Companhia Energética de Minas Gerais (CIG-C) Stock
Companhia Energética de Minas Gerais (CEMIG), through its various subsidiaries, plays a comprehensive role in Brazil's energy landscape, covering the production, transmission, distribution, and retail of power. As of December 31, 2021, its substantial infrastructure included 70 generating facilities powered by hydroelectric, wind, and solar sources, boasting a combined installed capacity of 5,700 megawatts.
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About Companhia Energética de Minas Gerais
Companhia Energética de Minas Gerais (CEMIG), through its various subsidiaries, plays a comprehensive role in Brazil's energy landscape, covering the production, transmission, distribution, and retail of power. As of December 31, 2021, its substantial infrastructure included 70 generating facilities powered by hydroelectric, wind, and solar sources, boasting a combined installed capacity of 5,700 megawatts. The company also maintained an extensive network of 339,086 miles of distribution lines and 4,449 miles of transmission lines. Beyond its core electricity operations, CEMIG's diverse ventures encompass the procurement, transportation, and supply of natural gas, along with its by-products and derivatives. It also provides a range of IT services, such as cloud solutions, infrastructure management, and cybersecurity, as well as supplying technology systems for the operational oversight of public service concessions. Additional activities include energy trading, telecommunications services, distributed power generation, customer account handling, cogeneration, initiatives for energy efficiency, and the management of supply and storage. The company was established in 1952 and is headquartered in Belo Horizonte, Brazil.
Companhia Energética de Minas Gerais is headquartered in BR.
Companhia Energética de Minas Gerais (CIG-C) stock trades at $3.20 with a market capitalization of $9.15B. 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 $2.35 and $4.00, and currently trades 20.0% below its 52-week high. It pays a dividend yielding 5.31%.
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