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Companhia Energetica de Minas Gerais CEMIG (CIGc.N)

CIGc.N on New York Stock Exchange

3.67USD
23 Mar 2017
Change (% chg)

$-0.01 (-0.27%)
Prev Close
$3.68
Open
$3.66
Day's High
$3.67
Day's Low
$3.66
Volume
402
Avg. Vol
1,212
52-wk High
$4.70
52-wk Low
$1.45

CIGc.N

Chart for CIGc.N

About

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)

Overall

Beta: 1.90
Market Cap(Mil.): $4,187.04
Shares Outstanding(Mil.): 1,258.84
Dividend: --
Yield (%): --

Financials

  CIGc.N Industry Sector
P/E (TTM): 13.26 8.35 13.43
EPS (TTM): 0.23 -- --
ROI: 3.06 10.17 6.54
ROE: 6.47 14.25 10.97

Brazil's Cemig to sell bigger stake of Light than planned -source

SAO PAULO, March 23 Cia Energética de Minas Gerais SA plans to sell a bigger stake than initially planned in subsidiary Light Energia SA, which wants to speed up the process to help reduce its debt, a person with direct knowledge of the plan said on Thursday.

23 Mar 2017

Exclusive: Brazil's Cemig to cut Light stake by more than half - source

SAO PAULO Cia Energética de Minas Gerais SA plans to sell more than half the 52 percent stake it holds in electricity company Light Energia SA , the latest in a series of planned asset sales aimed at helping Brazil's No. 3 power utility reduce debt, a person with direct knowledge of the plan said on Thursday.

16 Mar 2017

Cemig CFO Castellari leaves for Abu Dhabi's Mubadala -source

SAO PAULO, Feb 21 Paulo Castellari, who was named chief financial officer of Brazilian power utility Cia Energética de Minas Gerais SA (Cemig) only two months ago, is joining Mubadala Development Co PJSC, a source told Reuters on Tuesday.

21 Feb 2017

Odebrecht plea deal says PSDB head discussed kickbacks; he denies -paper

BRASILIA, Feb 2 An Odebrecht SA executive told prosecutors in a plea bargain deal that Senator Aecio Neves, the head of the main allied party in President Michel Temer's coalition, participated in discussions for a kickback scheme while he was governor of Minas Gerais, newspaper Folha de S. Paulo said on Thursday.

02 Feb 2017

UPDATE 3-Brazil state opposes Cemig sale to join debt plan, source says

SAO PAULO, Jan 31 The Brazilian state of Minas Gerais opposes the sale of the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal government-backed debt relief plan, a person with direct knowledge of the matter said.

01 Feb 2017

Brazil state rules out Cemig sale to join debt relief plan, source says

SAO PAULO, Jan 31 The Brazilian state of Minas Gerais has no plans to sell the controlling stake it has in power utility Cia Energética de Minas Gerais SA as condition to join a federal government-backed debt relief plan, a person with direct knowledge of the matter said.

31 Jan 2017

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

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