-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
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 Ratio6.73
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$6.80 billion
Price / Sales0.32
Cash Flow$0.4534 per share
Price / Cash3.86
Book Value$3.57 per share
Price / Book0.49
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 Shares1,258,840,000
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 declared an annual dividend on Friday, April 6th. Shareholders of record on Thursday, May 3rd will be paid 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?
What price target have analysts set for CIG?
4 analysts have issued 12 month price targets for CEMIG's stock. Their forecasts range from $2.80 to $2.80. On average, they expect 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 decrease in short interest in the month of May. As of May 15th, there was short interest totalling 3,324,631 shares, a decrease of 45.2% from the April 30th total of 6,067,785 shares. Based on an average daily volume of 2,350,938 shares, the short-interest ratio is presently 1.4 days.
Who are some of CEMIG's key competitors?
Some companies that are related to CEMIG include Pinnacle West Capital (PNW), Great Plains Energy (GXP), OGE Energy (OGE), ENGIE BRASIL EN/S (EGIEY), Enel Generacion Chile (EOCC), CPFL Energia (CPL), Brookfield Renewable Partners (BEP), Enel Chile (ENIC), CENTRAIS ELETRI/S (EBR), Algonquin Power & Utilities (AQN), IDACORP (IDA), Portland General Electric (POR), Hawaiian Electric Industries (HE), Pampa Energia (PAM) and NRG Yield Inc Class C (NYLD).
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?
Media headlines about CIG stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CEMIG earned a news impact score of 0.05 on Accern's scale. They also gave news coverage about the utilities provider an impact score of 44.47 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
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 $1.75.
How big of a company is CEMIG?
CEMIG has a market capitalization of $2.24 billion and generates $6.80 billion in revenue each year. The utilities provider earns $313.51 million in net income (profit) each year or $0.26 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)
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.
