NYSE:CIG CEMIG (CIG) Stock Price, News & Analysis → His win rate puts Warren Buffett to shame… (From Investing Daily) (Ad) Free CIG Stock Alerts $2.43 +0.02 (+0.83%) (As of 04/26/2024 ET) Add Compare Share Share Today's Range$2.41▼$2.4650-Day Range$2.21▼$2.6052-Week Range$2.11▼$2.75Volume1.48 million shsAverage Volume2.26 million shsMarket CapitalizationN/AP/E Ratio5.28Dividend Yield7.82%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/Downside13.2% Upside$2.75 Price TargetShort InterestHealthyDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.00Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth-15.56%From $0.45 to $0.38 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.3.47 out of 5 stars 2.3 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 3.3 Dividend Strength Dividend LeadershipCEMIG is a leading dividend payer. It pays a dividend yield of 7.92%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCEMIG has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of CEMIG is 41.31%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, CEMIG will have a dividend payout ratio of 50.00% next year. This indicates that CEMIG will be able to sustain or increase its 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 3.3 News and Social Media Coverage News SentimentCEMIG has a news sentiment score of 1.00. 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 0.45 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 2 news articles for CEMIG this week, compared to 0 articles on an average week.Search Interest5 people have searched for CIG on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added CEMIG to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 Earnings GrowthEarnings for CEMIG are expected to decrease by -15.56% in the coming year, from $0.45 to $0.38 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 127.81.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 76.55.Price to Book Value per Share RatioCEMIG has a P/B Ratio of 1.27. 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 Investing DailyHis win rate puts Warren Buffett to shame… Not long ago I joined Phil Ash for a private one-on-one interview. And during our time together I pulled the covers of my investing system that’s delivered 779 winners and 43,509% total profits since November of 2015… Without a single loss.Click here now for the full story. 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 HeadlinesApril 23, 2024 | americanbankingnews.comCEMIG (NYSE:CIG) Stock Crosses Above 200-Day Moving Average of $2.36April 3, 2024 | dailymail.co.ukLow-tar cigarettes no betterApril 28, 2024 | Investing Daily (Ad)His win rate puts Warren Buffett to shame… Not long ago I joined Phil Ash for a private one-on-one interview. And during our time together I pulled the covers of my investing system that’s delivered 779 winners and 43,509% total profits since November of 2015… Without a single loss.March 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 PresentationApril 28, 2024 | Investing Daily (Ad)His win rate puts Warren Buffett to shame… Not long ago I joined Phil Ash for a private one-on-one interview. And during our time together I pulled the covers of my investing system that’s delivered 779 winners and 43,509% total profits since November of 2015… Without a single loss.March 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 TranscriptNovember 10, 2023 | seekingalpha.comCompanhia Energética de Minas Gerais - CEMIG 2023 Q3 - Results - Earnings Call PresentationOctober 16, 2023 | finance.yahoo.comShould Value Investors Buy Comp En De Mn Cemig (CIG) Stock?See 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 Dividend3/28/2024Today4/28/2024Next 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+13.2%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio5.28 Forward P/E Ratio5.40 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$0.46 per share Price / Cash Flow5.24 Book Value$1.92 per share Price / Book1.27Miscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableOptionable Beta1.24 Social Links 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part 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 CompetitorsKorea Electric PowerNYSE:KEPAdvent TechnologiesNASDAQ:ADNWWCadizNASDAQ:CDZIPCenturiNYSE:CTRIClearway 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 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 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 equities research analysts have issued 12-month price objectives for CEMIG's stock. Their CIG share price targets range from $2.60 to $2.90. On average, they predict the company's share price to reach $2.75 in the next twelve months. This suggests a possible upside of 13.2% 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 2024. Since then, CIG stock has increased by 4.7% and is now trading at $2.43. View the best growth stocks for 2024 here. Are investors shorting CEMIG? CEMIG saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,320,000 shares, a decrease 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 short-interest 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 $0.19 per share and currently has a dividend yield of 7.92%. CIG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.31%. 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 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's stock split on the morning of Friday, May 24th 2024. The 130-100 split was announced on Friday, May 24th 2024. The newly minted shares will be 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. 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 4/28/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? 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