NYSE:CIG CEMIG (CIG) Stock Price, News & Analysis → The Long-Awaited End of America Update (From Stansberry Research) (Ad) Free CIG Stock Alerts $2.59 +0.16 (+6.58%) (As of 05/2/2024 ET) Add Compare Share Share Today's Range$2.50▼$2.6350-Day Range$2.21▼$2.6052-Week Range$2.11▼$2.75Volume2.61 million shsAverage Volume2.44 million shsMarket CapitalizationN/AP/E Ratio5.63Dividend Yield6.95%Price Target$2.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get CEMIG alerts: Email Address CEMIG MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside6.2% Upside$2.75 Price TargetShort InterestHealthyDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.89Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee 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.1.88 out of 5 stars 1.3 Analyst's Opinion Consensus RatingCEMIG has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageCEMIG has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares ShortedShort Interest Ratio / Days to CoverCEMIG has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in CEMIG has recently decreased by 13.64%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipCEMIG is a leading dividend payer. It pays a dividend yield of 7.53%, 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 39.13%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CIG. Previous Next 2.7 News and Social Media Coverage News SentimentCEMIG has a news sentiment score of 0.89. 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 0.42 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 3 news articles for CEMIG this week, compared to 0 articles on an average week.Search InterestOnly 3 people have searched for CIG on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added CEMIG to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 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. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of CEMIG is 5.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.13.Price to Earnings Ratio vs. SectorThe P/E ratio of CEMIG is 5.63, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 82.22.Price to Book Value per Share RatioCEMIG has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceHave You Seen Elon’s New A.I. Device? (Picture Inside)A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. Click here to see this strange device you could be wearing some day. Elon believes A.I. is advancing so fast...This strange new device to protect us against that A.I. threat... 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 HeadlinesMay 1, 2024 | americanbankingnews.comCEMIG (NYSE:CIG) Share Price Crosses Above 200-Day Moving Average of $2.36April 30, 2024 | prnewswire.comCEMIG Files 2023 Form 20-FMay 2, 2024 | Altimetry (Ad)Urgent Nvidia WarningCould Steve Job's 'Final Prophecy' Make You Rich? Just before he died, Steve Jobs issued a "Final Prophecy" that's now coming true... and making some people rich. In one recent 90-day stretch, 50 companies related to Jobs' "Final Prophecy" soared by 100% or more. What was Steve Jobs' last big prediction, and how can you get in on it? Professor Joel Litman explains everything... including the surprising group of stocks moving higher, and his No. 1 favorite stock in this space.April 23, 2024 | americanbankingnews.comCEMIG (NYSE:CIG) Stock Crosses Above 200-Day Moving Average of $2.36April 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 TranscriptMay 2, 2024 | Altimetry (Ad)Urgent Nvidia WarningCould Steve Job's 'Final Prophecy' Make You Rich? Just before he died, Steve Jobs issued a "Final Prophecy" that's now coming true... and making some people rich. In one recent 90-day stretch, 50 companies related to Jobs' "Final Prophecy" soared by 100% or more. What was Steve Jobs' last big prediction, and how can you get in on it? Professor Joel Litman explains everything... including the surprising group of stocks moving higher, and his No. 1 favorite stock in this space.March 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 putMarch 10, 2024 | finance.yahoo.comCIG Sep 2024 2.500 callFebruary 17, 2024 | finance.yahoo.comCIG Jun 2024 1.500 callJanuary 18, 2024 | money.usnews.comCia Energetica DE Minas Gerais - Cemig - ADR (Preference Shares)January 18, 2024 | morningstar.comCia Energetica DE Minas Gerais - Cemig ADR CIG.CJanuary 3, 2024 | morningstar.comCia Energetica DE Minas Gerais - Cemig ADRDecember 22, 2023 | finance.yahoo.comCia Energetica DE Minas Gerais - Cemig's Dividend AnalysisDecember 14, 2023 | finance.yahoo.com3 Reasons Growth Investors Will Love Cemig (CIG)November 28, 2023 | finance.yahoo.comHere is Why Growth Investors Should Buy Cemig (CIG) NowNovember 27, 2023 | msn.comCia Energetica DE Minas Gerais - Cemig - ADR - Level II (CIG.C) Price Target Increased by 19.01% to 4.18November 26, 2023 | realmoney.thestreet.comCemig downgraded