CEMIG Stock Forecast, Price & News

CEMIG (NYSE:CIG) Frequently Asked Questions

Is CEMIG a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CEMIG in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CEMIG stock.
View analyst ratings for CEMIG or view top-rated stocks.

How has CEMIG's stock price been impacted by COVID-19?

CEMIG's stock was trading at $2.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CIG shares have decreased by 2.5% and is now trading at $2.35.
View which stocks have been most impacted by COVID-19.

Are investors shorting CEMIG?

CEMIG saw a increase in short interest in the month of October. As of October 29th, there was short interest totaling 5,910,000 shares, an increase of 25.5% from the October 14th total of 4,710,000 shares. Based on an average daily trading volume, of 6,720,000 shares, the short-interest ratio is currently 0.9 days.
View CEMIG's Short Interest.

When is CEMIG's next earnings date?

CEMIG is scheduled to release its next quarterly earnings announcement on Friday, December 3rd 2021.
View our earnings forecast for CEMIG.

Is CEMIG a good dividend stock?

CEMIG pays an annual dividend of $0.16 per share and currently has a dividend yield of 6.75%. CIG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of CEMIG is 35.26%. This payout ratio is at a healthy, sustainable level, below 75%.
View CEMIG's dividend history.

What price target have analysts set for CIG?

2 Wall Street analysts have issued 12 month price targets for CEMIG's stock. Their forecasts range from $17.00 to $17.00. On average, they anticipate CEMIG's share price to reach $17.00 in the next year. This suggests a possible upside of 623.4% from the stock's current price.
View analysts' price targets for CEMIG or view top-rated stocks among Wall Street analysts.

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. 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

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

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

Who are some of CEMIG's key competitors?

Some companies that are related to CEMIG include CenterPoint Energy (CNP), China Resources Power (CRPJY), Tenaga Nasional Berhad (TNABY), Korea Electric Power (KEP), Red Eléctrica Corporación (RDEIY), Brookfield Renewable Partners (BEP), Enel Américas (ENIA), Vistra (VST), Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR), Algonquin Power & Utilities (AQN), NRG Energy (NRG), Clearway Energy (CWEN), Pinnacle West Capital (PNW), OGE Energy (OGE) and NextEra Energy Partners (NEP).
View all of CIG's competitors.

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."

Who are CEMIG's major shareholders?

CEMIG's stock is owned by a number of institutional and retail investors. Top institutional investors include Citadel Advisors LLC (0.00%), US Bancorp DE (0.00%), Mitsubishi UFJ Trust & Banking Corp (0.00%) and Comerica Bank (0.00%).

Which institutional investors are selling CEMIG stock?

CIG stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Comerica Bank, and Mitsubishi UFJ Trust & Banking Corp.

Which institutional investors are buying CEMIG stock?

CIG stock was bought by a variety of institutional investors in the last quarter, including US Bancorp DE.

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 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 $2.35.

How much money does CEMIG make?

CEMIG has a market capitalization of $4.44 billion and generates $4.90 billion in revenue each year. The utilities provider earns $555.62 million in net income (profit) each year or $0.4538 on an earnings per share basis.

How many employees does CEMIG have?

CEMIG employs 5,254 workers across the globe.

When was CEMIG founded?

CEMIG was founded in 1952.

What is CEMIG's official website?

The official website for CEMIG is www.cemig.com.br.

Where are CEMIG's headquarters?

CEMIG is headquartered at AVENIDA BARBACENA 1200, BELO HORIZONTE D5, 10019.

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 55-31-3506-5024 or via email at [email protected].