-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 Ratio0.67%
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
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?
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?
Some companies that are related to CEMIG include Brookfield Renewable Partners (BEP), Idacorp (IDA), Algonquin Power & Utilities (AQN), Pampa Energia (PAM), Hawaiian Electric Industries (HE), Portland General Electric (POR), NRG Yield (NYLD), PNM Resources (PNM), Ormat Technologies (ORA), Black Hills (BKH), Edenor (EDN), NextEra Energy Partners (NEP), Copel (ELP), Atlantica Yield (AY), El Paso Electric (EE), Dynegy (DYN), Pattern Energy Group (PEGI) and Otter Tail (OTTR).
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)
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.
CEMIG (NYSE:CIG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.50 | 2.75 | 2.50 | 2.25 |
| 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% upside | 20.17% upside | 29.63% upside | 3.70% upside |
CEMIG (NYSE:CIG) Consensus Price Target History
CEMIG (NYSE:CIG) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
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)
|
CEMIG (NYSE:CIG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/6/2018 | Annual | $0.13 | 5.35% | 5/2/2018 | 5/3/2018 | 5/3/2018 |
| 12/4/2017 | ... | $0.0142 | | 12/8/2017 | 12/11/2017 | 12/13/2017 |
| 11/10/2014 | special | $0.3416 | | 11/13/2014 | 11/17/2014 | 12/26/2014 |
| 11/7/2014 | | $0.3460 | | 11/10/2014 | 11/7/2014 | 12/19/2014 |
| 12/9/2013 | special | $0.2347 | | 12/12/2013 | 12/16/2013 | 12/27/2013 |
| 7/23/2013 | semiannual | $0.1310 | 3.96% | 5/2/2013 | 5/6/2013 | 7/25/2013 |
| 7/3/2013 | semiannual | $0.3214 | 16.45% | 5/2/2013 | 5/6/2013 | 7/5/2013 |
(Data available from 1/1/2013 forward)
CEMIG (NYSE CIG) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 2.18%
CEMIG (NYSE CIG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
(Data available from 1/1/2013 forward)
CEMIG (NYSE CIG) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | 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 Competition
www.americanbankingnews.com - April 15 at 5:09 AM |
| BidaskClub 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"
www.americanbankingnews.com - April 13 at 11:27 AM |
 | Brazil'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 Chase
www.americanbankingnews.com - April 4 at 12:49 PM |
| IDACORP (IDA) & Companhia Energetica de Minas Gers CEMIG (CIG) Critical Comparison
www.americanbankingnews.com - March 29 at 9:42 AM |
 | Brazil's Cemig seeks acquisition from Renova Energias
finance.yahoo.com - March 28 at 8:08 AM |
| SPIC 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 earnings
finance.yahoo.com - March 12 at 7:22 AM |
 | Implied 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 - Nasdaq
www.nasdaq.com - February 15 at 8:01 AM |
 | Companhia 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 Group
www.americanbankingnews.com - February 1 at 11:12 AM |
| 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, 2017
finance.yahoo.com - December 28 at 3:30 PM |
| Cemig 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, 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, 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, 2017
finance.yahoo.com - December 11 at 5:35 PM |
| ETFs 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, 2017
finance.yahoo.com - December 5 at 10:08 AM |
| Comp 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, 2017
finance.yahoo.com - November 30 at 5:18 PM |
| Comp 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 & Co
www.americanbankingnews.com - November 27 at 5:28 PM |
| Companhia 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)
www.prnewswire.com - November 9 at 8:05 PM |
| ETFs 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, 2017
finance.yahoo.com - October 26 at 5:30 PM |
| Comp En De Mn Cemig ADS (CIG) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - October 26 at 3:32 AM |
| Brazil'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, 2017
finance.yahoo.com - October 3 at 5:02 PM |
| EMERGING MARKETS-LatAm currencies weaken on Yellen comments, Trump tax plan
finance.yahoo.com - October 2 at 4:55 PM |
| Cemig to exit Brazil's Renova as Brookfield hints at higher bid: sources
finance.yahoo.com - October 2 at 4:55 PM |
| Exclusive: 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 Brokerages
www.americanbankingnews.com - October 1 at 2:50 AM |
| ETFs 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, 2017
finance.yahoo.com - September 21 at 5:03 PM |
| Brazil'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 probe
finance.yahoo.com - September 12 at 10:54 PM |
| EMERGING 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)
www.americanbankingnews.com - September 11 at 2:18 PM |
| Brazil'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 soars
finance.yahoo.com - August 29 at 5:34 PM |
| China'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)
www.americanbankingnews.com - August 20 at 12:18 AM |
| Reviewing TransAlta Corporation (TAC) and Comp En De Mn Cemig ADS (CIG)
www.americanbankingnews.com - August 17 at 12:20 PM |
| Brazil'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, 2017
finance.yahoo.com - August 16 at 5:40 PM |
CEMIG (NYSE:CIG) SEC Filings
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CEMIG (NYSE:CIG) Income Statement, Balance Sheet and Cash Flow Statement
CEMIG (NYSE CIG) Stock Chart for Friday, April, 20, 2018
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