NYSE:CIG CEMIG - CIG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding CEMIG Please log in to your account or sign up in order to add this asset to your watchlist. $2.20 -0.04 (-1.79%) (As of 02/1/2023 10:04 AM ET) Add Compare Share Share Today's Range$2.20▼$2.2350-Day Range$1.92▼$2.2752-Week Range$1.82▼$2.62Volume212,228 shsAverage Volume5.20 million shsMarket Capitalization$4.84 billionP/E Ratio10.07Dividend Yield1.81%Price TargetN/A ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media CEMIG MarketRank™ ForecastAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy0.11% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-3.33%From $0.30 to $0.29 Per ShareSee Full Details Hide Full Details 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 starsUtilities Sector67th out of 84 stocksElectric Services Industry29th out of 40 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for CEMIG. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.11% of the outstanding shares of CEMIG have been sold short.Short Interest Ratio / Days to CoverCEMIG has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in CEMIG has recently decreased by 36.25%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldCEMIG pays a meaningful dividend of 1.81%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCEMIG does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of CEMIG is 18.31%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, CEMIG will have a dividend payout ratio of 13.79% next year. This indicates that CEMIG will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CIG. Previous Next 1.9 News and Social Media Coverage News SentimentCEMIG has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Utilities companies.News Coverage This WeekMarketBeat has tracked 1 news article for CEMIG this week, compared to 0 articles on an average week.Search InterestOnly 2 people have searched for CIG on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added CEMIG to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, CEMIG insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 3.02% of the stock of CEMIG is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for CEMIG are expected to decrease by -3.33% in the coming year, from $0.30 to $0.29 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of CEMIG is 10.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.25.Price to Earnings Ratio vs. SectorThe P/E ratio of CEMIG is 10.25, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 96.09.Price to Book Value per Share RatioCEMIG has a P/B Ratio of 1.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About CEMIG (NYSE:CIG) StockCompanhia 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.Read More Receive CIG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for CEMIG and its competitors with MarketBeat's FREE daily newsletter. Email Address CIG Stock News HeadlinesDecember 25, 2022 | investing.comEnergy of Minas Gerais Co (CIG)October 16, 2022 | nypost.comThis is why cigarette ashtrays are still on planesFebruary 1, 2023 | Investing Trends (Ad)New "Vertical" Technology Solves Solar Power's Major FlawEven 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.October 3, 2022 | finance.yahoo.comMarkets cheer Bolsonaro's strong showing in Brazil vote - Yahoo FinanceSeptember 28, 2022 | nasdaq.comIs Vident International Equity ETF (VIDI) a Strong ETF Right Now? - NasdaqSeptember 25, 2022 | theglobeandmail.comWarning: Thinking too much about cigarettes may cause confusionSeptember 21, 2022 | reuters.comEnergy of Minas Gerais CoAugust 17, 2022 | finance.yahoo.comEdited Transcript of CMIG4.SA earnings conference call or presentation 16-Aug-22 6:00pm GMT - Yahoo FinanceFebruary 1, 2023 | PressReach (Ad)Top Lithium Stock To WatchToday's stock market news features a lithium stock with blue sky potential.August 17, 2022 | finance.yahoo.comCompanhia Energetica de Minas Gerais (CIG) Q2 2022 Earnings Call TranscriptAugust 9, 2022 | nasdaq.comValidea