CEMIG (CIG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $1.96 to $2.00
• 50-Day Range: $1.90 to $2.12
• 52-Week Range: $1.62 to $2.19
• Volume: 2.40 million shs
• Average Volume: 2.37 million shs
• Market Capitalization: $5.69 billion
• P/E Ratio: 4.76
• Dividend Yield: 8.54%
• Price Target: $2.00
• Consensus Rating: Hold

CEMIG Stock Analysis - MarketRank™

CEMIG scored higher than 34% of companies evaluated by MarketBeat, and ranked 78th out of 92 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

CEMIG has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

CEMIG has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -22.22%

Earnings Growth

Earnings for CEMIG are expected to decrease by -22.22% in the coming year, from $0.36 to $0.28 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CEMIG is 4.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of CEMIG is 4.76, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 101.26.

Price to Book Value per Share Ratio

CEMIG has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.14% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CEMIG has recently increased by 1.50%, indicating that investor sentiment is decreasing.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

CEMIG is a leading dividend payer. It pays a dividend yield of 8.67%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

CEMIG does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of CEMIG is 40.48%. 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 60.71% next year. This indicates that CEMIG will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.14% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CEMIG has recently increased by 1.50%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.62

News Sentiment

CEMIG has a news sentiment score of 0.62. 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 is a lower news sentiment than the 0.73 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for CEMIG this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for CIG on MarketBeat in the last 30 days. This is a decrease of -86% compared to the previous 30 days.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, CEMIG insiders have not sold or bought any company stock.

CIG Stock Analysis - Frequently Asked Questions

How have CIG shares performed this year?

CEMIG's stock was trading at $1.7846 at the start of the year. Since then, CIG shares have increased by 11.5% and is now trading at $1.99.
View the best growth stocks for 2024 here.

When did CEMIG's stock split?

CEMIG's stock split on Friday, May 24th 2024. The 130-100 split was announced on Friday, May 24th 2024. The newly minted shares were distributed to shareholders after the closing bell on Friday, May 24th 2024. An investor that had 100 shares of stock prior to the split would have 130 shares after the split.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CEMIG own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CEMIG investors own include General Electric (GE), Petróleo Brasileiro S.A. - Petrobras (PBR), Pfizer (PFE), Valero Energy (VLO), Meta Platforms (META), Delta Air Lines (DAL) and Broadcom (AVGO).

Company Calendar

• Ex-Dividend for 9/9 Dividend: 8/26/2024
• Dividend Payable: 9/09/2024
• Today: 11/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric services
• Sub-Industry: N/A
• Current Symbol: NYSE:CIG
• CUSIP: N/A
• CIK: 1157557
• Web: www.cemig.com.br
• Phone: 55-31-3506-5024
• Fax: N/A
• Employees: 4,917
• Year Founded: 1952

Price Target and Rating

• Average Stock Price Target: $2.00
• High Stock Price Target: $2.00
• Low Stock Price Target: $2.00
• Potential Upside/Downside: +0.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.42
• Trailing P/E Ratio: 4.76
• Forward P/E Ratio: 5.53
• P/E Growth: N/A
• Net Income: $1.15 billion
• Net Margins: 15.70%
• Pretax Margin: 18.78%
• Return on Equity: 21.49%
• Return on Assets: 9.64%

Debt

• Debt-to-Equity Ratio: 0.28
• Current Ratio: 0.96
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $37.75 billion
• Price / Sales: 0.15
• Cash Flow: $0.49 per share
• Price / Cash Flow: 4.04
• Book Value: $1.73 per share
• Price / Book: 1.15

Miscellaneous

• Outstanding Shares: 2,861,782,000
• Free Float: N/A
• Market Cap: $5.69 billion
• Optionable: Optionable
• Beta: 1.30