Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy Companhia Energética de Minas Gerais (CIG) stocks in Canada

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

Companhia Energética de Minas Gerais is an utilities-diversified business based in the US. Companhia Energética de Minas Gerais stocks (CIG.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $2.18 – an increase of 3.4% over the previous week. Companhia Energética de Minas Gerais employs 5,102 staff and has a trailing 12-month revenue of around $31.3 billion.

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 2022-01-18.
Latest market close$2.43
52-week range$1.79 - $2.66
50-day moving average $2.38
200-day moving average $2.40
Wall St. target price$2.94
PE ratio 12.0544
Dividend yield $0.879 (11.18%)
Earnings per share (TTM) $0.44

Compare online stock trading platforms

Note: The dollar amounts in the table below are in Canadian dollars.

Name Product Finder Rating Stock Trading Fee Account Fee Available Asset Types Offer
FREE TRADES
Wealthsimple Trade
Finder Rating:
★★★★★
3.9 / 5
$0
$0
Stocks, ETFs
Get 2 free stocks when you deposit and trade $150.
Scotia iTRADE
Finder Rating:
★★★★★
3.8 / 5
$4.99 - $9.99
$0
Bonds, Options, Mutual Funds, ETFs, GICs, International Equities
Interactive Brokers
Finder Rating:
★★★★★
4.1 / 5
Min. $1.00, Max. 0.5%
$0
Stocks, Bonds, Options, ETFs, Currencies, Futures
OFFER
CIBC Investor's Edge
Finder Rating:
★★★★★
4 / 5
$4.95 - $6.95
$0 if conditions met, otherwise $100/year
Stocks, Bonds, Options, Mutual Funds, ETFs
Get up to $2,000 cash back. Conditions apply. Offer ends March 1, 2022.
Questrade
Finder Rating:
★★★★★
4.2 / 5
$4.95 - $9.95
$0
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
Get $50 in free trades when you fund your account with a minimum of $1,000.
Qtrade Direct Investing
Finder Rating:
★★★★★
4.1 / 5
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
Get a $50 bonus when you open a new RRSP, TFSA or RESP and start pre-authorized contributions of $200+/month. Valid until March 1, 2022.
loading

Compare up to 4 providers

Online stock trading

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.

Companhia Energética de Minas Gerais price performance over time

Historical closes compared with the close of $2.43 from 2022-01-21

1 week (2022-01-14) 3.40%
1 month (2021-12-23) 3.40%
3 months (2021-10-22) 4.74%
6 months (2021-07-23) 6.58%
1 year (2021-01-22) -6.18%
2 years (2020-01-24) -33.42%
3 years (2019-01-24) 3.82
5 years (2017-01-24) 2.8

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 12x. In other words, Companhia Energética de Minas Gerais shares trade at around 12x 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 $31.3 billion
Operating margin TTM 15.82%
Gross profit TTM $5.3 billion
Return on assets TTM 5.81%
Return on equity TTM 2194.73%
Profit margin 13%
Book value $11.97
Market capitalisation $4.4 billion

TTM: trailing 12 months

Companhia Energética de Minas Gerais share dividends

47%

Dividend payout ratio: 46.9% of net profits

Recently Companhia Energética de Minas Gerais has paid out, on average, around 46.9% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 11.18% 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 11.18% 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 21 December 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 $1.7861 up to $2.6551. A popular way to gauge a stock's volatility is its "beta".

CIG.US volatility(beta: 0.52)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 0.5221. 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


Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

More on investing

More guides on Finder

Go to site