NYSE:CIG CEMIG (CIG) Stock Price, News & Analysis $2.11 -0.01 (-0.47%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$2.10▼$2.1450-Day Range$1.76▼$2.1952-Week Range$1.62▼$2.19Volume2.20 million shsAverage Volume2.49 million shsMarket Capitalization$6.04 billionP/E Ratio5.28Dividend Yield8.06%Price Target$2.12 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get CEMIG alerts: Email Address CEMIG MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside0.3% Upside$2.12 Price TargetShort InterestHealthy0.21% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-22.22%From $0.36 to $0.28 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.71 out of 5 starsUtilities Sector71st out of 93 stocksElectric Services Industry34th out of 46 stocks 1.3 Analyst's Opinion Consensus RatingCEMIG has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Amount of Analyst CoverageCEMIG has received no research coverage in the past 90 days.Read more about CEMIG's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.21% of the outstanding shares of CEMIG have been sold short.Short Interest Ratio / Days to CoverCEMIG has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in CEMIG has recently increased by 14.40%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCEMIG is a leading dividend payer. It pays a dividend yield of 8.40%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCEMIG does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of CEMIG is 42.50%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased 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.Read more about CEMIG's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CIG. Previous Next 2.8 News and Social Media Coverage News SentimentCEMIG has a news sentiment score of 1.05. 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 higher news sentiment than the 0.56 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 1 news article for CEMIG this week, compared to 1 article on an average week.Search InterestOnly 4 people have searched for CIG on MarketBeat in the last 30 days. This is a decrease of -73% compared to the previous 30 days.MarketBeat Follows3 people have added CEMIG to their MarketBeat watchlist in the last 30 days. Previous Next N/A Company Ownership Insider Buying vs. Insider SellingIn the past three months, CEMIG insiders have not sold or bought any company stock.Read more about CEMIG's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of CEMIG is 5.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.08.Price to Earnings Ratio vs. SectorThe P/E ratio of CEMIG is 5.28, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 89.11.Price to Book Value per Share RatioCEMIG has a P/B Ratio of 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about CEMIG's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Golden CrestBiden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.>> Get Your FREE Wealth Protection Guide << About CEMIG Stock (NYSE:CIG)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.Read More CIG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CIG Stock News HeadlinesSeptember 4 at 11:24 PM | seekingalpha.comCemig: A Solid Pick For Dividends In BrazilAugust 31, 2024 | americanbankingnews.comCEMIG (NYSE:CIG) Sees Large Increase in Short InterestSeptember 7, 2024 | Weiss Ratings (Ad)“Fed Proof” Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.August 24, 2024 | es.investing.comInforme de resultados: Cemig informa de su crecimiento y detalla su estrategia de inversiónAugust 24, 2024 | sg.finance.yahoo.comCompanhia Energética de Minas Gerais - CEMIG (CIGN.MX)August 18, 2024 | nz.finance.yahoo.comAmeren Corp (AE4.MU)August 12, 2024 | markets.businessinsider.comCompanhia Energetica de Minas Gerais - CEMIG earnings: here's what to expectAugust 12, 2024 | markets.businessinsider.comHere's what to expect from Companhia Energetica de Minas Gerais - CEMIG (spons ADRs)'s earnings reportSeptember 7, 2024 | Weiss Ratings (Ad)“Fed Proof” Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.May 24, 2024 | seekingalpha.comCEMIG Q1: Lukewarm Results