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Stock market today: World shares are mostly higher after S&P 500 sets another record
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A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
NYSE:CIG

CEMIG (CIG) Stock Price, News & Analysis

$2.52
+0.04 (+1.62%)
(As of 03/27/2024 ET)
Today's Range
$2.43
$2.52
50-Day Range
$2.21
$2.52
52-Week Range
$2.08
$2.75
Volume
4.07 million shs
Average Volume
2.70 million shs
Market Capitalization
N/A
P/E Ratio
5.47
Dividend Yield
7.55%
Price Target
$2.75

CEMIG MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
9.3% Upside
$2.75 Price Target
Short Interest
Healthy
0.07% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.10mentions of CEMIG in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-15.56%
From $0.45 to $0.38 Per Share

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.

2.53 out of 5 stars

CIG stock logo

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.

CIG Stock Price History

CIG Stock News Headlines

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CIG Apr 2024 2.500 put
Buy Friday, Sell Monday, No Exceptions
Every week traders grind it out Monday through Friday… But neglect trading Friday to Monday… Or… “over the weekend” As one professional trader explains, trading over the weekend is one of the most forgiving strategies you can use today. It allows him to sidestep a lot of the midweek volatility. Yet, gives him the opportunity to target some of the markets biggest stock moves. Just recently, he posted a trade on Nordstrom… The trade was published at 3pm on a Friday afternoon and by Monday morning the trade more than doubled.
CIG Sep 2024 2.500 call
CIG Jun 2024 1.500 call
Cia Energetica DE Minas Gerais - Cemig ADR CIG.C
Cia Energetica DE Minas Gerais - Cemig ADR
Cia Energetica DE Minas Gerais - Cemig's Dividend Analysis
3 Reasons Growth Investors Will Love Cemig (CIG)
Here is Why Growth Investors Should Buy Cemig (CIG) Now
Cemig downgraded to Neutral from Buy at BofA
CIG Companhia Energética de Minas Gerais - CEMIG
ELLO and CIG are among utility movers
See More Headlines
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Company Calendar

Dividend Payable
3/27/2024
Today
3/28/2024
Ex-Dividend for 3/27 Dividend
3/28/2024
Next Earnings (Estimated)
5/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
N/A
Fax
N/A
Employees
4,969
Year Founded
1952

Price Target and Rating

Average Stock Price Target
$2.75
High Stock Price Target
$2.90
Low Stock Price Target
$2.60
Potential Upside/Downside
+9.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$792.62 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$35.87 billion
Cash Flow
$0.47 per share
Book Value
$1.92 per share

Miscellaneous

Outstanding Shares
2,201,370,000
Free Float
N/A
Market Cap
$5.54 billion
Optionable
Optionable
Beta
1.23

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Key Executives

  • Mr. 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. Board
  • Mr. Franklin Moreira Gonçalves (Age 48)
    Chief Generation & Transmission Officer and Member of Exec. Board
  • 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

CIG Stock Analysis - Frequently Asked Questions

Should I buy or sell CEMIG stock right now?

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

What is CEMIG's stock price target for 2024?

4 brokerages have issued 12-month price targets for CEMIG's stock. Their CIG share price targets range from $2.60 to $2.90. On average, they predict the company's stock price to reach $2.75 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price.
View analysts price targets for CIG
or view top-rated stocks among Wall Street analysts.

How have CIG shares performed in 2024?

CEMIG's stock was trading at $2.32 at the beginning of 2024. Since then, CIG stock has increased by 8.4% and is now trading at $2.5150.
View the best growth stocks for 2024 here
.

Are investors shorting CEMIG?

CEMIG saw a decline in short interest in March. As of March 15th, there was short interest totaling 1,440,000 shares, a decline of 5.9% from the February 29th total of 1,530,000 shares. Based on an average trading volume of 2,470,000 shares, the short-interest ratio is currently 0.6 days.
View CEMIG's Short Interest
.

When is CEMIG's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024.
View our CIG earnings forecast
.

How often does CEMIG pay dividends? What is the dividend yield for CEMIG?

CEMIG declared a dividend on Friday, March 22nd. Stockholders of record on Monday, April 1st will be given a dividend of $0.0352 per share on Wednesday, March 27th. The ex-dividend date is Thursday, March 28th.
Read our dividend analysis for CIG
.

Is CEMIG a good dividend stock?

CEMIG (NYSE:CIG) pays an annual dividend of $0.19 per share and currently has a dividend yield of 8.00%. CIG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 41.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIG will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIG.

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.

What other stocks do shareholders of CEMIG own?
Who are CEMIG's major shareholders?

CEMIG's stock is owned by a number of retail and institutional investors. Top institutional shareholders include SPX Gestao de Recursos Ltda (0.00%), Citadel Advisors LLC (0.00%) and Simplex Trading LLC (0.00%).

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.

This page (NYSE:CIG) was last updated on 3/28/2024 by MarketBeat.com Staff

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