Companhia Energética de Minas Gerais (CIG)
Companhia Energética de Minas Gerais operates in the Regulated Electric industry of the Utilities sector, headquartered in Belo Horizonte, MG, BR. The stock last traded at $1.98, up 0.25% on the session, giving a market capitalisation of $5.65B. On trailing twelve-month figures it carries a trailing P/E of 9.01, a net margin of 11.2%. Its beta of 0.06 implies it has historically moved less than the broad market.
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 most often compared with the following Utilities names: