S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
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Elon Musk restores X account of conspiracy theorist Alex Jones
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Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
All the trading advice you’ve ever received boils down to this (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
All the trading advice you’ve ever received boils down to this (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
All the trading advice you’ve ever received boils down to this (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
All the trading advice you’ve ever received boils down to this (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
All the trading advice you’ve ever received boils down to this (Ad)
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
All the trading advice you’ve ever received boils down to this (Ad)
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way

CEMIG (CIG) Stock Price, News & Analysis

$2.19
-0.02 (-0.90%)
(As of 12/8/2023 ET)
Compare
Today's Range
$2.17
$2.23
50-Day Range
$2.12
$2.73
52-Week Range
$1.89
$2.75
Volume
3.67 million shs
Average Volume
4.29 million shs
Market Capitalization
$4.82 billion
P/E Ratio
4.76
Dividend Yield
8.22%
Price Target
$2.75

CEMIG MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
25.6% Upside
$2.75 Price Target
Short Interest
Healthy
0.07% of Shares Sold Short
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

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Utilities Sector

61st out of 85 stocks

Electric Services Industry

26th out of 39 stocks


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

Here is Why Growth Investors Should Buy Cemig (CIG) Now
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix 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.com
Cemig downgraded to Neutral from Buy at BofA
CIG Companhia Energética de Minas Gerais - CEMIG
ELLO and CIG are among utility movers
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix 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.com
3 Must-Buy Stocks Under $10 With High Dividend Yield
Cemig: Q2 Earnings Snapshot
Cemig: Great Business But Uncertain Future
See More Headlines
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Company Calendar

Last Earnings
9/12/2023
Today
12/10/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
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
+25.6%
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
$35.87 billion
Cash Flow
$0.46 per share
Book Value
$1.92 per share

Miscellaneous

Outstanding Shares
2,201,370,000
Free Float
N/A
Market Cap
$4.82 billion
Optionable
Optionable
Beta
1.07

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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 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 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 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.

This page (NYSE:CIG) was last updated on 12/10/2023 by MarketBeat.com Staff

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