CIG - Companhia Energética de Minas Gerais

NYSE - NYSE Delayed Price. Currency in USD
2.57
-0.02 (-0.77%)
At close: 4:02PM EDT

2.57 0.00 (0.00%)
After hours: 4:02PM EDT

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Previous Close2.59
Open2.59
Bid2.48 x 1000
Ask2.64 x 1000
Day's Range2.55 - 2.62
52 Week Range2.06 - 3.84
Volume4,473,474
Avg. Volume3,734,180
Market Cap3.32B
Beta2.37
PE Ratio (TTM)18.10
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.08 (3.02%)
Ex-Dividend Date2017-05-15
1y Target EstN/A
Trade prices are not sourced from all markets
  • Reuters11 hours ago

    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. Cesar Vaz Fernandes's exit will be followed by management changes that will affect at least two other top executives, one of the sources said. Cemig, as the company is known, did not have an immediate comment.

  • Reuters15 days ago

    Brookfield refrains from higher bid for Brazil's Renova -source

    Brookfield Asset Management Inc has refrained from improving an original bid for Brazilian renewable power company Renova Energia SA, after due diligence proceedings showed liabilities that were unaccounted for, a person with direct knowledge of the situation said on Thursday. Brookfield is leaning toward presenting a bid to Cia Energética de Minas Gerais SA and Light SA, valuing their combined 67 percent voting stake at the equivalent of 9 reais ($2.85) per unit of Renova, said the person, who asked for anonymity because the transaction remains private. A final round of auditing in Renova showed an unnamed project bore a shortfall that had been previously unaccounted for, the person said, without elaborating.

  • Capital Cube17 days ago

    ETFs with exposure to Companhia Energética de Minas Gerais SA : October 3, 2017

    Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Companhia Energética de Minas Gerais SA Here are 5 ETFs with the largest exposure to CIG-US. Comparing the performance and risk of Companhia Energética de Minas Gerais SA with the ETFs that have exposure to it gives us some ETF choices that could give us ... Read more (Read more...)

  • Reuters21 days ago

    Exclusive: Brazil's Minas state to oust Cemig CEO Alvarenga, sources say

    The No. 1 shareholder in Cia Energética de Minas Gerais SA has decided to oust Chief Executive Bernardo Alvarenga and three senior executives after the debt-laden power utility lost control of four dams and took too long to shed assets, two people directly involved in the matter said on Friday. The Brazilian sate of Minas state, which has 51 percent voting control of the utility known as Cemig, will announce the ouster of Alvarenga and three senior vice presidents after their replacements have been found, one of the people said.

  • Reuters21 days ago

    Cemig to exit Brazil's Renova as Brookfield hints at higher bid: sources

    Cia Energética de Minas Gerais SA and a subsidiary plan to exit their controlling stake in Brazilian renewable power company Renova Energia SA as Brookfield Asset Management Inc considers raising a takeover bid more than initially expected, two people with direct knowledge of the matter said on Friday. According to the people, who requested anonymity because the talks remain private, Brookfield would offer Cemig and subsidiary Light SA the equivalent of 11.75 reais ($3.72) per unit of Renova. Reuters reported on Sept. 19 that Brookfield was considering proposing to buy each unit of Renova at 11.25 reais to persuade both shareholders into selling their combined 64.4 percent stake.

  • Reuters23 days ago

    EMERGING MARKETS-LatAm currencies weaken on Yellen comments, Trump tax plan

    Latin American currencies weakened on Wednesday as the market digested comments from Federal Reserve Chair Janet Yellen which seemed to confirm that further U.S. interest rate hikes are coming soon. In an address on Tuesday, Yellen said it would be "imprudent" to keep rates on hold until inflation accelerates to the U.S. central bank's 2 percent target. U.S. President Donald Trump's plan to slash rates on businesses and the wealthy could also speed up consumer price increases, paving the way for tighter monetary policy.

  • Reuters24 days ago

    EMERGING MARKETS-LatAm currencies down on N.Korea, Fed jitters

    Latin American currencies weakened on Tuesday, weighed down by continuing tensions between North Korea and the United States, as well as the prospect of higher U.S. interest rates. North Korea's foreign ...

