Companhia Energética de Minas Gerais (CIG) News & Overview - Discounting Cash Flows
CIG
Companhia Energética de Minas Gerais
CIG (NYSE)

CIG's Business Model

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.
Sector & Industry Utilities / Diversified Utilities
Website https://www.cemig.com.br
CEO (Chief Executive Officer) Reynaldo Passanezi Filho
Number of Employees
IPO date November 18, 1996

CIG Latest News

Contact
CountryBR
AddressAvenida Barbacena, 1200
CityBelo Horizonte
StateMG
Phone55 31 3506 5024
Zip Code30190-131
Other Identifiers
CIK0001157557
ISINUS2044096012
CUSIP204409601
Open2.28
Previous Close2.29
Volume1.6 Mil.
Average Volume3.93 Mil.
Day’s Range2.2429 – 2.2835
52 Week Range1.59-2.3
MA (50)2.0702
MA (200)1.99
Market Cap6.48 Bil.
Shares Out.2.86 Bil.
Earnings DateMar 19, 2026
Beta
Last Dividend
EPS
PE

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