NYSE:CIG CEMIG (CIG) Stock Price, News & Analysis → I’m afraid WWIII is a very real possibility (From Porter & Company) (Ad) Free CIG Stock Alerts $1.86 -0.04 (-2.11%) (As of 05/31/2024 08:50 PM ET) Add Compare Share Share Today's Range$1.85▼$1.9050-Day Range$1.84▼$2.0552-Week Range$1.62▼$2.12Volume1.96 million shsAverage Volume2.92 million shsMarket Capitalization$5.32 billionP/E Ratio4.65Dividend Yield9.68%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 Buy2.67 Rating ScoreUpside/Downside13.7% Upside$2.12 Price TargetShort InterestHealthy0.01% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider 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.3.26 out of 5 starsUtilities Sector59th out of 90 stocksElectric Services Industry24th out of 42 stocks 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.Read more about CEMIG's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.01% 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 0.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in CEMIG has recently decreased by 53.18%, 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 9.43%, 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 45.00%. This payout ratio is at a healthy, sustainable level, below 75%.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 2.9 News and Social Media Coverage News SentimentCEMIG has a news sentiment score of 0.19. 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 0.55 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 1 news article for CEMIG this week, compared to 0 articles on an average week.Search Interest4 people have searched for CIG on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.MarketBeat Follows16 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 Price to Earnings Ratio vs. the MarketThe P/E ratio of CEMIG is 4.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.99.Price to Earnings Ratio vs. SectorThe P/E ratio of CEMIG is 4.65, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 88.40.Price to Book Value per Share RatioCEMIG has a P/B Ratio of 1.08. 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 Weiss RatingsNvidia is Pivoting to Solve Big Tech’s $1 Trillion ProblemTaiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as 4,744%. Now, if you’re like everybody else, you want to know what Nvidia’s doing next … and who they’re going to partner with …Find out details on these three critical Nvidia partners immediately. 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 26, 2024 | americanbankingnews.comCEMIG (NYSE:CIG) Sets New 12-Month Low at $1.98May 25, 2024 | americanbankingnews.comCEMIG (NYSE:CIG) & Eco Wave Power Global AB (publ) (NASDAQ:WAVE) Head-To-Head ContrastMay 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 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 GraysSee 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 Dividend3/28/2024Today6/03/2024Next Earnings (Estimated)9/10/2024Fiscal 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+13.7%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.40 Trailing P/E Ratio4.65 Forward P/E Ratio8.45 P/E GrowthN/ANet Income$1.15 billion Net Margins14.81% Pretax Margin18.59% Return on Equity22.80% Return on Assets10.00% Debt Debt-to-Equity Ratio0.31 Current Ratio0.91 Quick Ratio0.91 Sales & Book Value Annual Sales$7.38 billion Price / Sales0.72 Cash Flow$0.49 per share Price / Cash Flow3.78 Book Value$1.73 per share Price / Book1.08Miscellaneous Outstanding Shares2,861,780,000Free FloatN/AMarket Cap$5.32 billion OptionableOptionable Beta1.23 Social Links The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.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:ESFortisNYSE:FTSCenterPoint EnergyNYSE:CNPNRG EnergyNYSE:NRGCentrais Elétricas Brasileiras S.A. - EletrobrásNYSE:EBRView All CompetitorsInstitutional OwnershipMitsubishi UFJ Trust & Banking CorpSold 4,607 shares on 5/10/2024Ownership: 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 year. 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 Wall Street research analysts have issued 1 year target prices for CEMIG's stock. Their CIG share price targets range from $2.00 to $2.23. On average, they expect the company's stock price to reach $2.12 in the next twelve months. This suggests a possible upside of 13.7% 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 $1.7846 at the beginning of the year. Since then, CIG stock has increased by 4.2% and is now trading at $1.86. View the best growth stocks for 2024 here. Are investors shorting CEMIG? CEMIG saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 412,300 shares, a drop of 53.2% from the April 30th total of 880,700 shares. Based on an average daily volume of 2,920,000 shares, the days-to-cover ratio is presently 0.1 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, September 10th 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 $0.0271 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 $0.18 per share and currently has a dividend yield of 9.43%. CIG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 45.00%. 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? 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 minted shares were payable 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. 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). Who are CEMIG's major shareholders? CEMIG's stock is owned by many different retail and institutional investors. Top institutional investors include Mitsubishi UFJ Trust & Banking Corp (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 6/3/2024 by MarketBeat.com Staff From Our PartnersDoes this make you sick?Allegiance GoldAlert: Your Bank is Dying – Act Now or Lose Everything!Priority GoldNext President (Not Trump. Not Biden.)The Freeport SocietyTrump’s Gift Could Unleash $51 Billion in New WealthWealthpin ProMust-See: Elon’s New Invention is Absolutely InsaneInvestorPlaceHistoric Crash Could Wipe Away Your 401k (Govt Debt Explosion)Birch GoldPrepare for a Recession Unlike Any OtherAmerican Hartford Gold Group"Trump Loophole" Beats InflationColonial Metals 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. 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