NYSE:CIG - CEMIG Stock Price, Price Target & More

$2.45 -0.04 (-1.61 %)
(As of 04/20/2018 04:00 PM ET)
Previous Close$2.45
Today's Range$2.41 - $2.47
52-Week Range$1.89 - $3.09
Volume4.74 million shs
Average Volume3.67 million shs
Market Capitalization$3.06 billion
P/E Ratio30.63
Dividend Yield2.63%
Beta1.81

About CEMIG (NYSE:CIG)

CEMIG logoCompanhia 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.

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Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
SymbolNYSE:CIG
CUSIPN/A
Phone55-31-3506-3711

Debt

Debt-to-Equity Ratio0.67%
Current Ratio0.64%
Quick Ratio0.63%

Price-To-Earnings

Trailing P/E Ratio30.63
Forward P/E Ratio8.45
P/E GrowthN/A

Sales & Book Value

Annual Sales$5.77 billion
Price / Sales0.53
Cash Flow$0.2740 per share
Price / Cash8.94
Book Value$2.95 per share
Price / Book0.83

Profitability

EPS (Most Recent Fiscal Year)$0.08
Net Income$95.75 million
Net Margins0.46%
Return on Equity0.70%
Return on Assets0.22%

Miscellaneous

Employees7,119
Outstanding Shares1,258,840,000

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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 announced 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 yield of 5.35%. The ex-dividend date is Wednesday, May 2nd. View CEMIG's Dividend History.

When is CEMIG's next earnings date?

CEMIG is scheduled to release their next quarterly earnings announcement on Tuesday, May, 15th 2018. View Earnings Estimates for CEMIG.

What price target have analysts set for CIG?

4 analysts have issued twelve-month price objectives for CEMIG's stock. Their predictions range from $2.80 to $2.80. On average, they anticipate CEMIG's share price to reach $2.80 in the next twelve months. View Analyst Ratings for CEMIG.

Are investors shorting CEMIG?

CEMIG saw a increase in short interest in the month of March. As of March 29th, there was short interest totalling 7,108,963 shares, an increase of 63.1% from the March 15th total of 4,357,326 shares. Based on an average daily trading volume, of 3,092,553 shares, the short-interest ratio is currently 2.3 days. Currently, 0.7% of the company's shares are sold short.

Who are some of CEMIG's key competitors?

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

Has CEMIG been receiving favorable news coverage?

News stories about CIG stock have trended somewhat positive on Friday, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CEMIG earned a news sentiment score of 0.25 on Accern's scale. They also assigned news articles about the utilities provider an impact score of 46.55 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

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 $2.45.

How big of a company is CEMIG?

CEMIG has a market capitalization of $3.06 billion and generates $5.77 billion in revenue each year. The utilities provider earns $95.75 million in net income (profit) each year or $0.08 on an earnings per share basis. CEMIG employs 7,119 workers across the globe.

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 (CIG)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  119 (Vote Outperform)
Underperform Votes:  188 (Vote Underperform)
Total Votes:  307
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.

Analyst Ratings

CEMIG (NYSE:CIG) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
4 Wall Street analysts have issued ratings and price targets for CEMIG in the last 12 months. Their average twelve-month price target is $2.80, suggesting that the stock has a possible upside of 14.29%. The high price target for CIG is $2.80 and the low price target for CIG is $2.80. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyHold
Consensus Rating Score: 2.502.752.502.25
Ratings Breakdown: 0 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $2.80$2.80$2.80$2.80
Price Target Upside: 14.29% upside20.17% upside29.63% upside3.70% upside

CEMIG (NYSE:CIG) Consensus Price Target History

Price Target History for CEMIG (NYSE:CIG)

CEMIG (NYSE:CIG) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/4/2018JPMorgan ChaseDowngradeOverweight -> NeutralMediumView Rating Details
2/1/2018UBSUpgradeMarket Perform -> OutperformLowView Rating Details
7/14/2017Goldman SachsUpgradeSell -> Neutral$2.10 -> $2.80MediumView Rating Details
6/22/2017Morgan StanleyUpgradeUnderweight -> OverweightHighView Rating Details
(Data available from 4/20/2016 forward)

