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Companhia Energetica de Minas Gers CEMIG

CMIG4.SA

Latest Trade

13.70BRL

Change

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Today's Range

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52 Week Range

10.32

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15.74

As of on the Bolsa de Valores do Estado de Sao Paulo ∙ Minimum 15 minute delay

Pricing

Previous Close
13.70
Open
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Volume
--
3M AVG Volume
205.79
Today's High
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Today's Low
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52 Week High
15.74
52 Week Low
10.32
Shares Out (MIL)
1,458.19
Market Cap (MIL)
20,691.95
Forward P/E
6.78
Dividend (Yield %)
2.22

Next Event

Q3 2019 Companhia Energetica de Minas Gerais CEMIG Earnings Release

Latest Developments

More

Brazil's Cemig Authorized By Regulator To Raise Tariffs By 8.7% In Average- Aneel

Cemig acquires Light SA stakes for 659.4 mln reais

Holding Co RME, One Of Light's Controlling Shareholders, Sells 2.13 Pct Stake For 64 Mln Reais- Filing

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About Companhia Energetica de Minas Gers CEMIG

Companhia Energetica de Minas Gerais-CEMIG is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company's segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation. Its electric power transmission business consists of transporting power from the facilities where it is generated to points of consumption, distribution networks and Free Consumers. Its distribution operation consists of transfers of electricity from distribution substations to final consumers. It is also engaged in businesses, such as telecommunications, energy solutions consulting, and acquisition, transport and distribution of gas and its subproducts and derivatives.

Industry

Electric Utilities

Contact Info

Av. Barbacena 1.200 - Terreo

+55.31.35065024

http://www.cemig.com.br

Executive Leadership

Jose Afonso Bicalho Beltrao da Silva

Chairman of the Board

Bernardo Afonso Salomao de Alvarenga

Chief Executive Officer

Luiz Humberto Fernandes

Deputy Chief Executive Officer

Adezio De Almeida Lima

Chief Financial and Investor Relations Officer

Maura Galuppo Botelho Martins

Chief Officer for Human Relations and Resources

Key Stats

2.55 mean rating - 11 analysts
Sell
Hold
Buy
Revenue (MM, BRL)

2016

18.8K

2017

21.7K

2018

22.3K

2019(E)

23.8K
EPS (BRL)

2016

0.262

2017

0.840

2018

1.166

2019(E)

2.163
Price To Earnings (TTM)
5.17
Price To Sales (TTM)
0.84
Price To Book (MRQ)
1.14
Price To Cash Flow (TTM)
4.29
Total Debt To Equity (MRQ)
81.12
LT Debt To Equity (MRQ)
63.74
Return on Investment (TTM)
10.61
Return on Equity (TTM)
7.29

Latest News

Latest News

Brazil's Cemig extends natural gas distribution contract- filing

Brazilian state-controlled power firm Companhia Energetica de Minas Gerais said in a securities filing on Thursday it paid 891 million reais ($214 million) to the state of Minas Gerais to renew its license to distribute natural gas.

Brazil's Cemig privatization plan could pass within six months: CEO

State approval for the privatization of Brazilian power company Companhia Energetica de Minas Gerais <CMIG4.SA>, known as Cemig, may take "at the maximum" six months, Chief Executive Officer Cledorvino Belini said on Tuesday.

Brazil's Cemig considers IPO of its gas distribution unit: executive

State-run power utility Companhia Energética de Minas Gerais (Cemig) <CMIG4.SA> is considering an initial public offering of its gas distribution unit Gasmig, a company director said on Tuesday.

Brazil power company CPFL eyeing Cemig: CEO

Brazilian power company CPFL Energia <CPFE3.SA> is in an expansion phase that could include the purchase of fellow utility Companhia Energetica de Minas Gerais <CMIG4.SA>, known as Cemig, CPFL Chief Executive Officer Gustavo Estrella told Reuters on Friday.

CORRECTED-Minas Gerais governor says privatizations could raise up to $2.4 bln

The privatization of assets in the Brazilian state of Minas Gerais could raise up to 9 billion reais ($2.35 billion), which will help plug the state’s 12 billion reais deficit but not eliminate it, Governor Romeu Zema said on Thursday.

