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CIG $1.84   View long term graphs

Companhia Energética de Minas Gerais S.A.
Type
Sociedade Anônima
Traded as BM&F Bovespa: CMIG3, CMIG4
NYSE: CIG
BMAD: XCMIG
Industry Electricity
Founded 1952
Headquarters Belo Horizonte, MG, Brazil
Key people
Bernardo Afonso Salomão de Alvarenga, (CEO)
Products Electrical power
natural gas
Services Electricity distribution
Electricity transmission
telecommunications
Revenue Increase US$  6.1 billion (2013)
Net income
Decrease US$ 1.3 billion (2013)
Number of employees
16,300
Subsidiaries Light S.A.
Taesa
Website www.cemig.com.br

CEMIG is a Brazilian power company headquartered in Belo Horizonte capital of the state of Minas Gerais. The company is one of the largest power generators and distributors in Brazil being responsible for 12% of the national distribution.

CEMIG is present in 22 Brazilian States and in Chile. With around 50 power plants in operation, most of them hydroelectric, the company owns around 6,000 MW of generation capacity. Cemig also owns a cable television, internet and telecommunications business called Infovias which uses the company's transmission and distribution lines. Also, a business called Gasmig supplies natural gas in Minas Gerais. Just over half of Cemig's stock is owned by the state of Minas Gerais.

The company is responsible for serving about 18 million people in 774 municipalities of Minas Gerais and for the management of the largest network of electricity distribution in South America, with more than 400 thousand km of lines.

The stock is traded on BM&F Bovespa where it is part of the Ibovespa index. It is also traded on the New York Stock Exchange and Latibex an index for Latin companies in Madrid Stock Exchange.

The company is being included in the new Global Dow (Dow Jones index that has 150 companies meant to track worldwide stock performance).

The company owns 43% of TAESA, a Brazilian Electric Company.

News

Companhia Energetica de Minas Gerais -1.34% (utilities)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2019 2020-03-19 0.00 0.10
Q3 2019 2019-11-18 0.00 -0.12
Q2 2019 2019-08-20 0.00 0.37
Q4 2018 2019-05-17 0.00 0.16
Q1 2019 2019-05-16 0.00 0.13
Q3 2018 2018-11-14 0.00 0.01
Q2 2018 2018-08-14 0.00 -0.03
Q1 2018 2018-05-16 0.00 0.11
Q4 2017 2018-05-09 0.00 0.13
Q3 2017 2017-11-16 0.00 -0.02

Ratings

2015-12-17 Downgrade Goldman Sachs Buy to Neutral
2015-12-17 Downgrade Goldman Sachs Group Inc. Buy to Neutral
2015-06-26 Upgrade JPMorgan Chase & Co. Underweight to Neutral
2014-08-26 Downgrade JPMorgan Chase & Co. Neutral to Underweight
2014-03-26 Initiated Coverage Goldman Sachs Buy
2013-05-20 Upgrade Standpoint Research Hold to Buy
2012-11-30 Upgrade Standpoint Research Hold to Buy
2012-10-03 Downgrade Barclays Overweight to Equal Weight
2011-09-06 Upgrade Standpoint Research Hold to Buy $21
2011-03-30 Downgrade Standpoint Research Buy to Hold
2010-02-05 Upgrade Standpoint Research Hold to Buy
2009-12-11 Downgrade JP Morgan Overweight to Neutral
2009-12-03 Downgrade Standpoint Research Buy to Hold
2008-12-15 Initiated Standpoint Buy $25
2015-12-17 Downgrade Goldman Sachs Buy to Neutral
2015-12-17 Downgrade Goldman Sachs Group Inc. Buy to Neutral
2015-06-26 Upgrade JPMorgan Chase & Co. Underweight to Neutral
2014-08-26 Downgrade JPMorgan Chase & Co. Neutral to Underweight
2014-03-26 Initiated Coverage Goldman Sachs Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks

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