David Dreman Strategy Daily Upgrade Report - 8/9/2022 - NasdaqMay 19, 2022 | moodys.comMoody's upgrades CEMIG and its subsidiaries to Ba2; outlook stable - Moody'sMay 18, 2022 | nasdaq.comSopheon Announces Acquisition Of Solverboard - Quick Facts - NasdaqMay 18, 2022 | fool.comCompanhia Energetica de Minas Gerais (CIG) Q1 2022 Earnings Call Transcript - The Motley FoolMay 18, 2022 | fool.comCompanhia Energetica de Minas Gerais (CIG) Q1 2022 Earnings Call TranscriptMay 14, 2022 | in.investing.comCEMIG Pref ADR earnings, Revenue beat in Q1 - Investing.com IndiaMay 14, 2022 | investing.comCEMIG ADR Earnings, Revenue Beat in Q1 By Investing.com - Investing.comMay 14, 2022 | investing.comCEMIG Pref ADR Earnings, Revenue Beat in Q1 By Investing.com - Investing.comMay 8, 2022 | nasdaq.com6 A-Rated Penny Stocks to Buy In May - NasdaqMay 6, 2022 | investorplace.com6 A-Rated Penny Stocks to Buy In May - InvestorPlaceApril 30, 2022 | seekingalpha.comCompanhia Energética de Minas Gerais goes ex-dividend on MondayApril 22, 2022 | nasdaq.comValidea David Dreman Strategy Daily Upgrade Report - 4/22/2022 - NasdaqApril 8, 2022 | reuters.comBrazil's Cemig to acquire 49% stake in 6 solar plants - Reuters.comMarch 30, 2022 | fool.comCompanhia Energetica de Minas Gerais (CIG) Q4 2021 Earnings Call Transcript - The Motley FoolMarch 30, 2022 | finance.yahoo.comCompanhia Energetica de Minas Gerais (CIG) Q4 2021 Earnings Call TranscriptMarch 30, 2022 | investing.comCEMIG ADR Earnings Beat, Revenue Misses In Q1 By Investing.com - Investing.comMarch 30, 2022 | investing.comCEMIG Pref ADR Earnings Beat, Revenue Misses In Q1 By Investing.com - Investing.comSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CIG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for CEMIG and its competitors with MarketBeat's FREE daily newsletter. Email Address CIG Company Calendar Today2/01/2023Next Earnings (Estimated)5/15/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryN/A SectorUtilities Current SymbolNYSE:CIG CUSIPN/A CIK1157557 Webwww.cemig.com.br Phone55-31-3506-5024FaxN/AEmployees5,025Year Founded1952Profitability EPS (Most Recent Fiscal Year)$0.2185 Trailing P/E Ratio10.07 Forward P/E Ratio7.33 P/E GrowthN/ANet Income$695.06 million Net Margins8.05% Pretax Margin7.19% Return on Equity13.90% Return on Assets5.36% Debt Debt-to-Equity Ratio0.51 Current Ratio1.25 Quick Ratio1.24 Sales & Book Value Annual Sales$6.24 billion Price / Sales0.78 Cash Flow$0.42 per share Price / Cash Flow5.27 Book Value$1.64 per share Price / Book1.34Miscellaneous Outstanding Shares2,201,370,000Free FloatN/AMarket Cap$4.84 billion OptionableOptionable Beta0.67 Social Links Key ExecutivesMr. 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. BoardMr. Franklin Moreira Gonçalves (Age 48)Chief Generation & Transmission Officer and Member of Exec. Board Mr. Daniel Faria CostaChief Trading Officer & Member of Exec. BoardMr. José de Araújo Lins NetoChief Corp. Management Officer & Member of Exec. BoardKey CompetitorsAlgonquin Power & UtilitiesNYSE:AQNIDACORPNYSE:IDABlack HillsNYSE:BKHHawaiian Electric IndustriesNYSE:HEPNM ResourcesNYSE:PNMView All CompetitorsInsiders & InstitutionsMarshall Wace LLPBought 2,123,356 shares on 11/15/2022Ownership: 0.096%Mitsubishi UFJ Trust & Banking CorpBought 5,229 shares on 11/10/2022Ownership: 0.002%Group One Trading L.P.Bought 700 shares on 11/9/2022Ownership: 0.000%View All Institutional Transactions 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? Based on aggregate information from My MarketBeat watchlists, some companies that other CEMIG investors own include Enterprise Products Partners (EPD), Vale (VALE), Petróleo Brasileiro S.A. - Petrobras (PBR), CBL & Associates Properties (CBL), General Electric (GE), Ford Motor (F), Pfizer (PFE), Rigel Pharmaceuticals (RIGL), Energy Transfer (ET) and New Residential Investment (NRZ). 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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