Earnings

CEMIG (NYSE:CIG) Earnings History and Estimates Chart

Earnings by Quarter for CEMIG (NYSE:CIG)

CEMIG (NYSE:CIG) Earnings Estimates

Current Year EPS Consensus Estimate: $0.29 EPS
Next Year EPS Consensus Estimate: $0.35 EPS

CEMIG (NYSE CIG) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/15/2018        
11/21/2017Q3 2017($0.02)$1.6236 billionViewN/AView Earnings Details
8/16/2017Q2 2017$0.03$1.6224 billionViewN/AView Earnings Details
5/16/2017Q1 2017$0.09$1.5312 billionViewN/AView Earnings Details
11/16/2016Q3 2016$0.11$1.5086 billionViewN/AView Earnings Details
8/12/2016Q2 2016$0.05$1.3578 billionViewN/AView Earnings Details
11/19/2015Q3 2015$0.04$1.3634 billionViewN/AView Earnings Details
8/14/2015Q2 2015$0.14$1.7558 billionViewN/AView Earnings Details
11/14/2014Q3 2014$0.01$1.4723 billionViewN/AView Earnings Details
8/14/2013Q2 2013$0.45$0.21$1.4968 billionViewN/AView Earnings Details
5/16/2013Q1 2013$0.18$0.38$1.8155 billionViewN/AView Earnings Details
4/4/2013Q4 2012$0.89ViewN/AView Earnings Details
8/16/2012Q2 2012$0.28ViewN/AView Earnings Details
5/8/2012Q4 2011$0.29ViewN/AView Earnings Details
5/16/2011Q1 2011$0.25ViewN/AView Earnings Details
5/14/2009Q1 2009$0.13ViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

CEMIG (NYSE:CIG) Dividend Information

CEMIG pays an annual dividend of $0.06 per share, with a dividend yield of 2.45%. CIG's next annual dividend payment will be made on Thursday, May 3. CEMIG pays out 75.00% of its earnings out as a dividend.
Next Dividend:5/3/2018
Annual Dividend:$0.06
Dividend Yield:2.45%
Dividend Growth:-33.60% (3 Year Average)
Payout Ratio:75.00% (Trailing 12 Months of Earnings)
20.69% (Based on This Year's Estimates)
17.14% (Based on Next Year's Estimates)
Dividend Payments by Quarter for CEMIG (NYSE:CIG)

CEMIG (NYSE:CIG) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/6/2018Annual$0.135.35%5/2/20185/3/20185/3/2018
12/4/2017...$0.014212/8/201712/11/201712/13/2017
11/10/2014special$0.341611/13/201411/17/201412/26/2014
11/7/2014$0.346011/10/201411/7/201412/19/2014
12/9/2013special$0.234712/12/201312/16/201312/27/2013
7/23/2013semiannual$0.13103.96%5/2/20135/6/20137/25/2013
7/3/2013semiannual$0.321416.45%5/2/20135/6/20137/5/2013
(Data available from 1/1/2013 forward)

Insider Trades

CEMIG (NYSE CIG) Insider Trading and Institutional Ownership History

Institutional Ownership Percentage: 2.18%
Insider Trading History for CEMIG (NYSE:CIG)
Insider Trading History for CEMIG (NYSE:CIG)

CEMIG (NYSE CIG) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
(Data available from 1/1/2013 forward)