Police raid Brazil power company Cemig in corruption probe

Brazilian police raided the headquarters of the state-controlled power company Companhia Energetica de Minas Gerais, known as Cemig, on Thursday, according to a police statement.

UPDATE 1-Brazilian power company Cemig names new CEO

Brazilian power company Cia Energética de Minas Gerais, or Cemig, on Friday named Cledorvino Belini as its chief executive, replacing Bernardo Alvarenga, the company said in a securities filing.

Brazil regulators approve American Tower purchase of Cemig assets

Brazilian competition authorities have approved American Tower Corp's <AMT.N> acquisition of telecommunications assets owned by Cia Energetica de Minas Gerais SA <CMIG4.SA>, the government's official bulletin said on Wednesday.

American Tower, Algar buy telecom assets of Brazil's Cemig

American Tower Corp <AMT.N> and unlisted Brazilian operator Algar Telecom SA on Wednesday purchased the broadband network of Cia Energetica de Minas Gerais SA <CMIG4.SA>, known as Cemig, potentially spurring more dealmaking in Brazil's telecoms space.

American Tower, Algar buy telecom assets of Brazil's Cemig

American Tower Corp and local telecommunications company Algar Telecom SA purchased on Wednesday the broadband network of state-run utility Companhia Energetica de Minas Gerais SA, commonly known as Cemig.

Brazil's Cemig considering strategic partnership in Light deal: CFO

Brazilian state-run electricity utility Companhia Energética de Minas Gerais <CMIG4.SA> (Cemig) is considering a strategic partnership as part of its plan to divest its stake in Light SA <LIGT3.SA>, the company's chief financial officer said on Monday.

Brazil's Cemig considering strategic partnership in Light deal -CFO

Brazilian state-run electricity utility Companhia Energética de Minas Gerais (Cemig) is considering a strategic partnership as part of its plan of divesting its stake in Light SA, the company's chief financial officer said on Monday.

Brazil's Cemig delays auction of telecom assets to Aug. 8

Brazilian utility Companhia Energetica de Minas Gerais will delay the auction of its telecommunications assets until Aug. 8, the company said in a securities filing on Monday.

REFILE-Brazil's Cemig Telecom attracts 16 bidders -source

Brazilian utility Companhia Energetica de Minas Gerais has received far more interest than expected in the sale of its telecommunications assets, attracting 16 groups interested in bidding, a person familiar with the matter told Reuters.

UPDATE 1-Brazil's Cemig to name Light's Paroli as chief executive -sources

Brazilian state-run electricity utility Companhia Energética de Minas Gerais will appoint Luís Fernando Paroli as its new chief executive to speed up a stalled asset disposal program, four sources familiar with the matter said.

Cemig hires broker to sell $218 mln worth of units in Taesa

Brazil's electric utility Companhia Energética de Minas Gerais said on Wednesday it hired broker Itaú Corretora de Valores to sell 34 million units issued by power transmission company Transmissora Aliança de Energia Elétrica SA (Taesa), according to a securities filing.

Brazil's Cemig misses profit estimates, posts quarterly loss

Brazil's Cia Energética de Minas Gerais SA missed result estimates to unexpectedly report a quarterly loss amid investment loss provisions and a program to pay overdue taxes, the state-run electricity company said on Wednesday.

Three groups vying for Cemig´s stake in Light, paper says

Italy's Enel SpA, Brazil's Equatorial Energia SA and a third undisclosed company are vying for the share of Light Energia SA owned by Centrais Energéticas de Minas Gerais, newspaper Valor Economico reported on Friday.

Brazil's Cemig fires business development director, sources say

Brazilian state-run electricity company Companhia Energética de Minas Gerais SA has dismissed its business development director, two sources with knowledge of the matter told Reuters.

Brazil's Cemig extends period for investors to access data on Light

Brazilian power firm Companhia Energética de Minas Gerais SA extended by one month on Monday the period for potential investors to access information regarding Rio's power utility Light SA.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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