Companhia Energética de Minas Gerais (CIG-C)
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 $3.13, down 2.19% on the session, giving a market capitalisation of $8.95B. On trailing twelve-month figures it carries a trailing P/E of 10.37, a net margin of 10.5%. Its beta of 0.06 implies it has historically moved less than the broad market.
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 most often compared with the following Utilities names: