CEMIG Preferred Shares
CIG

$1.86

1.09%

Market Cap: 5.32B

About: Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.

Employees: 4,917

0

Funds holding %

of 6,702 funds

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Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

277% more call options, than puts

Call options by funds: $275K | Put options by funds: $73K

0% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 2 (+0) [Q1 2024]

0% less capital invested

Capital invested by funds: $342M [Q4 2023] → $341M (-$1.26M) [Q1 2024]

0.73% less ownership

Funds ownership: 10.1% [Q4 2023] → 9.38% (-0.73%) [Q1 2024]

6% less funds holding

Funds holding: 178 [Q4 2023] → 168 (-10) [Q1 2024]

22% less repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 68

42% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 24

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Research analyst outlook

We haven’t received any recent analyst ratings for CIG.

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Financial journalist opinion

Companhia Energética de Minas Gerais - CEMIG (CIG) Q1 2024 Earnings Call Transcript

Companhia Energética de Minas Gerais - CEMIG (NYSE:CIG ) Q1 2024 Results Conference Call May 14, 2024 9:00 AM ET Company Participants Carolina Senna - IR Reynaldo Filho - CEO Leonardo Magalhaes - CFO Marney Antunes - CDO Marco Soligo - CPO Conference Call Participants Andre Sampaio - Santander Giuliano Ajeje - UBS [Operator Instructions]. Now I would like to turn the floor over to Carolina Senna, Investor Relations Superintendent.

Companhia Energética de Minas Gerais - CEMIG (CIG) Q1 2024 Earnings Call Transcript

CEMIG Files 2023 Form 20-F

BELO HORIZONTE, Brazil , April 30, 2024 /PRNewswire/ -- A COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("CEMIG") (NYSE: CIG), (NYSE: CIG.C), (B3: CMIG3), (B3: CMIG4), a publicly held company with shares traded on the stock exchanges of São Paulo, New York and Madrid, today announced to the Brazilian Securities and Exchange Commission (CVM), B3 S.A. – Brasil, Bolsa, Balcão ("B3") and the market in general that it has filed on April 30, 2024, Form 20-F for the 2023 fiscal year ("2023 Form 20-F") with the U.S. Securities and Exchange Commission ("SEC").

CEMIG Files 2023 Form 20-F

CEMIG: Remote Chance Of Federalization Opens Up A Great Buying Point

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.

CEMIG: Remote Chance Of Federalization Opens Up A Great Buying Point

Companhia Energética de Minas Gerais - CEMIG (CIG) Q4 2023 Earnings Call Transcript

Companhia Energética de Minas Gerais - CEMIG (CIG) Q4 2023 Earnings Call Transcript

Companhia Energética de Minas Gerais - CEMIG (CIG) Q4 2023 Earnings Call Transcript

Zacks Investment Research

Has Comp En De Mn Cemig (CIG) Outpaced Other Utilities Stocks This Year?

Here is how Cemig (CIG) and NRG Energy (NRG) have performed compared to their sector so far this year.

Has Comp En De Mn Cemig (CIG) Outpaced Other Utilities Stocks This Year?

Zacks Investment Research

3 Reasons Growth Investors Will Love Cemig (CIG)

Cemig (CIG) possesses solid growth attributes, which could help it handily outperform the market.

3 Reasons Growth Investors Will Love Cemig (CIG)

Zacks Investment Research

Here is Why Growth Investors Should Buy Cemig (CIG) Now

Cemig (CIG) could produce exceptional returns because of its solid growth attributes.

Here is Why Growth Investors Should Buy Cemig (CIG) Now

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