Companhia Energética de Minas Gerais (CIG) Stock
Companhia Energética de Minas Gerais (CIG) is a prominent Brazilian energy company whose operations, conducted through its various subsidiaries, span the entire electricity value chain: generation, transmission, distribution, and retail. As of December 31, 2021, CIG's substantial infrastructure included 70 hydroelectric, wind, and solar power plants with a collective installed capacity of 5,700 megawatts.
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About Companhia Energética de Minas Gerais
Companhia Energética de Minas Gerais (CIG) is a prominent Brazilian energy company whose operations, conducted through its various subsidiaries, span the entire electricity value chain: generation, transmission, distribution, and retail. As of December 31, 2021, CIG's substantial infrastructure included 70 hydroelectric, wind, and solar power plants with a collective installed capacity of 5,700 megawatts. Its extensive network also featured 339,086 miles of distribution lines and 4,449 miles of transmission lines. Beyond its core electricity business, the company is active in the gas sector, handling the acquisition, transportation, and distribution of natural gas and its derivatives. Furthermore, CIG offers a diverse range of technology services, including cloud solutions, IT infrastructure and management, cybersecurity, and specialized systems for the operational oversight of public service concessions. Its portfolio extends to energy trading, telecommunications services, distributed generation initiatives, client account services, cogeneration projects, energy efficiency programs, and comprehensive supply and storage management. Established in 1952, Companhia Energética de Minas Gerais maintains its corporate headquarters in Belo Horizonte, Brazil.
Companhia Energética de Minas Gerais is headquartered in BR.
Companhia Energética de Minas Gerais (CIG) stock trades at $2.16 with a market capitalization of $6.18B. The stock is valued at a price-to-earnings (P/E) ratio of 9.71, price-to-book of 1.63, price-to-sales of 1.09. Over the past 52 weeks the stock has ranged between $1.79 and $2.76, and currently trades 21.7% below its 52-week high.
On profitability, Companhia Energética de Minas Gerais generates a return on equity (ROE) of 16.88%, above the typical market average, return on capital employed of 9.39%, an operating margin of 11.41%, a net profit margin of 11.15%.
Official website: www.cemig.com.br