to Neutral from Buy at BofANovember 24, 2023 | markets.businessinsider.comB of A Securities Downgrades Cia Energetica DE Minas: Here's What You Need To KnowNovember 23, 2023 | seekingalpha.comCIG Companhia Energética de Minas Gerais - CEMIGNovember 22, 2023 | msn.comELLO and CIG are among utility moversNovember 16, 2023 | bbc.co.ukMan filmed throwing lit cigarette at car in GraysNovember 14, 2023 | finance.yahoo.comCompanhia Energética de Minas Gerais (NYSE:CIG) Q3 2023 Earnings Call TranscriptSee 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 Dividend Payable3/27/2024Ex-Dividend for 3/27 Dividend3/28/2024Today5/02/2024Next Earnings (Estimated)5/02/2024Fiscal 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/AEmployees4,969Year Founded1952Price Target and Rating Average Stock Price Target$2.75 High Stock Price Target$2.90 Low Stock Price Target$2.60 Potential Upside/Downside+9.6%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio5.46 Forward P/E Ratio6.61 P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio0.31 Current Ratio0.91 Quick RatioN/A Sales & Book Value Annual Sales$6.67 billion Price / SalesN/A Cash Flow$0.49 per share Price / Cash Flow5.17 Book Value$1.92 per share Price / Book1.31Miscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableOptionable Beta1.23 Social Links 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.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 CompetitorsKorea Electric PowerNYSE:KEPAdvent TechnologiesNASDAQ:ADNWWCadizNASDAQ:CDZIPClearway EnergyNYSE:CWEN.AClearway EnergyNYSE:CWEN-AView All CompetitorsInstitutional OwnershipSPX Gestao de Recursos LtdaSold 1,771,605 shares on 2/12/2024Ownership: 0.000%Simplex Trading LLCBought 11,300 shares on 2/2/2024Ownership: 0.000%View All Institutional Transactions CIG Stock Analysis - Frequently Asked Questions Should I buy or sell CEMIG stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CEMIG in the last twelve months. There are currently 1 hold rating 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? 3 Wall Street research analysts have issued 12-month target prices for CEMIG's stock. Their CIG share price targets range from $2.60 to $2.90. On average, they expect the company's share price to reach $2.75 in the next year. This suggests a possible upside of 6.2% 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 the year. Since then, CIG shares have increased by 11.6% and is now trading at $2.59. View the best growth stocks for 2024 here. Are investors shorting CEMIG? CEMIG saw a decline in short interest in March. As of March 31st, there was short interest totaling 1,320,000 shares, a decline of 8.3% from the March 15th total of 1,440,000 shares. Based on an average daily volume of 2,570,000 shares, the days-to-cover ratio is currently 0.5 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 Thursday, May 2nd 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. Investors of record on Monday, April 1st will be paid a dividend of $0.0352 per share on Wednesday, March 27th. The ex-dividend date of this dividend is Thursday, March 28th. Read our dividend analysis for CIG. Is CEMIG a good dividend stock? CEMIG (NYSE:CIG) pays an annual dividend of $0.18 per share and currently has a dividend yield of 7.53%. CIG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 39.13%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for CIG. What ETFs hold CEMIG's stock? ETFs with the largest weight of CEMIG (NYSE:CIG) stock in their portfolio include iShares Emerging Markets Infrastructure ETF (EMIF), Virtus Real Asset Income ETF (VRAI), Invesco Zacks Multi-Asset Income ETF (CVY), Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and VanEck Low Carbon Energy ETF (SMOG).Arch Indices VOI Absolute Income ETF (VWI). When did CEMIG's stock split? CEMIG shares split on the morning of Friday, May 24th 2024. The 130-100 split was announced on Friday, May 24th 2024. The newly created shares will be payable 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. 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? Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Pfizer (PFE), Rigel Pharmaceuticals (RIGL), Energy Transfer (ET) and New Residential Investment (NRZ). 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 5/2/2024 by MarketBeat.com Staff From Our PartnersUrgent Nvidia WarningAltimetryBiden to Launch “FedNOW” [Move Your Money Now]Priority GoldBitcoin Rockets To Record High But Buy THIS InsteadParadigm PressThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingA.I. is a Tidal Wave - Here’s What to BuyChaikin AnalyticsA once-in-a-century investment opportunityStansberry ResearchTrump just won 2024Porter & CompanyHe Is Giving Away BitcoinCrypto Swap Profits Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding CEMIG Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.