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Energy of Minas Gerais Co

CIG
View Detailed Chart
2.140USD
-0.020-0.93%
Close 02/06, 16:00ETQuotes delayed by 15 min
2.05BMarket Cap
8.92P/E TTM

Energy of Minas Gerais Co

2.140
-0.020-0.93%
Intraday
1m
30m
1h
D
W
M
D

Today

-0.93%

5 Days

-0.47%

1 Month

+4.90%

6 Months

+14.44%

Year to Date

+7.00%

1 Year

+13.83%

View Detailed Chart

Key Insights

Energy of Minas Gerais Co's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 35 out of 65 in the Electric Utilities & IPPs industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Sell, with the highest price target at 1.97.In the medium term, the stock price is expected to remain stable.The company has been performing well in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

Energy of Minas Gerais Co's Score

Industry at a Glance

Industry Ranking
35 / 65
Overall Ranking
174 / 4521
Industry
Electric Utilities & IPPs

Support & Resistance

Relevant data have not been disclosed by the company yet.

Score Analysis

Current score
Previous score

Media Coverage

Last 24 hours
Coverage Level

Very Low
Very High
Neutral

Energy of Minas Gerais Co Highlights

StrengthsRisks
Energy of Minas Gerais Co is a Brazil-based holding company. The Company operates in several states in Brazil, through numerous subsidiaries. However, the Company's operations are primarily centralized in the state of Minas Gerais. The main operational segment is distribution of electrical energy, followed by electric energy commercialization, gas distribution, electric energy generation, and electric energy transmission. Constituted to operate in the commercialization of electric power and as holding company, with interests in subsidiaries or jointly controlled entities, whose objectives are: construction and operation of systems for generation, transformation, transmission, distribution and sale of energy, and also activities in the various fields of energy sector, including gas distribution, provision of distributed generation services and energy efficiency solutions, for the purpose of commercial operation.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 7.39B.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 60.34%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 60.34%.
Overvalued
The company’s latest PE is 8.92, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 146.57M shares, decreasing 0.04% quarter-over-quarter.
Held by Frank Sands
Star Investor Frank Sands holds 93.74K shares of this stock.

Analyst Rating

Based on 3 analysts
Sell
Current Rating
1.970
Target Price
-8.80%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

Energy of Minas Gerais Co News

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Financial Indicators

EPS

Relevant data have not been disclosed by the company yet.

Total revenue

Relevant data have not been disclosed by the company yet.

Energy of Minas Gerais Co Info

Energy of Minas Gerais Co is a Brazil-based holding company. The Company operates in several states in Brazil, through numerous subsidiaries. However, the Company's operations are primarily centralized in the state of Minas Gerais. The main operational segment is distribution of electrical energy, followed by electric energy commercialization, gas distribution, electric energy generation, and electric energy transmission. Constituted to operate in the commercialization of electric power and as holding company, with interests in subsidiaries or jointly controlled entities, whose objectives are: construction and operation of systems for generation, transformation, transmission, distribution and sale of energy, and also activities in the various fields of energy sector, including gas distribution, provision of distributed generation services and energy efficiency solutions, for the purpose of commercial operation.
Ticker SymbolCIG
CompanyEnergy of Minas Gerais Co
CEOFilho (Reynaldo Passanezi)
Websitehttps://www.cemig.com.br/
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