NYSE:CIGCEMIG Stock Price, Forecast & News

$1.96

-0.02 (-1.01 %)

(As of 05/29/2020 09:32 AM ET)

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Today's Range

$1.96

Now: $1.97▼

$1.98

50-Day Range

$1.36

MA: $1.68▼

$2.09

52-Week Range

$1.28

Now: $1.97▼

$4.11

Volume5,562 shs

Average Volume4.20 million shs

Market Capitalization$2.87 billion

P/E RatioN/A

Dividend Yield2.75%

Beta0.67

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.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for CEMIG.

2.1 Community Rank

Outperform Votes
CEMIG has received 236 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CEMIG has received 334 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CEMIG has received 58.60% “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 2.75%, 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 1.34% of the stock of CEMIG is held by institutions.

0.6 Earnings and Valuation

Price to Book Value per Share Ratio
CEMIG has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

0.88 out of 5 stars

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

Phone55-31-3506-3711

Debt

Debt-to-Equity Ratio0.73

Current Ratio1.32

Quick Ratio1.32

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$6.32 billion

Price / Sales0.45

Cash Flow$0.39 per share

Price / Cash Flow5.10

Book Value$2.99 per share

Price / Book0.66

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$476.61 million

Net Margins15.28%

Return on Equity24.98%

Return on Assets7.30%

Miscellaneous

Employees6,083

Outstanding Shares1,458,750,000

Market Cap$2.87 billion

Next Earnings DateN/A

OptionableOptionable

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CEMIG (NYSE:CIG) Frequently Asked Questions

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

CEMIG's stock was trading at $2.41 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CIG shares have decreased by 18.5% and is now trading at $1.9650. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of CEMIG?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CEMIG in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CEMIG.

Has CEMIG been receiving favorable news coverage?

News stories about CIG stock have been trending extremely negative this week, according to InfoTrie. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CEMIG earned a coverage optimism score of -4.8 on InfoTrie's scale. They also gave news headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutCEMIG.

Are investors shorting CEMIG?

CEMIG saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,470,000 shares, an increase of 79.9% from the April 30th total of 3,040,000 shares. Based on an average trading volume of 4,930,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.6% of the company's stock are short sold. View CEMIG's Current Options Chain.

Who are some of CEMIG's key competitors?

Some companies that are related to CEMIG include Korea Electric Power (KEP), Vistra Energy (VST), RED ELECTRICA C/ADR (RDEIY), CenterPoint Energy (CNP), NRG Energy (NRG), Brookfield Renewable Partners (BEP), Enel Americas (ENIA), Pinnacle West Capital (PNW), CENTRAIS ELETRI/S (EBR.B), CENTRAIS ELETRI/S (EBR), Algonquin Power & Utilities (AQN), OGE Energy (OGE), ENGIE BRASIL EN/S (EGIEY), Huaneng Power International Inc ADR Class N (HNP) and CHINA RESOURES/ADR (CRPJY). View all 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), Beazer Homes USA (BZH), Energy Transfer LP Unit (ET), Ford Motor (F), PETROLEO BRASIL/ADR (PBR), General Electric (GE), Frontline (FRO), HollyFrontier (HFC) and Companhia Siderurgica Nacional (SID).

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 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 many different retail and institutional investors. Top institutional shareholders include Cohen & Steers Inc. (0.11%) and US Bancorp DE (0.00%).

Which major investors are buying CEMIG stock?

CIG stock was bought by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., and US Bancorp DE.

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, Robinhood, Fidelity, and Charles Schwab.

What is CEMIG's stock price today?

One share of CIG stock can currently be purchased for approximately $1.97.

How big of a company is CEMIG?

CEMIG has a market capitalization of $2.87 billion and generates $6.32 billion in revenue each year. CEMIG employs 6,083 workers across the globe.

What is CEMIG's official website?

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

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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff