NYSE:CIGCEMIG Stock Price, Forecast & News Adding Choose a 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. Log In and Add $1.82 +0.13 (+7.69 %) (As of 04/9/2020 04:00 PM ET) Add Compare Share Today's Range$1.76Now: $1.82▼$1.8650-Day Range$1.48MA: $2.36▼$3.4152-Week Range$1.44Now: $1.82▼$4.11Volume6.98 million shsAverage Volume4.38 million shsMarket Capitalization$2.65 billionP/E Ratio7.28Dividend Yield3.55%Beta0.77 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 0.0 Analyst's Opinion Consensus RatingThere is not enough analysis data for CEMIG. Previous Next 2.1 Community Rank Outperform VotesCEMIG has received 235 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCEMIG has received 334 “underperform” votes. (Add your “underperform” vote.)Community SentimentCEMIG has received 58.70% “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. Previous Next 2.5 Dividend Strength Dividend LeadershipCEMIG is a leading dividend payer. It pays a dividend yield of 3.55%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCEMIG does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of CEMIG is 24.00 %. This payout ratio is at a healthy, sustainable level, below 75%. 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 1.16% of the stock of CEMIG is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for CEMIG are expected to decrease by -100.00% in the coming year, from $0.34 to $0.00 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of CEMIG is 7.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 12.55.Price to Earnings Ratio vs. SectorThe P/E ratio of CEMIG is 7.28, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 30.06.Price to Book Value per Share RatioCEMIG has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.0Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.30 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 Webhttp://www.cemig.com.br/ Phone55-31-3506-3711Debt Debt-to-Equity Ratio0.73 Current Ratio1.32 Quick Ratio1.32Price-To-Earnings Trailing P/E Ratio7.28 Forward P/E Ratio5.35 P/E GrowthN/A Sales & Book Value Annual Sales$5.91 billion Price / Sales0.45 Cash Flow$0.46 per share Price / Cash Flow4.00 Book Value$2.99 per share Price / Book0.61Profitability EPS (Most Recent Fiscal Year)$0.25 Net Income$476.61 million Net Margins15.28% Return on Equity24.98% Return on Assets7.30%Miscellaneous Employees6,083 Outstanding Shares1,458,750,000Market Cap$2.65 billion Next Earnings Date5/21/2020 (Estimated) OptionableOptionable Receive CIG News and Ratings via Email Sign-up to receive the latest news and ratings for CIG and its competitors with MarketBeat's FREE daily newsletter. CIG Rates by TradingView 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CIG stock has decreased by 24.5% and is now trading at $1.82. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of CEMIG? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CEMIG in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CEMIG. When is CEMIG's next earnings date? CEMIG is scheduled to release its next quarterly earnings announcement on Thursday, May 21st 2020. View our earnings forecast for CEMIG. Has CEMIG been receiving favorable news coverage? Media stories about CIG stock have been trending very negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. CEMIG earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave media stories 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 stock's share price in the next several days. View the latest news aboutCEMIG. Are investors shorting CEMIG? CEMIG saw a drop in short interest in February. As of February 28th, there was short interest totaling 3,730,000 shares, a drop of 9.5% from the February 13th total of 4,120,000 shares. Based on an average daily volume of 3,910,000 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the company's shares are sold short. 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), Enel Americas (ENIA), CenterPoint Energy (CNP), RED ELECTRICA C/ADR (RDEIY), Pinnacle West Capital (PNW), Brookfield Renewable Partners (BEP), Vistra Energy (VST), Algonquin Power & Utilities (AQN), NRG Energy (NRG), CENTRAIS ELETRI/S (EBR.B), ENGIE BRASIL EN/S (EGIEY), CENTRAIS ELETRI/S (EBR), OGE Energy (OGE), CHINA RESOURES/ADR (CRPJY) and Huaneng Power International Inc ADR Class N (HNP). What other stocks do shareholders of CEMIG own? Based on aggregate information from My MarketBeat watchlists, some companies that other CEMIG investors own include Vale (VALE), Enterprise Products Partners (EPD), Beazer Homes USA (BZH), PETROLEO BRASIL/ADR (PBR), Ford Motor (F), General Electric (GE), Frontline (FRO), Energy Transfer LP Unit (ET), HollyFrontier (HFC) and Transocean (RIG). 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. BoardMr. Franklin Moreira Gonçalves, Chief Generation & Transmission Officer and Member of Exec. Board (Age 48)Mr. Daniel Faria Costa, Chief Trading Officer & Member of Exec. BoardMr. 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." 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 $1.82. How big of a company is CEMIG? CEMIG has a market capitalization of $2.65 billion and generates $5.91 billion in revenue each year. The utilities provider earns $476.61 million in net income (profit) each year or $0.25 on an earnings per share basis. CEMIG employs 6,083 workers across the globe. View additional information about CEMIG. What is CEMIG's official website? The official website for CEMIG is http://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 4/9/2020 by MarketBeat.com StaffFeatured Article: How to Invest in Marijuana Stocks
