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Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE! (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Laser breakthrough could send stock soaring 2,467% (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
AI Stock Caught Trading Under Secret Name (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE! (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Laser breakthrough could send stock soaring 2,467% (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
AI Stock Caught Trading Under Secret Name (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE! (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Laser breakthrough could send stock soaring 2,467% (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
AI Stock Caught Trading Under Secret Name (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
NYSE:CIG

CEMIG (CIG) Stock Price, News & Analysis

$2.37
-0.04 (-1.66%)
(As of 03/4/2024 ET)
Today's Range
$2.36
$2.40
50-Day Range
$2.21
$2.46
52-Week Range
$1.92
$2.75
Volume
2.12 million shs
Average Volume
2.37 million shs
Market Capitalization
N/A
P/E Ratio
5.14
Dividend Yield
8.03%
Price Target
$2.75

CEMIG MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
16.3% Upside
$2.75 Price Target
Short Interest
Bearish
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-15.56%
From $0.45 to $0.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.24 out of 5 stars


CIG stock logo

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.

CIG Stock Price History

CIG Stock News Headlines

CIG Jun 2024 1.500 call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Cia Energetica DE Minas Gerais - Cemig ADR CIG.C
Cia Energetica DE Minas Gerais - Cemig ADR
Cia Energetica DE Minas Gerais - Cemig's Dividend Analysis
3 Reasons Growth Investors Will Love Cemig (CIG)
Here is Why Growth Investors Should Buy Cemig (CIG) Now
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Cemig downgraded to Neutral from Buy at BofA
CIG Companhia Energética de Minas Gerais - CEMIG
ELLO and CIG are among utility movers
3 Must-Buy Stocks Under $10 With High Dividend Yield
Cemig: Q2 Earnings Snapshot
See More Headlines
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Company Calendar

Today
3/04/2024
Next Earnings (Estimated)
5/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
N/A
Fax
N/A
Employees
4,969
Year Founded
1952

Price Target and Rating

Average Stock Price Target
$2.75
High Stock Price Target
$2.90
Low Stock Price Target
$2.60
Potential Upside/Downside
+15.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$792.62 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$6.67 billion
Cash Flow
$0.46 per share
Book Value
$1.92 per share

Miscellaneous

Free Float
N/A
Optionable
Optionable
Beta
1.23

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Key Executives

  • Mr. 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. Board
  • Mr. Franklin Moreira Gonçalves (Age 48)
    Chief Generation & Transmission Officer and Member of Exec. Board
  • 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














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 equities research analysts have issued 1-year price targets for CEMIG's stock. Their CIG share price targets range from $2.60 to $2.90. On average, they anticipate the company's stock price to reach $2.75 in the next year. This suggests a possible upside of 16.3% 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 2024?

CEMIG's stock was trading at $2.32 at the beginning of 2024. Since then, CIG stock has increased by 1.9% and is now trading at $2.3650.
View the best growth stocks for 2024 here
.

Are investors shorting CEMIG?

CEMIG saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 2,130,000 shares, an increase of 47.9% from the January 31st total of 1,440,000 shares. Based on an average daily volume of 3,060,000 shares, the days-to-cover ratio is currently 0.7 days.
View CEMIG's Short Interest
.

When is CEMIG's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024.
View our CIG earnings forecast
.

Is CEMIG a good dividend stock?

CEMIG (NYSE:CIG) pays an annual dividend of $0.19 per share and currently has a dividend yield of 8.04%. CIG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 41.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIG will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIG.

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?
Who are CEMIG's major shareholders?

CEMIG's stock is owned by a number of institutional and retail investors. Top institutional shareholders include SPX Gestao de Recursos Ltda (0.00%), Citadel Advisors LLC (0.00%) and Simplex Trading 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CIG) was last updated on 3/5/2024 by MarketBeat.com Staff