/S (CPYYY), Pinnacle West Capital (PNW) and CHINA RESOURES/ADR (CRPJY).
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 $3.78.
How big of a company is CEMIG?
CEMIG has a market capitalization of $4.76 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.
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.
