Profile
Sector:
UtilitiesIndustry:
DiversifiedCountry:
BrazilIPO:
18 November 1996Website:
http://www.cemig.com.brNext earnings report:
21 March 2025Last dividends:
30 September 2024Next dividends:
N/APrice
after hours | Sat, 16 Nov 2024 00:10:26 GMTAnalysts recommendations
Institutional Ownership
CIG Latest News
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Cemig, a state-owned electricity company in Minas Gerais, operates in generation, transmission, and distribution, with stable operations and attractive dividends. Despite governance risks, Cemig's efficient management and solid financials make it a strong income portfolio candidate with a healthy dividend yield. The company plans significant investments through 2028, maintaining a low debt ratio and positioning for sustainable dividends and potential M&A opportunities.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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.
What type of business is Companhia Energetica de Minas Gerais?
Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2023, the company operated 57 hydro plants with a total capacity of 5,010.4 MW, 9 wind farms with a total capacity of 175.7 MW, and 2 photovoltaic power stations with a total capacity of 3.9 MW; 344,006 miles of distribution lines; and 4,653 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; sale and trading of energy; construction, implementation, operation and maintenance of electricity transmission; marketing and intermediation of energy-related business; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.
What sector is Companhia Energetica de Minas Gerais in?
Companhia Energetica de Minas Gerais is in the Utilities sector
What industry is Companhia Energetica de Minas Gerais in?
Companhia Energetica de Minas Gerais is in the Diversified industry
What country is Companhia Energetica de Minas Gerais from?
Companhia Energetica de Minas Gerais is headquartered in Brazil
When did Companhia Energetica de Minas Gerais go public?
Companhia Energetica de Minas Gerais initial public offering (IPO) was on 18 November 1996
What is Companhia Energetica de Minas Gerais website?
https://www.cemig.com.br
Is Companhia Energetica de Minas Gerais in the S&P 500?
No, Companhia Energetica de Minas Gerais is not included in the S&P 500 index
Is Companhia Energetica de Minas Gerais in the NASDAQ 100?
No, Companhia Energetica de Minas Gerais is not included in the NASDAQ 100 index
Is Companhia Energetica de Minas Gerais in the Dow Jones?
No, Companhia Energetica de Minas Gerais is not included in the Dow Jones index
When was Companhia Energetica de Minas Gerais the previous earnings report?
No data
When does Companhia Energetica de Minas Gerais earnings report?
The next expected earnings date for Companhia Energetica de Minas Gerais is 21 March 2025