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How to buy Companhia Energética de Minas Gerais stock

Own Companhia Energética de Minas Gerais stock in just a few minutes.

Fact checked

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 5,329 staff and has a market cap (total outstanding shares value) of USD$3.8 billion.

How to buy shares in Companhia Energética de Minas Gerais

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Companhia Energética de Minas Gerais. Find the stock by name or ticker symbol: CIG. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Companhia Energética de Minas Gerais reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Companhia Energética de Minas Gerais, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Companhia Energética de Minas Gerais. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Companhia Energética de Minas Gerais share price

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

Companhia Energética de Minas Gerais shares at a glance

Information last updated 2021-02-24.
52-week rangeUSD$1.2177 - USD$3.1394
50-day moving average USD$2.6221
200-day moving average USD$2.3021
Wall St. target priceUSD$3.23
PE ratio 10.5869
Dividend yield USD$0.134 (6.01%)
Earnings per share (TTM) USD$0.213

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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.

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 11x. In other words, Companhia Energética de Minas Gerais shares trade at around 11x 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 financials

Gross profit TTM USD$6.8 billion
Return on assets TTM 4.8%
Return on equity TTM 11.76%
Profit margin 8.2%
Book value $2.702
Market capitalisation USD$3.8 billion

TTM: trailing 12 months

Shorting Companhia Energética de Minas Gerais shares

There are currently 11.6 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 13% down from 13.4 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 7.0 million). Companhia Energética de Minas Gerais's SIR currently stands at 1.65. In other words for every 100,000 Companhia Energética de Minas Gerais shares traded daily on the market, roughly 1650 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 0.01% of the outstanding shares (for every 100,000 Companhia Energética de Minas Gerais shares in existence, roughly 10 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable Companhia Energética de Minas Gerais shares, roughly 0 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

46%

Dividend payout ratio: 45.79% of net profits

Recently Companhia Energética de Minas Gerais has paid out, on average, around 45.79% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.3% 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 5.3% return on their shares, in the form of dividend payments. In Companhia Energética de Minas Gerais's case, that would currently equate to about $0.134 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 13 December 2017. The latest dividend was paid out to all shareholders who bought their shares by 7 January 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 13 August 2020.

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 $1.2177 up to $3.1394. A popular way to gauge a stock's volatility is its "beta".

CIG.US volatility(beta: 1.05)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 1.0484. This would suggest that Companhia Energética de Minas Gerais's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

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, 2019, the company operated 80 hydroelectric, thermoelectric, and wind and solar plants with an installed capacity of 6,000 MW; 4,134 km of transmission lines; and 335,421 km of distribution lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; 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 founded in 1952 and is headquartered in Belo Horizonte, Brazil.

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