CEMIG Preferred Shares

CIG

Market cap $6.15B

CEMIG remains a compelling buy after an 18% stock drop, driven by weather and macro factors outside its control. CIG's core strengths include stable cash flow, sector-leading ESG credentials, and a focused investment plan targeting $8.8B from 2026–2030. Valuation is attractive, with a 7.66x EBITDA multiple and potential 30% upside to a $2.84 fair price if normalized to sector medians.

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Comp En De Mn Cemig ADS NYSE: CIG, the Brazilian electric utility known as CEMIG, reported first-quarter 2026 EBITDA of BRL 1.79 billion and profit of BRL 979 million, while management highlighted continued investment in distribution, debt profile management and challenges tied to energy price volatility and hydrological risk.

Companhia Energética de Minas Gerais - CEMIG (CIG) Q1 2026 Earnings Call Transcript

BELO HORIZONTE, Brazil, April 17, 2026 /PRNewswire/ -- COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("Cemig") (NYSE: CIG, CIG.C; B3: CMIG3, CMIG4), a publicly held company with shares traded on the exchanges of São Paulo and New York, hereby informs the Brazilian Securities and Exchange Commission (CVM), B3 S.A. Brasil, Bolsa, Balcão ("B3") and the markets in general that it has registered on April 17, 2026, its Form 20-F for the 2025 fiscal year ("Form 20-F 2025") with the U.S. Securities and Exchange Commission ("SEC").

Companhia Energética de Minas Gerais - CEMIG (CIG) Q4 2025 Earnings Call Transcript

Companhia Energética de Minas Gerais - CEMIG ( CIG ) Q3 2025 Earnings Call November 14, 2025 12:00 PM EST Company Participants Carolina Senna - Investor Relations Superintendent Reynaldo Filho - CEO, President & Member of Executive Board Andrea de Almeida - VP of Finance & Investor Relations and Member of Executive Board Denis Mollica Sergio Cabral - Vice President of Commercialisation and Member of Management Board Conference Call Participants Vitor Sousa Luiza Candiota - Itaú Corretora de Valores S.A., Research Division Presentation Carolina Senna Investor Relations Superintendent Good afternoon, everyone.

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Cemig faces major regulatory changes that will erode its captive market advantage, leading to significant revenue declines in key customer segments. I project a 40% revenue decrease from commercial and residential customers over two years, with gradual recovery afterward driven by other business segments. Dividend payouts are expected to compress by over 50% as non-recurring revenues fade, making future distributions reliant on core operations.

Companhia Energética de Minas Gerais - CEMIG (NYSE:CIG ) Q2 2025 Earnings Conference Call August 18, 2025 1:00 PM ET Company Participants Andrea Marques de Almeida - VP of Finance & Investor Relations and Member of Executive Board Carolina Senna - Corporate Participant Investor Relations Superintendent - Corporate Participant Reynaldo Passanezi Filho - CEO, President & Member of Executive Board Sergio Lopes Cabral - Vice President of Commercialisation and Member of Management Board Conference Call Participants Carolina Carneiro - Unidentified Company Victor Cunha - Unidentified Company Carolina Senna Investor Relations Superintendent Good afternoon, everyone. I am Carolina Senna, Superintendent of Investor Relations at Cemig.