CIG: Companhia Energética de Minas Gerais SA
About
Companhia Energética de Minas Gerais SA engages in the generation, transmission, distribution and sale of electricity, gas distribution, telecommunications and the provision of energy solutions. It operates through the following segments: Generation and Sale, Transmission, Distribution, Gas, and Other Businesses. The Generation and Sale segment engages in the generation of electricity through hydroelectric plants, thermoelectric plants and wind farms. The Transmission segment engages in the electric power transmission business, which consists of transporting electric power from the facilities where it broadcasted to the distribution networks for delivery to final users. The Distribution segment engages in the supply electricity to consumers in the state of Minas Gerais. The Other Businesses segment engages in the telecommunications, national and international energy solutions, and exploitation of natural gas. The company was founded by Juscelino Kubitschek de Oliveira on May 22, 1952 and is headquartered in Belo Horizonte, Brazil.
Current Value
$1.971 Year Return
Current Value
$1.971 Year Return
Key Details
Market Cap
$3.79B
P/E Ratio
3.72
1Y Stock Return
18.19%
1Y Revenue Growth
3.39%
Dividend Yield
4.36%
Price to Book
1.1
Strategies that include CIG
Stock's related to CIG
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| EBR | 55.15% | $11.94B | -25.89% | 1.30% |
| CSAN | 50.52% | $3.38B | -50.98% | 4.36% |
| SBS | 49.51% | $11.39B | +26.63% | 0.00% |
| BSBR | 48.74% | $16.30B | -30.30% | 6.90% |
| UGP | 47.14% | $3.44B | -36.49% | 4.02% |
| CIG.C | 46.93% | $2.39B | -1.93% | 0.00% |
| VIV | 42.00% | $14.22B | -13.28% | 0.00% |
| SID | 41.05% | $2.60B | -39.32% | 0.00% |
| ABEV | 40.88% | $33.82B | -22.10% | 6.97% |
| TIMB | 40.06% | $6.63B | -20.08% | 4.13% |
| XP | 39.95% | $8.51B | -33.07% | 0.00% |
| ASAI | 38.67% | $1.63B | -54.54% | 0.00% |
| BBD | 38.63% | $12.66B | -19.27% | 1.65% |
| VALE | 37.78% | $42.52B | -32.09% | 0.00% |
| BAK | 37.09% | $855.75M | -38.99% | 0.00% |
| ARCO | 33.59% | $1.75B | -27.38% | 2.63% |
| BBDO | 32.88% | $11.53B | -17.08% | 1.69% |
| NOVA | 30.71% | $546.04M | -58.30% | 0.00% |
| IVR | 30.50% | $492.52M | +2.14% | 19.60% |
| SKM | 30.26% | $8.68B | +1.66% | 6.26% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| TPST | 0.01% | $39.00M | -78.67% | 0.00% |
| EWTX | -0.03% | $3.03B | +401.25% | 0.00% |
| GL | -0.05% | $9.15B | -9.45% | 0.86% |
| THG | -0.10% | $5.86B | +34.60% | 2.10% |
| SCWX | 0.10% | $743.12M | +39.33% | 0.00% |
| VNOM | -0.16% | $5.63B | +83.27% | 3.24% |
| ARM | -0.20% | $139.93B | +115.58% | 0.00% |
| IBKR | 0.20% | $20.87B | +137.71% | 0.36% |
| TXO | 0.21% | $736.85M | -2.65% | 13.08% |
| APRE | 0.27% | $15.89M | -20.58% | 0.00% |
| MOH | 0.27% | $16.94B | -18.86% | 0.00% |
| ROAD | -0.28% | $5.12B | +123.52% | 0.00% |
| LTM | -0.30% | $8.37B | -100.00% | <0.01% |
| SYPR | -0.36% | $32.23M | -26.70% | 0.00% |
| COP | -0.37% | $128.79B | -2.39% | 2.60% |
| NVO | 0.37% | $342.62B | -0.61% | 1.39% |
| YRD | 0.38% | $422.79M | +61.87% | 4.21% |
| IDT | 0.44% | $1.27B | +75.41% | 0.30% |
| AKRO | 0.47% | $2.18B | +95.73% | 0.00% |
| LMT | 0.50% | $128.48B | +20.34% | 2.32% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| VSTS | -15.32% | $2.05B | -6.47% | 0.90% |
| UNM | -14.50% | $13.77B | +76.53% | 2.07% |
| NHTC | -11.94% | $64.47M | +3.99% | 13.82% |
| PAYC | -11.66% | $12.69B | +27.90% | 0.66% |
| QTTB | -10.33% | $329.37M | +172.64% | 0.00% |
| VIRC | -10.31% | $262.42M | +153.70% | 0.52% |
| GYRE | -10.11% | $1.10B | -27.06% | 0.00% |
| ARAY | -10.08% | $190.07M | -31.27% | 0.00% |
| AQB | -9.41% | $3.75M | -53.98% | 0.00% |
| POWL | -9.28% | $3.45B | +244.82% | 0.36% |
| BJ | -9.28% | $12.30B | +41.06% | 0.00% |
| MUSA | -9.13% | $10.76B | +43.71% | 0.33% |
| AAON | -8.91% | $11.02B | +113.35% | 0.24% |
| DKS | -8.74% | $16.42B | +65.56% | 2.08% |
| FSLY | -8.70% | $1.07B | -57.20% | 0.00% |
| SOLV | -8.60% | $12.03B | -12.96% | 0.00% |
| XPEL | -8.41% | $1.24B | -2.75% | 0.00% |
| CYD | -7.92% | $384.48M | -0.79% | 4.00% |
| EDSA | -7.57% | $6.85M | -33.28% | 0.00% |
| CRDO | -7.43% | $7.69B | +146.30% | 0.00% |
ETF's related to CIG
News
Yahoo
Cemig achieves historic financial milestones with a record BRL 5 billion EBITDA and strategic capital gains, while navigating market challenges and planning future investments.
SeekingAlpha
Companhia Energetica de Minas Gerais - CEMIG (NYSE:CIG) Q3 2024 Earnings Conference Call November 18, 2024 8:30 AM ETCompany ParticipantsCarolina Senna -...
Yahoo
We recently compiled a list of the 10 Best Fundamentally Strong Penny Stocks to Invest In. In this article, we are going to take a look at where Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG) stands against the other fundamentally strong penny stocks. As per Royce Investment Partners, small caps saw a rebound in Q3, exhibiting […]
Yahoo
We recently compiled a list of the 8 Most Profitable Penny Stocks To Invest In. In this article, we are going to take a look at where Companhia Energetica Minas Gerais (NYSE:CIG) stands against the other profitable penny stocks. Potential in Small-Caps The misallocation of capital to less productive sectors can lead to inflationary pressures and […]
Yahoo
Companhia Energetica Minas Gerais (CIG) has released an update. Companhia Energetica Minas Gerais reported a robust second quarter in 2024, with a 35.6% increase in net profit compared to the same period last year. The company’s EBITDA also saw significant growth, with Cemig D’s EBITDA surging by 93.1%. These financial highlights indicate a strong performance across the company’s operations, potentially signaling attractive prospects for investors and stakeholders. For further insights into CIG
Yahoo
Cemig reports robust growth in EBITDA and infrastructure investments, while navigating legal hurdles and cost management issues.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.