  • Capital Cube28 days ago

    ETFs with exposure to Companhia Energética de Minas Gerais SA : September 22, 2017

    Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Companhia Energética de Minas Gerais SA Here are 5 ETFs with the largest exposure to CIG-US. Comparing the performance and risk of Companhia Energética de Minas Gerais SA with the ETFs that have exposure to it gives us some ETF choices that could give us ... Read more (Read more...)

  • Companhia Energética de Minas Gerais SA :CIG-US: Earnings Analysis: Q2, 2017 By the Numbers : September 21, 2017
    Capital Cube29 days ago

    Companhia Energética de Minas Gerais SA :CIG-US: Earnings Analysis: Q2, 2017 By the Numbers : September 21, 2017

    Categories: Yahoo FinanceGet free summary analysis Companhia Energética de Minas Gerais SA reports financial results for the quarter ended June 30, 2017. We analyze the earnings along side the following peers of Companhia Energética de Minas Gerais SA – Companhia Paranaense de Energia Sponsored ADR Pfd Class B, CPFL Energia S.A. Sponsored ADR, FirstEnergy Corp., Consolidated Edison, ... Read more (Read more...)

  • Reuterslast month

    Brazil's Vale to meet debt target before implementing new growth plans -exec

    The new growth strategy being evaluated by Brazil's Vale would only be implemented once the company meets its debt reduction targets, an executive director for the world's largest iron ore producer said ...

  • Reuterslast month

    EMERGING MARKETS-Brazil currency falls as Temer faces fresh graft probe

    The Brazilian real plunged on Tuesday as a Supreme Court judge authorized a fresh investigation into beleaguered President Michel Temer for suspected corruption. Justice Luis Roberto Barroso authorized the investigation of Temer on suspicion of graft charges involving a decree regulating ports, adding to corruption allegations the president has so far parried with backing from Congress.

  • Reuterslast month

    EMERGING MARKETS-Brazil currency weaker as Temer falls under police suspicion

    The Brazilian real weakened on Tuesday after police said they suspected President Michel Temer, alongside a group of close aides from his party, participated in illegal acts. In a report on Monday, police ...

  • Reuterslast month

    Brazil's Andrade Gutierrez walks out of Cemig shareholder accord

    In a surprise move, a unit of Andrade Gutierrez SA, a Brazilian infrastructure and energy conglomerate, decided to leave the controlling bloc of Cia Energetica de Minas Gerais SA, putting an end to months of tension with the Brazilian power utility's largest shareholder. In a Thursday filing, the utility known as Cemig said that AGC Energia S/A, a subsidiary of Andrade Gutierrez, said it would sell its stake in the company through a bloc trade, without elaborating. For almost 15 years, Andrade Gutierrez was part of Cemig's controlling bloc with the Brazilian state of Minas Gerais.

  • Reuters2 months ago

    EMERGING MARKETS-Chile peso touches 2-year high vs dollar as copper soars

    The Chilean peso on Tuesday hit the strongest level in over two years as prices of copper soared, lifted by falling global inventories of the base metal, a key Chilean export. Benchmark copper futures ...

  • Reuters2 months ago

    China's SPIC to participate in Brazil dam auctions -source

    China's State Power Investment Corp plans to participate in the auction of four hydroelectric dams whose licensing was seized from Cia Energética de Minas Gerais SA in recent months, a person with direct knowledge of the situation said on Monday. The Chinese company, known as SPIC, has arranged the help of two unnamed investment banks to structure a proposal for the Miranda, São Simão, Jaguara and Volta Grande dams, said the person, who was not authorized to publicly discuss the matter and requested anonymity. The four dams, in the states of São Paulo and Minas Gerais, have a combined generation capacity of 2.9 gigawatts.

  • CEMIG (CIG) Unit to Sell Umburanas Wind Farm Rights to Engie
    Zacks2 months ago

    CEMIG (CIG) Unit to Sell Umburanas Wind Farm Rights to Engie

    Selling Umburanas wind farm complex project to Engie Brasil will improve Renova's, unit of Companhia Energetica de Minas Gerais (CIG), liquidity position and lower capital spending needs.

