Companhia Energética de Minas Gerais (CIG-C) Research

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.

Market snapshot

Symbol
CIG-C
Price
$2.94
Day change
-5.77%
Market cap
$43.8B
P/E ratio
9.05x
52-week range
2.35-4
Sector
Utilities
Industry
Diversified Utilities
Next earnings
in 2 months

Peer companies

  • The AES Corporation (AES)
  • ALLETE, Inc. (ALE)
  • Algonquin Power & Utilities Corp. (AQN)
  • Avista Corporation (AVA)
  • Brookfield Infrastructure Partners L.P. (BIP)
  • AXIA Energia S.A. (EBR)
  • Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR-B)
  • Enel Chile S.A. (ENIC)

Open Companhia Energética de Minas Gerais (CIG-C) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.