CMIG4.SA - Companhia Energética de Minas Gerais

Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
7.15
-0.14 (-1.92%)
At close: 5:08PM BRT
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Previous Close7.29
Open7.19
Bid7.07 x 0
Ask7.12 x 0
Day's Range7.08 - 7.28
52 Week Range6.32 - 8.88
Volume9,890,700
Avg. Volume8,729,034
Market Cap10.17B
Beta1.40
PE Ratio (TTM)12.06
EPS (TTM)0.59
Earnings DateNov 14, 2018
Forward Dividend & Yield0.50 (7.36%)
Ex-Dividend Date2018-05-02
1y Target Est10.11
  • Reuters17 hours ago

    Brazil regulators approve American Tower purchase of Cemig assets

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

  • Reuters8 days ago

    Sale of Brazilian dam Belo Monte not likely in the short term- Petros

    Brazil's Belo Monte hydroelectric dam does not require new capital expenditures and will soon report stable cash flow and pay dividends to shareholders, a director at pension fund Petros said on Tuesday, adding that shareholders are unlikely to sell it in the short term. "A solution for Belo Monte will come when the dam operates at full capacity," Daniel Lima said during an event in the southern city of Florianopolis. Belo Monte is still generating below capacity due to transmission line problems.

  • Reuterslast month

    Brazil' electricity distributor Light plans share offering - filing

    Brazilian electricity distributor Light SA said in a securities filing on Thursday that the company is considering a share offering to raise new funds. Light also said in the filing that it has reached a preliminary agreement with the Brazilian private equity firm GP Investments Ltd to buy part of the electricity distributor's shares, but did not mention the amount or say when the share offering might occur. GP could not be reached for comment after business hours on Thursday.

  • American Tower Expands in Brazil, Wins Bid for Cemig Assets
    Zackslast month

    American Tower Expands in Brazil, Wins Bid for Cemig Assets

    American Tower's (AMT) purchase of telecom assets will enable it to grow in the Brazilian market. The company is anticipated to have paid a premium of more than 70% for the buyout.

  • Reuterslast month

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

    American Tower Corp and unlisted Brazilian operator Algar Telecom SA on Wednesday purchased the broadband network of Cia Energetica de Minas Gerais SA, known as Cemig, potentially spurring more dealmaking ...

  • America Movil says AT&T-Time Warner deal will not change Latam market
    Reuters2 months ago

    America Movil says AT&T-Time Warner deal will not change Latam market

    The CEO of America Movil, Latin America's largest telecommunications company by subscriber numbers, said on Wednesday that AT&T Inc's acquisition of Time Warner will do little to change the telecoms landscape in the region. U.S. telecoms company AT&T closed its deal to buy media company Time Warner for $85 billion last month. "I don't think it's going to affect the market in Latin America," America Movil Chief Executive Daniel Hajj said on a call discussing the company's second-quarter results.

  • America Movil says AT&T-Time Warner deal will not change Latam market
    Reuters2 months ago

    America Movil says AT&T-Time Warner deal will not change Latam market

    The CEO of America Movil, Latin America's largest telecommunications company by subscriber numbers, said on Wednesday that AT&T Inc's acquisition of Time Warner will do little to change the telecoms landscape in the region. U.S. telecoms company AT&T closed its deal to buy media company Time Warner for $85 billion last month. "I don't think it's going to affect the market in Latin America," America Movil Chief Executive Daniel Hajj said on a call discussing the company's second-quarter results.

  • Reuters3 months ago

    China's State Power to bid for Brazil hydroelectric dam -sources

    China's State Power Investment Corp is likely to deliver a bid for Brazil's fourth-largest hydroelectric dam as soon as next month, two people with knowledge of the matter said on Friday. The sources, who requested anonymity because they were not authorized to discuss the deal publicly, said that China's State Power Investment Corp had been in talks with shareholders of the Santo Antonio plant last year, before breaking off negotiations to bid for another dam. Cia Energética de Minas Gerais (Cemig) and Odebrecht SA, the owners of the 3.6-gigawatt Santo Antonio dam in the state of Rondonia, are selling assets to pay down debt.

  • Reuters3 months ago

    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. Cemig, as the company is widely known, plans to auction the assets of its telecoms unit, Cemig Telecom, for a minimum of 367 million reais ($96.9 million) as part of a plan to reduce its large debt load. Cemig did not immediately respond to a request for comment.

  • Reuters3 months ago

    Brazil's Cemig purchases 1.2 gigawatts in energy contracts

    Brazilian state energy firm Cia Energetica de Minas Gerais SA has bought energy contracts from wind and solar parks set to be built in the near future with a total capacity of 1,240 megawatts, it said in a statement on Wednesday. Cemig, as the company is widely known, had organized an auction, in which private companies competed to provide energy to the state-run firm. While the financial terms of the contracts were not immediately available, Cemig executives had previously told Reuters this auction was an important re-contracting opportunity for the company.

  • Thomson Reuters StreetEvents4 months ago

    Edited Transcript of CMIG4.SA earnings conference call or presentation 16-May-18 5:00pm GMT

    Q1 2018 Companhia Energetica de Minas Gerais CEMIG Earnings Call

  • PR Newswire4 months ago

    Filing of 2017 20-F Form with the SEC

    BELO HORIZONTE, Brazil , May 24, 2018 /PRNewswire/ --  COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("Cemig") , a listed company with securities traded on the stock exchanges of São Paulo, New ...

