CIG - Companhia Energética de Minas Gerais
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Nykredit A S bought a new stake in shares of Comp En De Mn Cemig ADS (NYSE: CIG) in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 401,997 shares of the utilities provider's stock, valued at approximately $844,000. Several other hedge funds have
Cemig is a state-controlled Brazilian utility operating as a natural monopoly in the state of Minas Gerais. I rate CIG as Hold; operational improvements since 2019 are largely priced in. Despite trading at low multiples, governance risk, slow growth rates, and FX exposure temper the upside. I expect the current 11% yield to come under pressure from rising capex, increased leverage, and higher interest expenses.
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Companhia Energética de Minas Gerais - CEMIG (CIG) Q2 2026 Earnings Call Transcript
Comp En De Mn Cemig ADS NYSE: CIG reported recurring EBITDA of BRL 2.5 billion for the second quarter of 2026, with recurring EBITDA rising 9.3% from a year earlier and recurring net income increasing 15.6%, according to management during the company's earnings call.
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CEMIG remains a compelling buy after an 18% stock drop, driven by weather and macro factors outside its control. CIG's core strengths include stable cash flow, sector-leading ESG credentials, and a focused investment plan targeting $8.8B from 2026–2030. Valuation is attractive, with a 7.66x EBITDA multiple and potential 30% upside to a $2.84 fair price if normalized to sector medians.
The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
Comp En De Mn Cemig ADS NYSE: CIG, the Brazilian electric utility known as CEMIG, reported first-quarter 2026 EBITDA of BRL 1.79 billion and profit of BRL 979 million, while management highlighted continued investment in distribution, debt profile management and challenges tied to energy price volatility and hydrological risk.
Companhia Energética de Minas Gerais - CEMIG (CIG) Q1 2026 Earnings Call Transcript
BELO HORIZONTE, Brazil, April 17, 2026 /PRNewswire/ -- COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("Cemig") (NYSE: CIG, CIG.C; B3: CMIG3, CMIG4), a publicly held company with shares traded on the exchanges of São Paulo and New York, hereby informs the Brazilian Securities and Exchange Commission (CVM), B3 S.A. Brasil, Bolsa, Balcão ("B3") and the markets in general that it has registered on April 17, 2026, its Form 20-F for the 2025 fiscal year ("Form 20-F 2025") with the U.S. Securities and Exchange Commission ("SEC").
Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its position in shares of Comp En De Mn Cemig ADS (NYSE: CIG) by 77.8% in the undefined quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,585 shares of the utilities provider's stock after selling 209,407
Comp En De Mn Cemig ADS (NYSE: CIG - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $2.51 and last traded at $2.4750, with a volume of 5713086 shares. The stock had previously closed at $2.47. Analyst Ratings Changes Separately, Weiss Ratings upgraded
Companhia Energética de Minas Gerais - CEMIG (CIG) Q4 2025 Earnings Call Transcript
Comp En De Mn Cemig ADS (NYSE: CIG - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $2.01 and traded as high as $2.03. Comp En De Mn Cemig ADS shares last traded at $2.0150, with a