NYSE:CIG

CEMIG - CIG Stock Forecast, Price & News

$2.20

-0.04 (-1.79%)

(As of 02/1/2023 10:04 AM ET)

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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

Institutional Ownership

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

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for CEMIG.

5.0

Short Interest

Percentage of Shares Shorted
0.11% of the outstanding shares of CEMIG have been sold short.
Short Interest Ratio / Days to Cover
CEMIG 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 month
Short interest in CEMIG has recently decreased by 36.25%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
CEMIG pays a meaningful dividend of 1.81%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
CEMIG does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of CEMIG is 18.31%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based 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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CIG.

1.9

News and Social Media Coverage

News Sentiment
CEMIG 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 Week
MarketBeat has tracked 1 news article for CEMIG this week, compared to 0 articles on an average week.
Search Interest
Only 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 Follows
Only 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.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CEMIG insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 3.02% of the stock of CEMIG is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
CEMIG 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.

See Top Rated MarketRank™ Stocks Here

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

December 25, 2022 | investing.com

Energy of Minas Gerais Co (CIG)

October 16, 2022 | nypost.com

This is why cigarette ashtrays are still on planes

February 1, 2023 | Investing Trends (Ad)

New "Vertical" Technology Solves Solar Power's Major Flaw

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October 3, 2022 | finance.yahoo.com

Markets cheer Bolsonaro's strong showing in Brazil vote - Yahoo Finance

September 28, 2022 | nasdaq.com

Is Vident International Equity ETF (VIDI) a Strong ETF Right Now? - Nasdaq

September 25, 2022 | theglobeandmail.com

Warning: Thinking too much about cigarettes may cause confusion

September 21, 2022 | reuters.com

Energy of Minas Gerais Co

August 17, 2022 | finance.yahoo.com

Edited Transcript of CMIG4.SA earnings conference call or presentation 16-Aug-22 6:00pm GMT - Yahoo Finance

February 1, 2023 | PressReach (Ad)

Top Lithium Stock To Watch

Today's stock market news features a lithium stock with blue sky potential.

August 17, 2022 | finance.yahoo.com

Companhia Energetica de Minas Gerais (CIG) Q2 2022 Earnings Call Transcript

August 9, 2022 | nasdaq.com

Validea David Dreman Strategy Daily Upgrade Report - 8/9/2022 - Nasdaq

May 19, 2022 | moodys.com

Moody's upgrades CEMIG and its subsidiaries to Ba2; outlook stable - Moody's

May 18, 2022 | nasdaq.com

Sopheon Announces Acquisition Of Solverboard - Quick Facts - Nasdaq

May 18, 2022 | fool.com

Companhia Energetica de Minas Gerais (CIG) Q1 2022 Earnings Call Transcript - The Motley Fool

May 18, 2022 | fool.com

Companhia Energetica de Minas Gerais (CIG) Q1 2022 Earnings Call Transcript

May 14, 2022 | in.investing.com

CEMIG Pref ADR earnings, Revenue beat in Q1 - Investing.com India

May 14, 2022 | investing.com

CEMIG ADR Earnings, Revenue Beat in Q1 By Investing.com - Investing.com

May 14, 2022 | investing.com

CEMIG Pref ADR Earnings, Revenue Beat in Q1 By Investing.com - Investing.com

May 8, 2022 | nasdaq.com

6 A-Rated Penny Stocks to Buy In May - Nasdaq

May 6, 2022 | investorplace.com

6 A-Rated Penny Stocks to Buy In May - InvestorPlace

April 30, 2022 | seekingalpha.com

Companhia Energética de Minas Gerais goes ex-dividend on Monday

April 22, 2022 | nasdaq.com

Validea David Dreman Strategy Daily Upgrade Report - 4/22/2022 - Nasdaq

April 8, 2022 | reuters.com

Brazil's Cemig to acquire 49% stake in 6 solar plants - Reuters.com

March 30, 2022 | fool.com

Companhia Energetica de Minas Gerais (CIG) Q4 2021 Earnings Call Transcript - The Motley Fool

March 30, 2022 | finance.yahoo.com

Companhia Energetica de Minas Gerais (CIG) Q4 2021 Earnings Call Transcript

March 30, 2022 | investing.com

CEMIG ADR Earnings Beat, Revenue Misses In Q1 By Investing.com - Investing.com

March 30, 2022 | investing.com

CEMIG Pref ADR Earnings Beat, Revenue Misses In Q1 By Investing.com - Investing.com

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30 days | 90 days | 365 days | Advanced Chart

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CIG Company Calendar

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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electric services
Sub-Industry: N/A
Sector: Utilities
Current Symbol: NYSE:CIG
CUSIP: N/A
CIK: 1157557
Web: www.cemig.com.br
Phone: 55-31-3506-5024
Fax: N/A
Employees: 5,025
Year Founded: 1952

Profitability

EPS (Most Recent Fiscal Year): $0.2185
Trailing P/E Ratio: 10.07
Forward P/E Ratio: 7.33
P/E Growth: N/A
Net Income: $695.06 million
Net Margins: 8.05%
Pretax Margin: 7.19%
Return on Equity: 13.90%
Return on Assets: 5.36%

Debt

Debt-to-Equity Ratio: 0.51
Current Ratio: 1.25
Quick Ratio: 1.24

Sales & Book Value

Annual Sales: $6.24 billion
Price / Sales: 0.78
Cash Flow: $0.42 per share
Price / Cash Flow: 5.27
Book Value: $1.64 per share
Price / Book: 1.34

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

Key Competitors

View All Competitors

Insiders & Institutions

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

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CEMIG - CIG Stock Forecast, Price & News

CEMIG MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About CEMIG (NYSE:CIG) Stock

CIG Stock News Headlines

CIG Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

CIG Stock - Frequently Asked Questions

Overall MarketRank^™