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NVDA   199.87 (+2.30%)
NIO   12.27 (+1.66%)
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AMD   79.66 (+6.00%)
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DIS   108.54 (+0.05%)
AMC   5.54 (+3.55%)
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PYPL   81.13 (-0.44%)
NFLX   352.39 (-0.42%)
QQQ   294.43 (-0.06%)
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MSFT   247.22 (-0.24%)
META   147.61 (-0.91%)
GOOGL   98.39 (-0.46%)
AMZN   102.39 (-0.72%)
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NVDA   199.87 (+2.30%)
NIO   12.27 (+1.66%)
BABA   113.01 (+2.55%)
AMD   79.66 (+6.00%)
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MU   61.08 (+1.29%)
F   13.65 (+1.04%)
CGC   3.04 (+0.33%)
GE   81.08 (+0.75%)
DIS   108.54 (+0.05%)
AMC   5.54 (+3.55%)
PFE   43.77 (-0.88%)
PYPL   81.13 (-0.44%)
NFLX   352.39 (-0.42%)
QQQ   294.43 (-0.06%)
AAPL   142.74 (-1.07%)
MSFT   247.22 (-0.24%)
META   147.61 (-0.91%)
GOOGL   98.39 (-0.46%)
AMZN   102.39 (-0.72%)
TSLA   173.80 (+0.33%)
NVDA   199.87 (+2.30%)
NIO   12.27 (+1.66%)
BABA   113.01 (+2.55%)
AMD   79.66 (+6.00%)
T   20.42 (+0.25%)
MU   61.08 (+1.29%)
F   13.65 (+1.04%)
CGC   3.04 (+0.33%)
GE   81.08 (+0.75%)
DIS   108.54 (+0.05%)
AMC   5.54 (+3.55%)
PFE   43.77 (-0.88%)
PYPL   81.13 (-0.44%)
NFLX   352.39 (-0.42%)
NYSE:CIG

CEMIG - CIG Stock Forecast, Price & News

$2.20
-0.04 (-1.79%)
(As of 02/1/2023 10:04 AM ET)
Add
Compare
Today's Range
$2.20
$2.23
50-Day Range
$1.92
$2.27
52-Week Range
$1.82
$2.62
Volume
212,228 shs
Average Volume
5.20 million shs
Market Capitalization
$4.84 billion
P/E Ratio
10.07
Dividend Yield
1.81%
Price Target
N/A

CEMIG MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.11% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-3.33%
From $0.30 to $0.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.98 out of 5 stars

Utilities Sector

67th out of 84 stocks

Electric Services Industry

29th out of 40 stocks


CIG stock logo

About CEMIG (NYSE:CIG) Stock

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.

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CIG Stock News Headlines

Energy of Minas Gerais Co (CIG)
New "Vertical" Technology Solves Solar Power's Major Flaw
Even conservationists hate conventional solar farms. That's because they take up too much land and can degrade the environment. And let's face it, land is expensive...Fortunately, new groundbreaking tower technology solves solar's #1 drawback. These unique vertical structures not only take up to 90% less land space, but also generate extra electric power.
Warning: Thinking too much about cigarettes may cause confusion
Energy of Minas Gerais Co
Top Lithium Stock To Watch
Today's stock market news features a lithium stock with blue sky potential.
See More Headlines
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CIG Company Calendar

Today
2/01/2023
Next Earnings (Estimated)
5/15/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Fax
N/A
Employees
5,025
Year Founded
1952

Profitability

Net Income
$695.06 million
Pretax Margin
7.19%

Debt

Sales & Book Value

Annual Sales
$6.24 billion
Cash Flow
$0.42 per share
Book Value
$1.64 per share

Miscellaneous

Outstanding Shares
2,201,370,000
Free Float
N/A
Market Cap
$4.84 billion
Optionable
Optionable
Beta
0.67

Social Links


Key Executives

  • Mr. Bernardo Afonso Salomão de Alvarenga (Age 67)
    CEO, Pres of Exec. Board & Director
  • Mr. Maurício Fernandes Leonardo Jr.
    Júnior, Chief Officer for Fin. & Investor Relations and Member of Exec. Board
  • Mr. Franklin Moreira Gonçalves (Age 48)
    Chief Generation & Transmission Officer and Member of Exec. Board
  • 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













CIG Stock - Frequently Asked Questions

How have CIG shares performed in 2023?

CEMIG's stock was trading at $2.03 on January 1st, 2023. Since then, CIG shares have increased by 10.3% and is now trading at $2.24.
View the best growth stocks for 2023 here
.

Are investors shorting CEMIG?

CEMIG saw a decline in short interest in January. As of January 15th, there was short interest totaling 2,480,000 shares, a decline of 36.2% from the December 31st total of 3,890,000 shares. Based on an average daily volume of 7,830,000 shares, the days-to-cover ratio is presently 0.3 days.
View CEMIG's Short Interest
.

When is CEMIG's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 15th 2023.
View our CIG earnings forecast
.

Is CEMIG a good dividend stock?

CEMIG (NYSE:CIG) pays an annual dividend of $0.04 per share and currently has a dividend yield of 1.78%. The dividend payout ratio is 18.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIG will have a dividend payout ratio of 13.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIG.

What is Djalma Bastos de Morais' approval rating as CEMIG's CEO?

2 employees have rated CEMIG Chief Executive Officer Djalma Bastos de Morais on Glassdoor.com. Djalma Bastos de Morais has an approval rating of 100% among the company's employees. This puts Djalma Bastos de Morais in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of CEMIG own?
What is CEMIG's stock symbol?

CEMIG trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIG."

How do I buy shares of CEMIG?

Shares of CIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is CEMIG's stock price today?

One share of CIG stock can currently be purchased for approximately $2.24.

How much money does CEMIG make?

CEMIG (NYSE:CIG) has a market capitalization of $4.93 billion and generates $6.24 billion in revenue each year. The utilities provider earns $695.06 million in net income (profit) each year or $0.2185 on an earnings per share basis.

How many employees does CEMIG have?

The company employs 5,025 workers across the globe.

How can I contact CEMIG?

CEMIG's mailing address is AVENIDA BARBACENA 1200, BELO HORIZONTE D5, 10019. The official website for the company is www.cemig.com.br. The utilities provider can be reached via phone at 55-31-3506-5024 or via email at ri@cemig.com.

This page (NYSE:CIG) was last updated on 2/1/2023 by MarketBeat.com Staff