-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
Stock Exchange NYSE
Industry Electric services
Sub-IndustryN/A
SectorUtilities
SymbolNYSE:CIG
CUSIPN/A
Phone55-31-3506-3711
Debt
Debt-to-Equity Ratio0.75
Current Ratio0.92
Quick Ratio0.91
Price-To-Earnings
Trailing P/E Ratio7.62
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$6.80 billion
Price / SalesN/A
Cash Flow$0.4626 per share
Price / Cash4.28
Book Value$3.57 per share
Price / Book0.55
Profitability
EPS (Most Recent Fiscal Year)$0.26
Net Income$313.51 million
Net Margins5.10%
Return on Equity7.95%
Return on Assets2.66%
Miscellaneous
Employees7,119
Outstanding SharesN/A
Market Cap$0.00
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.
What is the consensus analysts' recommendation for CEMIG?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CEMIG in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CEMIG.
Who are some of CEMIG's key competitors?
Some companies that are related to CEMIG include NextEra Energy (NEE), Enel S.p.A. ADS Common Stock (ENLAY), Southern (SO), Dominion Energy (D), American Electric Power (AEP), CLP (CLPHY), Tenaga Nasional Bhd (TNABY), Edison International (EIX), PPL (PPL), DTE Energy (DTE), Eversource Energy (ES), Korea Electric Power (KEP), FirstEnergy (FE), SSE PLC/S (SSEZY) and Avangrid (AGR).
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 coverage about CIG stock has been trending somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CEMIG earned a media and rumor sentiment score of 0.11 on Accern's scale. They also gave press coverage about the utilities provider an impact score of 46.50 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for CEMIG.
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 $1.98.
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.