Headlines

CEMIG (NYSE CIG) News Headlines

Source:
DateHeadline
Short Interest in CEMIG (CIG) Rises By 63.1%Short Interest in CEMIG (CIG) Rises By 63.1%
www.americanbankingnews.com - April 17 at 1:41 AM
Head-To-Head Comparison: CEMIG (CIG) versus The CompetitionHead-To-Head Comparison: CEMIG (CIG) versus The Competition
www.americanbankingnews.com - April 15 at 5:09 AM
BidaskClub Downgrades Companhia Energetica de Minas Gers CEMIG (CIG) to SellBidaskClub Downgrades Companhia Energetica de Minas Gers CEMIG (CIG) to Sell
www.americanbankingnews.com - April 14 at 6:22 PM
Companhia Energetica de Minas Gers CEMIG (CIG) Upgraded by BidaskClub to "Hold"Companhia Energetica de Minas Gers CEMIG (CIG) Upgraded by BidaskClub to "Hold"
www.americanbankingnews.com - April 13 at 11:27 AM
Brazils Cemig postpones Belo Monte stake sale to 2019Brazil's Cemig postpones Belo Monte stake sale to 2019
www.reuters.com - April 11 at 8:03 AM
Companhia Energetica de Minas Gers CEMIG (CIG) Lowered to "Neutral" at JPMorgan ChaseCompanhia Energetica de Minas Gers CEMIG (CIG) Lowered to "Neutral" at JPMorgan Chase
www.americanbankingnews.com - April 4 at 12:49 PM
IDACORP (IDA) & Companhia Energetica de Minas Gers CEMIG (CIG) Critical ComparisonIDACORP (IDA) & Companhia Energetica de Minas Gers CEMIG (CIG) Critical Comparison
www.americanbankingnews.com - March 29 at 9:42 AM
Brazils Cemig seeks acquisition from Renova EnergiasBrazil's Cemig seeks acquisition from Renova Energias
finance.yahoo.com - March 28 at 8:08 AM
SPIC renews talks to buy Brazilian hydroelectric project -paperSPIC renews talks to buy Brazilian hydroelectric project -paper
finance.yahoo.com - March 14 at 7:27 PM
Big Lots got lots o' big problems today: Stock tanks after reporting earningsBig Lots got lots o' big problems today: Stock tanks after reporting earnings
finance.yahoo.com - March 12 at 7:22 AM
Implied PUW Analyst Target Price: $31 - NasdaqImplied PUW Analyst Target Price: $31 - Nasdaq
www.nasdaq.com - February 18 at 8:06 AM
Mid-Morning Market Update: Markets Mostly Lower; Groupon Profit Misses Views - NasdaqMid-Morning Market Update: Markets Mostly Lower; Groupon Profit Misses Views - Nasdaq
www.nasdaq.com - February 15 at 8:01 AM
Companhia Energética de Minas Gerais (CIG) Presents At Credit Suisse Latin America Investment Conference - SlideshowCompanhia Energética de Minas Gerais (CIG) Presents At Credit Suisse Latin America Investment Conference - Slideshow
seekingalpha.com - February 12 at 7:58 AM
Companhia Energetica de Minas Gers CEMIG (CIG) Lifted to Outperform at UBS GroupCompanhia Energetica de Minas Gers CEMIG (CIG) Lifted to Outperform at UBS Group
www.americanbankingnews.com - February 1 at 11:12 AM
Short Interest in Companhia Energetica de Minas Gers CEMIG (CIG) Rises By 113.6%Short Interest in Companhia Energetica de Minas Gers CEMIG (CIG) Rises By 113.6%
www.americanbankingnews.com - January 2 at 2:28 AM
ETFs with exposure to Companhia Energética de Minas Gerais SA : December 28, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : December 28, 2017
finance.yahoo.com - December 28 at 3:30 PM
Cemig Distribuicao S.A. -- Moodys assigns B3/B2.br ratings to Cemig-Ds BRL1,575 million debentures due 2022Cemig Distribuicao S.A. -- Moody's assigns B3/B2.br ratings to Cemig-D's BRL1,575 million debentures due 2022
finance.yahoo.com - December 22 at 9:45 PM
ETFs with exposure to Companhia Energética de Minas Gerais SA : December 12, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : December 12, 2017
