Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2020, the company operated 89 hydroelectric, wind, and solar plants with an installed capacity of 6,000 MW; 339,086 miles of distribution lines; and as of January 27, 2021, it operated 4,374 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; 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.
IPO Year:
Exchange: NYSE
Website: cemig.com.br
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/31/2024 | Sector Perform | Scotiabank | |
11/24/2023 | Buy → Neutral | BofA Securities | |
11/1/2023 | $2.90 | Hold → Buy | HSBC Securities |
9/20/2023 | Neutral → Buy | BofA Securities |
SC 13G - ENERGY CO OF MINAS GERAIS (0001157557) (Subject)
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"). The 2023 Form 20-F can be accessed on SEC's website, at www.sec.gov, or the Company's Investor Relations website, at http://ri.cemig.com.br. Con
BELO HORIZONTE, Brazil, May 16, 2023 /PRNewswire/ -- A COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("CEMIG"), a publicly held company with shares traded on the stock exchanges of São Paulo, New York and Madrid, hereby informs the Brazilian Securities and Exchange Commission (CVM), B3 S.A. – Brasil, Bolsa, Balcão ("B3") and the market in general that it has filed on May 16, 2023, Form 20-F for the 2022 fiscal year ("2022 Form 20-F") with the U.S. Securities and Exchange Commission ("SEC"). 2022 Form 20-F can be accessed on SEC's website, at www.sec.gov, or the Company's Investor Relations website, at http://ri.cemig.com.br. Shareholders who wish to receive a free printed copy of the report,
BELO HORIZONTE, Brazil, Dec. 12, 2022 /PRNewswire/ -- CEMIG Geração e Transmissão S.A. ("CEMIG GT"), a wholly-owned subsidiary of Companhia Energética de Minas Gerais ("CEMIG Holding"), today announced the early tender date results of its previously announced offer (the "Offer") to purchase for cash up to the Maximum Amount (as defined below) of its outstanding 9.250% Senior Notes due 2024 (the "Notes"). When used in this press release, the terms "we," "us" and "our" refer collectively to CEMIG GT and CEMIG Holding, in each case, unless the context otherwise requires. The Offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase dated November 28, 20
Scotiabank initiated coverage of Cemig with a rating of Sector Perform
BofA Securities downgraded Cemig from Buy to Neutral
HSBC Securities upgraded Cemig from Hold to Buy and set a new price target of $2.90
BofA Securities upgraded Cemig from Neutral to Buy
6-K - ENERGY CO OF MINAS GERAIS (0001157557) (Filer)
6-K - ENERGY CO OF MINAS GERAIS (0001157557) (Filer)
6-K - ENERGY CO OF MINAS GERAIS (0001157557) (Filer)
20-F - ENERGY CO OF MINAS GERAIS (0001157557) (Filer)
6-K - ENERGY CO OF MINAS GERAIS (0001157557) (Filer)
6-K - ENERGY CO OF MINAS GERAIS (0001157557) (Filer)
6-K - ENERGY CO OF MINAS GERAIS (0001157557) (Filer)
6-K - ENERGY CO OF MINAS GERAIS (0001157557) (Filer)
20-F/A - ENERGY CO OF MINAS GERAIS (0001157557) (Filer)
6-K - ENERGY CO OF MINAS GERAIS (0001157557) (Filer)
What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching: Hawaiian Electric Indus (NYSE:HE) - P/E: 6.23 Via Renewables (NASDAQ:VIA) - P/E: 8.01 Cia Energetica DE Minas (NYSE:CIG) - P/E: 4.96 TransAlta (NYSE:TAC) - P/E: 3.74 Enel Chile (NYSE:ENIC) - P/E: 6.32 This quarter, Hawaiian Electric Indus experienced a decrease in earnings per share, which was $0.56 i
Today, March 06, 2024, Southern (NYSE:SO) will distribute a dividend payout of $0.70 per share, highlighting an annualized dividend yield of 4.02%. Shareholders who owned the stock before the ex-dividend date on February 16, 2024 will be eligible for this payout. Southern Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nth-child(even) {
What are Value Stocks? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the utilities sector: TransAlta (NYSE:TAC) - P/E: 3.97 Hawaiian Electric Indus (NYSE:HE) - P/E: 6.42 Genie Energy (NYSE:GNE) - P/E: 9.64 Entergy (NYSE:ETR) - P/E: 9.19 Cia Energetica DE Minas (NYSE:CIG) - P/E: 4.9
Understanding Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the utilities sector: TransAlta (NYSE:TAC) - P/E: 4.32 Genie Energy (NYSE:GNE) - P/E: 9.41 Cia Energetica DE Minas (NYSE:CIG) - P/E: 4.99 OPAL Fuels (NASDAQ:OPAL) - P/E: 6.46 Enel Chile (NYSE:ENIC) - P/E: 2.95 This quarter, TransAlta experienced an increase in earnings per share, which was $0.17 in Q2 and is now $1.05. Its most recent divide
Understanding Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the utilities sector: OPAL Fuels (NASDAQ:OPAL) - P/E: 6.24 Cia Energetica DE Minas (NYSE:CIG) - P/E: 4.58 Enel Chile (NYSE:ENIC) - P/E: 2.63 Genie Energy (NYSE:GNE) - P/E: 9.65 TransAlta (NYSE:TAC) - P/E: 4.31 This quarter, OPAL Fuels experienced an increase in earnings per share, which was $-0.12 in Q2 and is now $-0.01. This quarter, Cia E
The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the utilities sector: OPAL Fuels (NASDAQ:OPAL) - P/E: 6.39 Cia Energetica DE Minas (NYSE:CIG) - P/E: 4.76 Enel Chile (NYSE:ENIC) - P/E: 2.7 Genie Energy (NYSE:GNE) - P/E: 9.75 TransAlta (NYSE:TAC) - P/E: 4.4 OPAL Fuels's earnings per share for Q3 sits at $-0.01, whereas in Q2, they were at -0.12. Most recently, Cia Energetica DE Minas r
The Meaning Behind Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching: Hawaiian Electric Indus (NYSE:HE) - P/E: 7.02 Enel Chile (NYSE:ENIC) - P/E: 2.74 Altus Power (NYSE:AMPS) - P/E: 9.96 Cia Energetica DE Minas (NYSE:CIG) - P/E: 4.75
What Defines a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the utilities sector: OPAL Fuels (NASDAQ:OPAL) - P/E: 7.04 Cia Energetica DE Minas (NYSE:CIG) - P/E: 4.65 Brookfield Renewable (NYSE:BEPC) - P/E: 3.34 Hawaiian Electric Indus (NYSE:HE) - P/E: 8.15 Suburban Pr
Understanding Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching: OPAL Fuels (NASDAQ:OPAL) - P/E: 7.13 Cia Energetica DE Minas (NYSE:CIG) - P/E: 4.7 Brookfield Renewable (NYSE:BEPC) - P/E: 3.38 Enel Chile (NYSE:ENIC) - P/E: 2.96 Suburban Propane Partners (NYSE:SPH) - P/E: 9.54 OPAL Fuels's earnings per share for Q3 sits at $-0.01, whereas in Q2, they were at -0.12. M
What is a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching: Cia Energetica DE Minas (NYSE:CIG) - P/E: 4.8 Hawaiian Electric Indus (NYSE:HE) - P/E: 7.58 Enel Chile (NYSE:ENIC) - P/E: 3.05 TransAlta (NYSE:TAC) - P/E: 5.12 Suburban Prop