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How to buy Companhia Energética de Minas Gerais stock | $2.32

Learn how to easily invest in Companhia Energética de Minas Gerais stock.

Companhia Energética de Minas Gerais is an utilities-diversified business based in the US. Companhia Energética de Minas Gerais shares (CIG) are listed on the NYSE and all prices are listed in US Dollars. Companhia Energética de Minas Gerais employs 5,288 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in Companhia Energética de Minas Gerais

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – CIG – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Companhia Energética de Minas Gerais stock price (NYSE: CIG)

Use our graph to track the performance of CIG stocks over time.

Companhia Energética de Minas Gerais shares at a glance

Information last updated 2021-10-17.
Latest market close$2.32
52-week range$1.67 - $2.85
50-day moving average $2.57
200-day moving average $2.41
Wall St. target price$2.94
PE ratio 5.9513
Dividend yield $0.879 (32.32%)
Earnings per share (TTM) $0.45

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Companhia Energética de Minas Gerais stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Companhia Energética de Minas Gerais price performance over time

Historical closes compared with the close of $2.32 from 2021-10-22

1 week (2021-10-15) -13.75%
1 month (2021-09-24) -11.11%
3 months (2021-07-23) 1.75%
6 months (2021-04-23) -4.53%
1 year (2020-10-23) 16.58%
2 years (2019-10-23) -30.33%
3 years (2018-10-23) 2.84
5 years (2016-10-21) 2.72

Is Companhia Energética de Minas Gerais under- or over-valued?

Valuing Companhia Energética de Minas Gerais stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Companhia Energética de Minas Gerais's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Companhia Energética de Minas Gerais's P/E ratio

Companhia Energética de Minas Gerais's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 6x. In other words, Companhia Energética de Minas Gerais shares trade at around 6x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Companhia Energética de Minas Gerais's EBITDA

Companhia Energética de Minas Gerais's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $5.9 billion.

The EBITDA is a measure of a Companhia Energética de Minas Gerais's overall financial performance and is widely used to measure a its profitability.

Companhia Energética de Minas Gerais financials

Revenue TTM $28.2 billion
Operating margin TTM 17.76%
Gross profit TTM $5.3 billion
Return on assets TTM 5.88%
Return on equity TTM 22.99%
Profit margin 14.99%
Book value $11.72
Market capitalisation $5 billion

TTM: trailing 12 months

Shorting Companhia Energética de Minas Gerais shares

There are currently 3.5 million Companhia Energética de Minas Gerais shares held short by investors – that's known as Companhia Energética de Minas Gerais's "short interest". This figure is 4.3% down from 3.7 million last month.

There are a few different ways that this level of interest in shorting Companhia Energética de Minas Gerais shares can be evaluated.

Companhia Energética de Minas Gerais's "short interest ratio" (SIR)

Companhia Energética de Minas Gerais's "short interest ratio" (SIR) is the quantity of Companhia Energética de Minas Gerais shares currently shorted divided by the average quantity of Companhia Energética de Minas Gerais shares traded daily (recently around 5.8 million). Companhia Energética de Minas Gerais's SIR currently stands at 0.61. In other words for every 100,000 Companhia Energética de Minas Gerais shares traded daily on the market, roughly 610 shares are currently held short.

However Companhia Energética de Minas Gerais's short interest can also be evaluated against the total number of Companhia Energética de Minas Gerais shares, or, against the total number of tradable Companhia Energética de Minas Gerais shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Companhia Energética de Minas Gerais's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Companhia Energética de Minas Gerais shares in existence, roughly 0 shares are currently held short) or 0.0027% of the tradable shares (for every 100,000 tradable Companhia Energética de Minas Gerais shares, roughly 3 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Companhia Energética de Minas Gerais.

Find out more about how you can short Companhia Energética de Minas Gerais stock.

Companhia Energética de Minas Gerais share dividends

35%

Dividend payout ratio: 35.33% of net profits

Recently Companhia Energética de Minas Gerais has paid out, on average, around 35.33% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.87% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Companhia Energética de Minas Gerais shareholders could enjoy a 7.87% return on their shares, in the form of dividend payments. In Companhia Energética de Minas Gerais's case, that would currently equate to about $0.879 per share.

While Companhia Energética de Minas Gerais's payout ratio might seem fairly standard, it's worth remembering that Companhia Energética de Minas Gerais may be investing much of the rest of its net profits in future growth.

Companhia Energética de Minas Gerais's most recent dividend payout was on 12 December 2017. The latest dividend was paid out to all shareholders who bought their shares by 2 May 2021 (the "ex-dividend date").

Have Companhia Energética de Minas Gerais's shares ever split?

Companhia Energética de Minas Gerais's shares were split on a 13076:1000 basis on 12 January 2014. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 13076 shares. This wouldn't directly have changed the overall worth of your Companhia Energética de Minas Gerais shares – just the quantity. However, indirectly, the new 92.4% lower share price could have impacted the market appetite for Companhia Energética de Minas Gerais shares which in turn could have impacted Companhia Energética de Minas Gerais's share price.

Companhia Energética de Minas Gerais share price volatility

Over the last 12 months, Companhia Energética de Minas Gerais's shares have ranged in value from as little as $1.6666 up to $2.8467. A popular way to gauge a stock's volatility is its "beta".

CIG.US volatility(beta: 0.65)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Companhia Energética de Minas Gerais's is 0.6545. This would suggest that Companhia Energética de Minas Gerais's shares are less volatile than average (for this exchange).

Companhia Energética de Minas Gerais overview

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. .

Frequently asked questions

What percentage of Companhia Energética de Minas Gerais is owned by institutions?
Currently 17.248% of Companhia Energética de Minas Gerais shares are held by institutions.
How many people work for Companhia Energética de Minas Gerais?
Latest data suggests 5,288 work at Companhia Energética de Minas Gerais.
When does the fiscal year end for Companhia Energética de Minas Gerais?
Companhia Energética de Minas Gerais's fiscal year ends in December.
Where is Companhia Energética de Minas Gerais based?
Companhia Energética de Minas Gerais's address is: Avenida Barbacena, 1200, Belo Horizonte, MG, Brazil, 30190-131
What is Companhia Energética de Minas Gerais's ISIN number?
Companhia Energética de Minas Gerais's international securities identification number is: US2044096012
What is Companhia Energética de Minas Gerais's CUSIP number?
Companhia Energética de Minas Gerais's Committee on Uniform Securities Identification Procedures number is: 204409601

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