  • Companhia Energética de Minas Gerais SA : CIG-US: Dividend Analysis : May 17th, 2017 (record date) : By the numbers : August 16, 2017
    Capital Cube2 months ago

    Companhia Energética de Minas Gerais SA : CIG-US: Dividend Analysis : May 17th, 2017 (record date) : By the numbers : August 16, 2017

    Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing Companhia Energética de Minas Gerais SA with the following peers – Centrais Eletricas Brasileiras S.A. – Eletrobras Sponsored ADR Pfd Class B, Companhia Paranaense de Energia Sponsored ADR Pfd Class B, CPFL Energia S.A. Sponsored ADR, FirstEnergy Corp., Consolidated Edison, Inc., Power Assets Holdings Limited ... Read more (Read more...)

  • Reuters2 months ago

    Brazil's Cemig profit misses estimates as financial income slumps

    Cia Energética de Minas Gerais SA missed second-quarter profit estimates as some costs rose faster than revenue and income from financial investments slumped, probably reflecting a decline in domestic borrowing costs. Net income was 138.11 million reais ($43 million) in the quarter, down 32 percent from the same period a year ago, Cemig said in a securities filing late on Friday. The number missed the average consensus estimate of 341.51 million reais compiled by Thomson Reuters.

  • Reuters3 months ago

    Chinese may bid for Brazil clean energy assets -letter

    Chinese investors may bid for assets belonging to Brazil's renewable energy company Renova Energia SA and power generation assets owned by Light SA, according to a letter sent to managers of the firms seen by Reuters. The plan announced by the company, known as Cemig, may entail the full sale of both Light and Renova. Cemig declined comment.

  • Reuters3 months ago

    China's Ciri says Chinese groups vying for Cemig energy assets

    Chinese groups are interested in acquiring assets belonging to clean energy company Renova Energia SA and generation assets belonging to Renova's parent Light SA, according to a document seen by Reuters. ...

  • Reuters3 months ago

    EMERGING MARKETS-LatAm currencies up after weak U.S. inflation, retail data

    Latin American currencies strengthened on Friday after weaker-than-expected U.S. economic data reduced bets on a third U.S. interest rate increase this year, with Mexico's peso gaining to its strongest ...

  • Reuters3 months ago

    Brookfield, Renova talks cool over management rights, sources say

    The reluctance of Renova Energia SA's largest shareholder to give up management of the debt-laden Brazilian renewable power firm threatens to derail takeover talks with Brookfield Asset Management Inc, three people familiar with the matter said on Thursday. Power utility Cia Energética de Minas Gerais SA wants to be part of a Brookfield-led turnaround of Renova, two of the people said. The utility known as Cemig owns 34.2 percent of Renova.

  • Reuters3 months ago

    Brazil's Cemig vows to use asset sales to repay debt

    Cia Energética de Minas Gerais SA will mainly use proceeds from planned asset sales to repay 5 billion reais ($1.5 billion) of debt maturing this year, as Brazil's most leveraged major power utility faces pressure from creditors to downsize quickly. In a Monday conference call with investors, Chief Financial Officer Adezio Lima said Cemig had decided to fully dispose of a majority, 43 percent stake in Rio de Janeiro utility Light SA and focus on in-house generation, transmission, distribution and sale of electricity. Cemig, Brazil's No. 3 power utility, is making headway on efforts to cut capital spending this year after losing the licensing rights for several hydropower dams and seeing a surge in fresh capital needs from some subsidiaries, Lima said.

  • Reuters3 months ago

    EMERGING MARKETS-Mexico peso extends gains on trade talk hopes

    The Mexican peso extended gains on Monday as investors hoped that talks between Mexico and the United States over the North America Free Trade Agreement could soon reach a favorable conclusion. After suffering ...

  • Reuters3 months ago

    Brazil's Cemig will use asset sales to repay bank debt

    Cia Energética de Minas Gerais SA, Brazil's No. 3 power utility, will mostly use proceeds from planned asset sales to repay about 5 billion reais worth of loan debt maturing this year, Chief Financial ...