Companhia Energetica de Minas Gerais CEMIG (CIG.N)

CIG.N on New York Stock Exchange

18 Jan 2017
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$-0.05 (-1.85%)
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Companhia Energetica de Minas Gerais-CEMIG is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company's segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is... (more)


Beta: 1.86
Market Cap(Mil.): $3,488.84
Shares Outstanding(Mil.): 1,258.84
Dividend: --
Yield (%): --


  CIG.N Industry Sector
P/E (TTM): 11.86 8.55 13.20
EPS (TTM): 0.23 -- --
ROI: 3.06 9.27 6.63
ROE: 6.47 13.86 11.61

Exclusive: Brazil's Cemig to fire CEO, CFO on Wednesday, sources say

SAO PAULO Cia Energética de Minas Gerais SA will announce the ouster of its chief executive officer and chief financial officer as early as Wednesday after the Brazilian utility's largest shareholder balked at the slow pace of a debt-reduction plan, two people with direct knowledge of the matter said.

18 Dec 2016

Brazil's Cemig says not considering share offering

SAO PAULO, Nov 21 Brazilian power company Cia Energética de Minas Gerais SA said on Monday it is not considering a share offering in order to reduce its debt burden.

22 Nov 2016

Brazil's Cemig backs capital injection into power venture with Vale

SAO PAULO, Nov 21 Cia Energética de Minas Gerais SA has endorsed a plan to increase the capital of Aliança Geração de Energia SA by 1.27 billion reais ($379 million), in which the Brazilian power holding company has a 50 percent stake.

22 Nov 2016

Exclusive: Brazil's Cemig mulls sale of stake in venture with Vale: sources

SAO PAULO - Cia Energética de Minas Gerais SA (Cemig) has decided to sell its minority stake in Aliança Geração de Energia SA, a Brazilian power generation joint-venture with Vale SA , in a deal that could raise around 2 billion reais ($590 million), three people familiar with the plan said.

19 Nov 2016

Brazil's Cemig to raise stake in power distributer Light, seeks new investors

SAO PAULO, Nov 16 Brazil's state-controlled power holding company Cia Energética de Minas Gerais SA will raise its stake in Rio de Janeiro-based power distributor Light SA, an executive told investors during a teleconference.

16 Nov 2016

Brazil's Cemig, FIP Coliseu to raise up to $405 mln with Taesa stake sale

SAO PAULO, Oct 19 Cia Energética de Minas Gerais SA, Brazil's no. 3 power utility, and an investiment vehicle will raise up to 1.29 billion reais ($405 million) with the sale of a stake in Transmissora Aliança de Energia Elétrica SA, according to a securities filing.

19 Oct 2016

Brazil's Cemig in talks with potential buyers of Light stake

SAO PAULO, Sept 16 Cia Energética de Minas Gerais SA, Brazil's No. 3 power utility, is currently in advanced talks with potential partners with which it would share control of electricity distributor Light SA, Chief Executive Officer Mauro Borges said on Friday.

17 Sep 2016

Brazil's Cemig sells stake in Chilean transmission company for $56.5 mln

SAO PAULO, Sept 12 Brazil's power holding company Cia Energética de Minas Gerais has sold a stake in an energy transmission unit in Chile for $56.5 million, the company said in a securities filing on Monday.

13 Sep 2016

EMERGING MARKETS-Latam currencies, stocks down ahead of Fed policy minutes

By Bruno Federowski SAO PAULO, Aug 17 Latin American currencies and stocks fell on Wednesday after comments by a Federal Reserve policymaker fostered bets that the minutes of the Fed's last meeting will strike a hawkish tone. Many investors had believed the Fed would refrain from hiking rates this year as it waits for more evidence about the impact on the U.S. economy of Britain's June 23 vote to leave the European Union. But those expectations took a beating on Tuesday a

17 Aug 2016

Brazil's Cemig reiterates plans for asset sales

SAO PAULO, Aug 9 Brazilian utility Companhia Energética de Minas Gerais said in a securities filing on Tuesday it plans to sell assets to reduce debt, confirming statements made by Chief Executive Mauro Borges in an interview with a local newspaper.

10 Aug 2016

Earnings vs. Estimates