CMIG4.SA - Companhia Energética de Minas Gerais

Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
8.22
-0.18 (-2.14%)
At close: 5:06PM BRT
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Previous Close8.40
Open8.44
Bid8.16 x 0
Ask8.28 x 0
Day's Range8.16 - 8.55
52 Week Range4.98 - 9.59
Volume9,585,000
Avg. Volume10,391,478
Market Cap10.047B
Beta1.57
PE Ratio (TTM)11.98
EPS (TTM)0.69
Earnings DateMay 15, 2018
Forward Dividend & Yield0.50 (6.03%)
Ex-Dividend Date2018-05-02
1y Target Est9.97
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  • Reuters28 days 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, ...

  • Reuterslast month

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    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.

  • Reuters2 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.

  • Reuters2 months ago

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

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  • Capital Cube4 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...)

  • Reuters5 months ago

    Brazil's Renova Energia board approves Brookfield deal

    BRASILIA/SAO PAULO, Nov 27 (Reuters) - Renova Energia SA's board has approved Brookfield Asset Management Inc's proposal to acquire a controlling stake in the Brazilian renewable energy company for 1.4 billion reais ($433 million), a securities filing showed on Monday. Brookfield will buy new units, which consist of preferred and common shares, for 6 reais each, according to the filing by Renova stakeholder Light SA. It may pay an extra 1 real per unit, Renova's most-traded stock, depending on the sale of wind farm Alto Sertao II. Units of Renova, which is controlled by Companhia Energetica de Minas Gerais, rose 3.3 percent to 6.95 reais in opening trading on Monday, extending gains this year to 16 percent.

  • Companhia Energética de Minas Gerais SA :CMIG4-BR: Earnings Analysis: Q3, 2017 By the Numbers : November 22, 2017
    Capital Cube5 months ago

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    Categories: Yahoo FinanceGet free summary analysis Companhia Energética de Minas Gerais SA reports financial results for the quarter ended September 30, 2017. We analyze the earnings along side the following peers of Companhia Energética de Minas Gerais SA – Centrais Eletricas Brasileiras SA-Eletrobras Pfd B, CPFL Energia S.A., SSE plc Sponsored ADR, Enel Americas S.A. Sponsored ADR, ... Read more (Read more...)

  • Companhia Energetica (CIG) Incurs Loss in Q3 on High Costs
    Zacks5 months ago

    Companhia Energetica (CIG) Incurs Loss in Q3 on High Costs

    Companhia Energetica de Minas Gerais' (CIG) third-quarter 2017 bottom-line results suffered from rise in operating expenses and equity method losses.

  • Reuters6 months 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.

  • Reuters7 months 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.

  • Reuters7 months 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.

  • Reuters7 months 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.

  • Reuters7 months ago

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  • Capital Cube7 months ago

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    Categories: Fundamental Analysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Companhia Energética de Minas Gerais SA a score of 47. Our analysis is based on comparing Companhia Energética de Minas Gerais SA with the following peers – Centrais Eletricas Brasileiras SA-Eletrobras Pfd B, Companhia Paranaense de Energia – COPEL Pfd B, CPFL Energia S.A., SSE plc Sponsored ... Read more (Read more...)

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  • Companhia Energética de Minas Gerais SA breached its 50 day moving average in a Bearish Manner : CMIG4-BR : September 26, 2017
    Capital Cube7 months ago

    Companhia Energética de Minas Gerais SA breached its 50 day moving average in a Bearish Manner : CMIG4-BR : September 26, 2017

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  • Reuters7 months ago

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

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

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  • Reuters7 months ago

    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 ...

  • Reuters8 months ago

    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.

  • Companhia Energética de Minas Gerais SA breached its 50 day moving average in a Bearish Manner : CMIG4-BR : September 4, 2017
    Capital Cube8 months ago

    Companhia Energética de Minas Gerais SA breached its 50 day moving average in a Bearish Manner : CMIG4-BR : September 4, 2017

    Categories: ETFs Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Companhia Energética de Minas Gerais SA. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day ... Read more (Read more...)