Shares of CEMIG (NYSE:CIG - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $1.72, but opened at $1.76. CEMIG shares last traded at $1.73, with a volume of 118,604 shares trading hands.
Wall Street Analysts Forecast Growth
CIG has been the subject of several research reports. Bank of America cut shares of CEMIG from a "neutral" rating to an "underperform" rating in a report on Tuesday, April 1st. HSBC downgraded shares of CEMIG from a "buy" rating to a "hold" rating in a research report on Friday, January 10th. Finally, Hsbc Global Res raised shares of CEMIG to a "hold" rating in a research report on Friday, January 10th.
Read Our Latest Report on CIG
CEMIG Stock Down 3.8 %
The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $4.65 billion, a P/E ratio of 3.05 and a beta of 1.01. The company's 50-day moving average price is $1.88 and its 200 day moving average price is $1.90.
CEMIG Cuts Dividend
The firm also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a dividend of $0.033 per share. The ex-dividend date was Monday, March 31st. CEMIG's dividend payout ratio (DPR) is presently 25.93%.
CEMIG Company Profile
(
Get Free Report)
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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