finance.yahoo.com - December 12 at 5:49 PM
Companhia Energética de Minas Gerais SA : CIG.C-US: Dividend Analysis : December 11th, 2017 (record date) : By the numbers : December 11, 2017Companhia Energética de Minas Gerais SA : CIG.C-US: Dividend Analysis : December 11th, 2017 (record date) : By the numbers : December 11, 2017
finance.yahoo.com - December 11 at 5:35 PM
Companhia Energética de Minas Gerais SA :CIG.C-US: Earnings Analysis: Q3, 2017 By the Numbers : December 11, 2017Companhia Energética de Minas Gerais SA :CIG.C-US: Earnings Analysis: Q3, 2017 By the Numbers : December 11, 2017
finance.yahoo.com - December 11 at 5:35 PM
ETFs with exposure to Companhia Energética de Minas Gerais SA : December 11, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : December 11, 2017
finance.yahoo.com - December 11 at 5:35 PM
Companhia Energética de Minas Gerais SA :CIG-US: Earnings Analysis: Q3, 2017 By the Numbers : December 5, 2017Companhia Energética de Minas Gerais SA :CIG-US: Earnings Analysis: Q3, 2017 By the Numbers : December 5, 2017
finance.yahoo.com - December 5 at 10:08 AM
Comp En De Mn Cemig ADS (CIG) Announces $0.01 ... DividendComp En De Mn Cemig ADS (CIG) Announces $0.01 ... Dividend
www.americanbankingnews.com - December 4 at 10:40 PM
ETFs with exposure to Companhia Energética de Minas Gerais SA : November 30, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : November 30, 2017
finance.yahoo.com - November 30 at 5:18 PM
Comp En De Mn Cemig ADS (CIG) Short Interest UpdateComp En De Mn Cemig ADS (CIG) Short Interest Update
www.americanbankingnews.com - November 29 at 2:38 AM
Comp En De Mn Cemig ADS (CIG) Rating Increased to Overweight at J P Morgan Chase & CoComp En De Mn Cemig ADS (CIG) Rating Increased to Overweight at J P Morgan Chase & Co
www.americanbankingnews.com - November 27 at 5:28 PM
Companhia Energetica (CIG) Incurs Loss in Q3 on High CostsCompanhia Energetica (CIG) Incurs Loss in Q3 on High Costs
finance.yahoo.com - November 17 at 2:26 PM
How These Electric Utilities Stocks are Performing? -- Atlantica Yield, Companhia Energetica de Minas Gerais ... - PR Newswire (press release)How These Electric Utilities Stocks are Performing? -- Atlantica Yield, Companhia Energetica de Minas Gerais ... - PR Newswire (press release)
www.prnewswire.com - November 9 at 8:05 PM
ETFs with exposure to Companhia Energética de Minas Gerais SA : November 8, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : November 8, 2017
finance.yahoo.com - November 8 at 9:08 PM
ETFs with exposure to Companhia Energética de Minas Gerais SA : October 26, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : October 26, 2017
finance.yahoo.com - October 26 at 5:30 PM
Comp En De Mn Cemig ADS (CIG) Given Consensus Rating of "Hold" by AnalystsComp En De Mn Cemig ADS (CIG) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - October 26 at 3:32 AM
Brazils Cemig fires business development director, sources sayBrazil's Cemig fires business development director, sources say
finance.yahoo.com - October 20 at 5:26 PM
ETFs with exposure to Companhia Energética de Minas Gerais SA : October 3, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : October 3, 2017
finance.yahoo.com - October 3 at 5:02 PM
EMERGING MARKETS-LatAm currencies weaken on Yellen comments, Trump tax planEMERGING MARKETS-LatAm currencies weaken on Yellen comments, Trump tax plan
finance.yahoo.com - October 2 at 4:55 PM
Cemig to exit Brazils Renova as Brookfield hints at higher bid: sourcesCemig to exit Brazil's Renova as Brookfield hints at higher bid: sources
