NYSE:CIG

CEMIG Stock Forecast, Price & News

$2.58

-0.11 (-4.09 %)

(As of 06/11/2021 12:00 AM ET)

Add

Compare

Today's Range

$2.56

▼

$2.67

50-Day Range

$2.12

▼

$2.71

52-Week Range

$1.77

▼

$2.98

Volume3.77 million shs

Average Volume4.52 million shs

Market Capitalization$4.87 billion

P/E RatioN/A

Dividend Yield5.06%

Beta0.48

30 days | 90 days | 365 days | Advanced Chart

Receive CIG 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.

About CEMIG

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.

CEMIG (NYSE:CIG) Trading Down 3.7%
June 11, 2021 | americanbankingnews.com

CEMIG (NYSE:CIG) Share Price Crosses Above 200-Day Moving Average of $0.00
June 4, 2021 | americanbankingnews.com

8 Best Utility Stocks to Buy for Downside Protection - Nasdaq
May 27, 2021 | nasdaq.com

CEMIG (NYSE:CIG) Shares Gap Up to $2.49
May 27, 2021 | americanbankingnews.com

CEMIG (NYSE:CIG) Stock Rating Upgraded by JPMorgan Chase & Co.
May 27, 2021 | americanbankingnews.com

CEMIG (NYSE:CIG) Trading Up 3.4%
May 19, 2021 | americanbankingnews.com

Debt Reductions And Possible Privatization Could Make CEMIG An Attractive Investment - Seeking Alpha
May 11, 2021 | seekingalpha.com

Brazil's Cemig starts process to sell Taesa stake -filing - Reuters
May 6, 2021 | reuters.com

Brazil's Vale to repay $92 mln for undelivered energy, newspaper says - Nasdaq
May 5, 2021 | nasdaq.com

UPDATE 2-Brazil's Cemig plans gas distribution IPO, new investments and divestments - Yahoo Finance
April 29, 2021 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Electric services
Sub-IndustryN/A
SectorUtilities
Current SymbolNYSE:CIG
Previous Symbol
CUSIPN/A
CIK1157557
Webwww.cemig.com.br
Phone55-31-3506-5024
Employees5,254
Year Founded1952

Sales & Book Value

Annual Sales$4.89 billion
Price / Sales1.00
Cash Flow$0.38 per share
Price / Cash Flow6.79
Book Value$1.80 per share
Price / Book1.43

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares1,888,100,000
Market Cap$4.87 billion
Next Earnings Date8/13/2021 (Estimated)
OptionableOptionable

Social Links

MarketRank^™

Overall MarketRank^™

1.45 out of 5 stars

Utilities Sector

84th out of 279 stocks

Electric Services Industry

35th out of 79 stocks

3.5 Analyst's Opinion

Consensus Rating
CEMIG has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.00, CEMIG has a forecasted upside of 558.9% from its current price of $2.58.
Amount of Analyst Coverage
CEMIG has only been the subject of 1 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
CEMIG has received 239 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CEMIG has received 340 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CEMIG has received 58.72% “underperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Leadership
CEMIG is a leading dividend payer. It pays a dividend yield of 5.06%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CEMIG does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CEMIG insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 0.89% of the stock of CEMIG is held by institutions.

0.0 Earnings and Valuation

Price to Book Value per Share Ratio
CEMIG has a P/B Ratio of 1.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

CEMIG (NYSE:CIG) Frequently Asked Questions

Is CEMIG a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CEMIG in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CEMIG stock.
View analyst ratings for CEMIG or view top-rated stocks.

What stocks does MarketBeat like better than CEMIG?

Wall Street analysts have given CEMIG a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but CEMIG wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting CEMIG?

CEMIG saw a drop in short interest in May. As of May 28th, there was short interest totaling 2,970,000 shares, a drop of 28.9% from the May 13th total of 4,180,000 shares. Based on an average daily volume of 12,610,000 shares, the days-to-cover ratio is currently 0.2 days.
View CEMIG's Short Interest.

When is CEMIG's next earnings date?

CEMIG is scheduled to release its next quarterly earnings announcement on Friday, August 13th 2021.
View our earnings forecast for CEMIG.

How has CEMIG's stock been impacted by Coronavirus (COVID-19)?

CEMIG's stock was trading at $2.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CIG stock has increased by 7.1% and is now trading at $2.58.
View which stocks have been most impacted by COVID-19.

Is CEMIG a good dividend stock?

CEMIG pays an annual dividend of $0.14 per share and currently has a dividend yield of 5.06%. CIG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View CEMIG's dividend history.

What price target have analysts set for CIG?

2 Wall Street analysts have issued 1-year price targets for CEMIG's shares. Their forecasts range from $17.00 to $17.00. On average, they anticipate CEMIG's stock price to reach $17.00 in the next year. This suggests a possible upside of 558.9% from the stock's current price.
View analysts' price targets for CEMIG or view top-rated stocks among Wall Street analysts.

Who are CEMIG's key executives?

CEMIG's management team includes the following 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

What is Djalma Bastos de Morais' approval rating as CEMIG's CEO?

2 employees have rated CEMIG CEO Djalma Bastos de Morais on Glassdoor.com. Djalma Bastos de Morais has an approval rating of 100% among CEMIG's employees. This puts Djalma Bastos de Morais in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of CEMIG's key competitors?

Some companies that are related to CEMIG include Avangrid (AGR), CenterPoint Energy (CNP), Korea Electric Power (KEP), Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR), Tenaga Nasional Berhad (TNABY), Red Eléctrica Corporación (RDEIY), Brookfield Renewable Partners (BEP), Enel Américas (ENIA), Pinnacle West Capital (PNW), Algonquin Power & Utilities (AQN), NRG Energy (NRG), Vistra (VST), Brookfield Renewable (BEPC), OGE Energy (OGE) and China Resources Power (CRPJY).
View all of CIG's competitors.

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).

What is CEMIG's stock symbol?

CEMIG trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIG."

Who are CEMIG's major shareholders?

CEMIG's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BNP PARIBAS ASSET MANAGEMENT Holding S.A. (0.05%) and US Bancorp DE (0.00%).

Which major investors are selling CEMIG stock?

CIG stock was sold by a variety of institutional investors in the last quarter, including US Bancorp DE, and BNP PARIBAS ASSET MANAGEMENT Holding S.A..

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is CEMIG's stock price today?

One share of CIG stock can currently be purchased for approximately $2.58.

How much money does CEMIG make?

CEMIG has a market capitalization of $4.87 billion and generates $4.89 billion in revenue each year.

How many employees does CEMIG have?

CEMIG employs 5,254 workers across the globe.

When was CEMIG founded?

CEMIG was founded in 1952.

What is CEMIG's official website?

The official website for CEMIG is www.cemig.com.br.

Where are CEMIG's headquarters?

CEMIG is headquartered at AVENIDA BARBACENA 1200, BELO HORIZONTE D5, 10019.

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 55-31-3506-5024 or via email at [email protected]

This page was last updated on 6/13/2021 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here