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Energy of Minas Gerais Co

CIG
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2.190USD
-0.045-2.01%
Close 05/15, 16:00ETQuotes delayed by 15 min
2.09BMarket Cap
7.09P/E TTM

Energy of Minas Gerais Co

2.190
-0.045-2.01%
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Intraday
1m
30m
1h
D
W
M
D

Today

-2.01%

5 Days

-9.13%

1 Month

-17.36%

6 Months

+3.79%

Year to Date

+9.50%

1 Year

+19.67%

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 36 out of 66 in the Electric Utilities & IPPs industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 2.20.In the medium term, the stock price is expected to remain stable.Despite a very weak market performance over the past month, the company shows 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
36 / 66
Overall Ranking
191 / 4482
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 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 7.09, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 151.18M shares, decreasing 13.41% quarter-over-quarter.
Held by CI Select Canadian Equity Fund
Star Investor CI Select Canadian Equity Fund holds 181.29K shares of this stock.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of 0.59.

Analyst Rating

Based on 3 analysts
Hold
Current Rating
2.200
Target Price
-1.79%
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/
KeyAI