  • Reuters4 months ago

    EMERGING MARKETS-Brazil currency boosted by rate view, Latam FX gains

    Brazil's real jumped more than 1 percent on Tuesday after central bank minutes reinforced investors' beliefs that the country's deepest monetary easing cycle in a decade was over, while other Latin American ...

  • Reuters4 months ago

    EMERGING MARKETS-Brazil's real climbs again after central bank defends rate decision

    Brazil's real jumped almost 1 percent on Tuesday after the central bank released meeting minutes that many traders interpreted as hawkish, while a rally in commodities prices pushed up currencies in other ...

  • Reuters4 months ago

    EMERGING MARKETS-Argentine peso, stocks recover after Lebac note auction

    Argentina's stock market and peso currency climbed on Wednesday after the central bank held a successful auction of its Lebac notes a day earlier, indicating the country had calmed investor jitters at ...

  • Reuters4 months ago

    Brazil's Taesa makes offer for Cemig's Centroeste

    Transmission company Taesa delivered a non-binding offer for 51 percent of Cia Centroeste de Minas Gerais SA, currently owned by Cia Energetica de Minas Gerais, the two companies said in securities filings ...

  • Reuters4 months ago

    China's power investment group seeks new Brazil targets after $2 billion deal

    China's State Power Investment Corp is looking for new Brazilian acquisition targets, even after spending 7.2 billion reais ($2 billion) for a license to operate a hydroelectric plant in the country last September, a senior executive told Reuters. "Brazil is one of the top regional priorities for the group's expansion," said Adriana Waltrick, the country head for SPIC, as the Chinese company is known. SPIC, which operates in 41 countries and owns 120 gigawatts in capacity, aims to expand its capacity by 30 gigawatts worldwide through 2020.

  • Telefonica Brasil to expand ultra-fast broadband to 20 new cities
    Reuters5 months ago

    Telefonica Brasil to expand ultra-fast broadband to 20 new cities

    Telefonica Brasil SA will expand ultra-fast fiber-to-the-home (FTTH) broadband service to more than 20 new cities in 2018 as Brazil's largest telecommunications firm eyes ambitious growth among wealthier clients, a top executive told Reuters. Chief Operating Officer Christian Gebara said in an interview that the number of homes with access to the company's FTTH network will more than double to almost 15 million in the next three years from the current seven million. Telefonica Brasil, which operates under the Vivo brand, is among a number of telecoms firms in Latin America's largest economy focusing on fixed-line broadband as the mobile market becomes saturated.

  • Reuters5 months ago

    Telefonica Brasil to expand ultra-fast broadband to 20 new cities

    Telefonica Brasil SA will expand ultra-fast fiber-to-the-home (FTTH) broadband service to more than 20 new cities in 2018 as Brazil's largest telecommunications firm eyes ambitious growth among wealthier clients, a top executive told Reuters. Chief Operating Officer Christian Gebara said in an interview that the number of homes with access to the company's FTTH network will more than double to almost 15 million in the next three years from the current seven million. Telefonica Brasil, which operates under the Vivo brand, is among a number of telecoms firms in Latin America's largest economy focusing on fixed-line broadband as the mobile market becomes saturated.

  • Reuters6 months ago

    Brazil's Cemig seeks acquisition from Renova Energias

    Brazilian state-run electricity utility Companhia Energética de Minas Gerais presented a binding proposal to Renova Energia to acquire 100 pct of the renewable energies firm's stake in Chipley SP Participacoes, ...

  • Reuters6 months ago

    SPIC renews talks to buy Brazilian hydroelectric project -paper

    SPIC Overseas, a unit of China's State Power Investment Corporation, has renewed talks regarding a possible purchase of Brazil's Santo Antonio hydroelectric power project, a Brazilian newspaper reported on Wednesday. Citing sources familiar with the matter, Valor Econômico said SPIC has returned to the negotiating table after talks with major shareholders Companhia Energetica de Minas Gerais SA , known as Cemig, and engineering conglomerate Odebrecht SA stalled in mid-2017.

  • Reuters6 months ago

    Cemig may auction fiber optic assets rather than telecom unit -sources

    Brazilian state-run utility Cia Energetica de Minas Gerais SA has told parties interested in its fiber-optic arm that it intends to sell those assets in an auction rather than privatize its unit Cemig Telecom, two people familiar with the matter said. Cemig had broken off the divestment process for its fiber optic unit last year. Earlier this month, its board approved the integration of Cemig Telecomunicações SA, as the unit is formally known, into the parent company.

  • Reuters7 months ago

    Brazil's Taesa eyes J&F power lines after Brookfield talks collapse

    Brazilian electricity transmission company Taesa is looking to buy assets that Ambar Energia Ltda, the energy arm of J&F Investimentos SA, has put up for sale, the firm's chief executive told Reuters late ...

  • Capital Cube9 months ago

    ETFs with exposure to Companhia Energética de Minas Gerais SA : December 29, 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 CMIG4-BR. 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...)