finance.yahoo.com - October 2 at 4:55 PM
Exclusive: Brazils Minas state to oust Cemig CEO Alvarenga, sources sayExclusive: Brazil's Minas state to oust Cemig CEO Alvarenga, sources say
finance.yahoo.com - October 2 at 4:55 PM
Comp En De Mn Cemig ADS (CIG) Given Average Rating of "Hold" by BrokeragesComp En De Mn Cemig ADS (CIG) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - October 1 at 2:50 AM
ETFs with exposure to Companhia Energética de Minas Gerais SA : September 22, 2017ETFs with exposure to Companhia Energética de Minas Gerais SA : September 22, 2017
finance.yahoo.com - September 22 at 4:12 PM
Companhia Energética de Minas Gerais SA :CIG-US: Earnings Analysis: Q2, 2017 By the Numbers : September 21, 2017Companhia Energética de Minas Gerais SA :CIG-US: Earnings Analysis: Q2, 2017 By the Numbers : September 21, 2017
finance.yahoo.com - September 21 at 5:03 PM
Brazils Vale to meet debt target before implementing new growth plans -execBrazil's Vale to meet debt target before implementing new growth plans -exec
finance.yahoo.com - September 18 at 8:26 PM
EMERGING MARKETS-Brazil currency falls as Temer faces fresh graft probeEMERGING MARKETS-Brazil currency falls as Temer faces fresh graft probe
finance.yahoo.com - September 12 at 10:54 PM
EMERGING MARKETS-Brazil currency weaker as Temer falls under police suspicionEMERGING MARKETS-Brazil currency weaker as Temer falls under police suspicion
finance.yahoo.com - September 12 at 5:51 PM
Head to Head Contrast: TerraForm Power (TERP) vs. Comp En De Mn Cemig ADS (CIG)Head to Head Contrast: TerraForm Power (TERP) vs. Comp En De Mn Cemig ADS (CIG)
www.americanbankingnews.com - September 11 at 2:18 PM
Brazils Andrade Gutierrez walks out of Cemig shareholder accordBrazil's Andrade Gutierrez walks out of Cemig shareholder accord
finance.yahoo.com - September 7 at 10:21 PM
EMERGING MARKETS-Chile peso touches 2-year high vs dollar as copper soarsEMERGING MARKETS-Chile peso touches 2-year high vs dollar as copper soars
finance.yahoo.com - August 29 at 5:34 PM
Chinas SPIC to participate in Brazil dam auctions -sourceChina's SPIC to participate in Brazil dam auctions -source
finance.yahoo.com - August 28 at 5:05 PM
Comparing TerraForm Power (TERP) and Comp En De Mn Cemig ADS (CIG)Comparing TerraForm Power (TERP) and Comp En De Mn Cemig ADS (CIG)
www.americanbankingnews.com - August 20 at 12:18 AM
Reviewing TransAlta Corporation (TAC) and Comp En De Mn Cemig ADS (CIG)Reviewing TransAlta Corporation (TAC) and Comp En De Mn Cemig ADS (CIG)
www.americanbankingnews.com - August 17 at 12:20 PM
Brazils Cemig profit misses estimates as financial income slumpsBrazil's Cemig profit misses estimates as financial income slumps
finance.yahoo.com - August 16 at 10:41 PM
Companhia Energética de Minas Gerais SA : CIG-US: Dividend Analysis : May 17th, 2017 (record date) : By the numbers : August 16, 2017Companhia Energética de Minas Gerais SA : CIG-US: Dividend Analysis : May 17th, 2017 (record date) : By the numbers : August 16, 2017
finance.yahoo.com - August 16 at 5:40 PM

SEC Filings

CEMIG (NYSE:CIG) SEC Filings

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Financials

CEMIG (NYSE:CIG) Income Statement, Balance Sheet and Cash Flow Statement

Chart

CEMIG (NYSE CIG) Stock Chart for Friday, April, 20, 2018

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This page was last updated on 4/20/2018 by MarketBeat.com Staff

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