Key Details
Price
$1.77Last Dividend
$0.03Annual Revenue
$7.38 BAnnual EPS
$0.40Annual ROE
25.10%Beta
0.45Events Calendar
Next earnings date:
Mar 21, 2025Recent quarterly earnings:
Nov 13, 2024Recent annual earnings:
Mar 21, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 30, 2024Next split:
N/ARecent split:
May 24, 2024Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
Cemig is a government-owned electricity company in Minas Gerais that is involved in generating, transmitting, and distributing power, offering reliable operations and good dividends. Although there are some governance concerns, Cemig's effective management and strong financial performance make it a good choice for income investors, thanks to its solid dividend yield. The company has plans for major investments until 2028, keeps a low debt level, and is set up for sustainable dividends and possible mergers and acquisitions.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
The company has been delivering excellent results since its turnaround in 2019, with cost reduction, lower leverage, and prospects for further improving its EBITDA margin. Despite this, the company is traded below the multiples of its international peers, even though it is the most profitable and has the best return on equity. The discount compared to peers is due to the political risk, which increased with the news of the company's possible federalization, but which in my view is a buying opportunity.
Companhia Energética de Minas Gerais - CEMIG (CIG) Q4 2023 Earnings Call Transcript
Here is how Cemig (CIG) and NRG Energy (NRG) have performed compared to their sector so far this year.
Cemig (CIG) possesses solid growth attributes, which could help it handily outperform the market.
Cemig (CIG) could produce exceptional returns because of its solid growth attributes.
Companhia Energética de Minas Gerais - CEMIG (NYSE:CIG ) Q3 2023 Earnings Conference Call November 10, 2023 1:00 PM ET Company Participants Carolina Senna - Superintendent, IR Reynaldo Passanezi Filho - CEO Leonardo George de Magalhaes - CFO Marco da Camino Ancona Lopez Soligo - Chief Participation Officer Dimas Costa - Chief Commercial Officer Conference Call Participants Operator Good afternoon, everyone, and welcome to Cemig's Third Quarter 2023 Earnings Video Conference Call. We inform that this call is being recorded, and will be available at the company's IR website, where you will also find the company's presentation.
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