|Bid||0.0000 x 1800|
|Ask||0.0000 x 45100|
|Day's Range||2.1100 - 2.2300|
|52 Week Range||1.2800 - 2.9800|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||6.54|
|Forward Dividend & Yield||0.22 (9.69%)|
|Ex-Dividend Date||May 03, 2021|
|1y Target Est||2.90|
Brazilian power utility Cemig is planning an initial public offering of its gas distribution unit, as well as a raft of investments through 2025 and several divestments, executives said on Wednesday, as shares rose almost 4% on the news. Cemig also said it is planning 22.5 billion reais ($4.16 billion) in investments through 2025, with the largest expenditure reserved for improving its distribution network, as well as 4.5 billion reais to invest in wind and solar generation projects that will add 1 gigawatt in capacity. As part of its divestment drive, the company, formally Cia Energetica de Minas Gerais SA, also plans to sell its stake in Alianca Energia, a joint power generation venture with Brazilian mining company Vale SA, the executives said.
To start the presentation, I would like to turn the floor to our investor relations, and IR officer, Leonardo de Magalhaes. Thank you very much for being with us in this conference call for the results of 2020, specifically, and also the fourth quarter of 2020.
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]