CEMIG (NYSE:CIG - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.96 and traded as high as $1.97. CEMIG shares last traded at $1.97, with a volume of 832,951 shares traded.
Analyst Ratings Changes
Separately, Scotiabank initiated coverage on CEMIG in a report on Thursday, October 31st. They set a "sector perform" rating on the stock.
Get Our Latest Stock Report on CEMIG
CEMIG Stock Performance
The stock has a 50 day moving average of $2.02 and a 200 day moving average of $1.96. The stock has a market capitalization of $5.52 billion, a P/E ratio of 4.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 0.96.
CEMIG (NYSE:CIG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $1.81 billion for the quarter. CEMIG had a net margin of 15.70% and a return on equity of 21.49%. Equities analysts predict that CEMIG will post 0.36 EPS for the current year.
CEMIG Increases Dividend
The business also recently declared a dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were issued a $0.0908 dividend. The ex-dividend date was Monday, August 26th. This is an increase from CEMIG's previous dividend of $0.03. CEMIG's dividend payout ratio is 40.70%.
CEMIG Company Profile
(
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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.
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