And Few Updates Regarding RisksApril 30, 2024 | prnewswire.comCEMIG Files 2023 Form 20-FApril 3, 2024 | dailymail.co.ukLow-tar cigarettes no betterMarch 27, 2024 | abcnews.go.comNew Zealand will ban disposable e-cigarettes in bid to stop minors taking up habitMarch 27, 2024 | seekingalpha.comCEMIG: Remote Chance Of Federalization Opens Up A Great Buying PointMarch 25, 2024 | finance.yahoo.comCompanhia Energética de Minas Gerais (NYSE:CIG) Q4 2023 Earnings Call TranscriptMarch 24, 2024 | seekingalpha.comCompanhia Energética de Minas Gerais - CEMIG (CIG) Q4 2023 Earnings Call TranscriptMarch 22, 2024 | seekingalpha.comCompanhia Energética de Minas Gerais - CEMIG 2023 Q4 - Results - Earnings Call PresentationMarch 19, 2024 | finance.yahoo.comCIG Apr 2024 2.500 putSee More Headlines Receive CIG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for CEMIG and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 7/1 Dividend7/01/2024Dividend Payable7/01/2024Last Earnings8/13/2024Ex-Dividend for 9/9 Dividend8/26/2024Today9/07/2024Dividend Payable9/09/2024Next Earnings (Estimated)11/05/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorUtilities Industry Electric services Sub-IndustryN/A Current SymbolNYSE:CIG CUSIPN/A CIK1157557 Webwww.cemig.com.br Phone55-31-3506-5024FaxN/AEmployees4,917Year Founded1952Price Target and Rating Average Stock Price Target$2.12 High Stock Price Target$2.23 Low Stock Price Target$2.00 Potential Upside/Downside+0.3%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.40 Trailing P/E Ratio5.28 Forward P/E Ratio5.86 P/E GrowthN/ANet Income$1.15 billion Net Margins15.70% Pretax Margin17.71% Return on Equity21.58% Return on Assets9.53% Debt Debt-to-Equity Ratio0.36 Current Ratio1.15 Quick Ratio1.15 Sales & Book Value Annual Sales$37.27 billion Price / Sales0.16 Cash Flow$0.51 per share Price / Cash Flow4.16 Book Value$1.73 per share Price / Book1.22Miscellaneous Outstanding Shares2,861,782,000Free FloatN/AMarket Cap$6.04 billion OptionableOptionable Beta1.29 Social Links 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. 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. BoardMr. Franklin Moreira Gonçalves (Age 48)Chief Generation & Transmission Officer and Member of Exec. Board Mr. Daniel Faria CostaChief Trading Officer & Member of Exec. BoardMr. José de Araújo Lins NetoChief Corp. Management Officer & Member of Exec. BoardKey CompetitorsEversource EnergyNYSE:ESPPLNYSE:PPLFortisNYSE:FTSCenterPoint EnergyNYSE:CNPCentrais Elétricas Brasileiras S.A. - EletrobrásNYSE:EBRView All CompetitorsInstitutional OwnershipMarshall Wace LLPSold 40,369 shares on 8/14/2024Ownership: 0.024%View All Institutional Transactions CIG Stock Analysis - Frequently Asked Questions How have CIG shares performed this year? CEMIG's stock was trading at $1.7846 at the beginning of the year. Since then, CIG shares have increased by 18.2% and is now trading at $2.11. View the best growth stocks for 2024 here. How were CEMIG's earnings last quarter? CEMIG (NYSE:CIG) released its quarterly earnings results on Tuesday, August, 13th. The utilities provider reported $0.07 EPS for the quarter. The utilities provider earned $1.81 billion during the quarter. CEMIG had a net margin of 15.70% and a trailing twelve-month return on equity of 21.58%. When did CEMIG's stock split? Shares of CEMIG split on the morning of Friday, May 24th 2024. The 130-100 split was announced on Friday, May 24th 2024. The newly created shares were distributed to shareholders after the market closes on Friday, May 24th 2024. An investor that had 100 shares of stock prior to the split would have 130 shares after the split. 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. Who are CEMIG's major shareholders? Top institutional shareholders of CEMIG include Marshall Wace LLP (0.02%). 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 Enterprise Products Partners (EPD), Vale (VALE), Petróleo Brasileiro S.A. - Petrobras (PBR), CBL & Associates Properties (CBL), General Electric (GE), Ford Motor (F) and Pfizer (PFE). 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