Companhia Energetica de Minas Gerais

Companhia Energética de Minas Gerais SA engages in the generation, transmission, distribution and sale of electricity, gas distribution, telecommunications and the provision of energy solutions. It operates through the following segments: Generation and Sale, Transmission, Distribution, Gas, and Other Businesses. The Generation and Sale segment engages in the generation of electricity through hydroelectric plants, thermoelectric plants and wind farms. The Transmission segment engages in the electric power transmission business, which consists of transporting electric power from the facilities where it broadcasted to the distribution networks for delivery to final users. The Distribution segment engages in the supply electricity to consumers in the state of Minas Gerais. The Other Businesses segment engages in the telecommunications, national and international energy solutions, and exploitation of natural gas. The company was founded by Juscelino Kubitschek de Oliveira on May 22, 1952 and is headquartered in Belo Horizonte, Brazil.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Companhia Energetica de Minas Gerais - CEMIG (NYSE:CIG ) Q3 2024 Earnings Conference Call November 18, 2024 8:30 AM ET Company Participants Carolina Senna - Investor Relations Superintendent Reynaldo Passanezi Filho - Chief Executive Officer Leonardo George de Magalhaes - Chief Finance and Investor Relations Officer Dimas Costa - Chief Commercial Officer Conference Call Participants Marcelo Sa - Banco Itau Daniel Travitzky - Banco Safra Carolina Senna Good morning, everyone. I am Carolina Senna, Cemig's Investor Relations Superintendent.

Companhia Energetica de Minas Gerais - CEMIG (CIG) Q3 2024 Earnings Call Transcript

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Comp En De Mn Cemig (CIG) Stock Undervalued Right Now?

Here is how Cemig (CIG) and Pinnacle West (PNW) have performed compared to their sector so far this year.

Is Comp En De Mn Cemig (CIG) Stock Outpacing Its Utilities Peers This Year?

Cemig (CIG) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Why Fast-paced Mover Cemig (CIG) Is a Great Choice for Value Investors

Should Value Investors Buy Comp En De Mn Cemig (CIG) Stock?

Here is how Cemig (CIG) and National Fuel Gas (NFG) have performed compared to their sector so far this year.

Is Comp En De Mn Cemig (CIG) Outperforming Other Utilities Stocks This Year?

Are Investors Undervaluing Comp En De Mn Cemig (CIG) Right Now?

Cemig, a state-owned electricity company in Minas Gerais, operates in generation, transmission, and distribution, with stable operations and attractive dividends. Despite governance risks, Cemig's efficient management and solid financials make it a strong income portfolio candidate with a healthy dividend yield. The company plans significant investments through 2028, maintaining a low debt ratio and positioning for sustainable dividends and potential M&A opportunities.

Cemig: A Solid Pick For Dividends In Brazil

Despite Fast-paced Momentum, Cemig (CIG) Is Still a Bargain Stock

Companhia Energetica de Minas Gerais - CEMIG (NYSE:CIG ) Q2 2024 Earnings Conference Call August 20, 2024 8:30 AM ET Company Participants Carolina Senna - Investor Relations Superintendent Marcio Luiz Simoes Utsch - Chair of the Board of Directors Reynaldo Passanezi Filho - Chief Executive Officer Fernando Passalio - Secretary of State for Economic Development, Government of Minas Gerais Leonardo George de Magalhaes - Chief Finance and Investor Relations Officer Marney Tadeu Antunes - Vice President of Distribution Afonso Henriques Moreira Santos - Coordinator, Innovation and Energy Transition Committee Marco da Camino Ancona Lopez Soligo - Vice President of Equity Holdings and Vice President of Generation and Transmission Carlos Colombo - Chief Executive Officer, Gasmig Iuri Mendonca - Chief Executive Officer, Cemig SIM Cristiana Maria Fortini Pinto e Silva - Vice President of Legal Affairs Marcus Vinicius de Castro Lobato - Head of Trading Planning and Marketing Conference Call Participants Bruno Amorim - Goldman Sachs Victor Burke - JPMorgan Daniel Travitzky - Banco Safra Andre Sampaio - Santander Vladimir Pinto - XP Investimentos Carolina Senna Good morning, everyone. We now start our Cemig Day, the 29th Meeting with Investors.

Companhia Energetica de Minas Gerais - CEMIG (CIG) Q2 2024 Earnings Call Transcript

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Cemig (CIG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Cemig (CIG) Is Attractively Priced Despite Fast-paced Momentum

Companhia Energética de Minas Gerais - CEMIG (NYSE:CIG ) Q1 2024 Results Conference Call May 14, 2024 9:00 AM ET Company Participants Carolina Senna - IR Reynaldo Filho - CEO Leonardo Magalhaes - CFO Marney Antunes - CDO Marco Soligo - CPO Conference Call Participants Andre Sampaio - Santander Giuliano Ajeje - UBS [Operator Instructions]. Now I would like to turn the floor over to Carolina Senna, Investor Relations Superintendent.

Companhia Energética de Minas Gerais - CEMIG (CIG) Q1 2024 Earnings Call Transcript

BELO HORIZONTE, Brazil , April 30, 2024 /PRNewswire/ -- A COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("CEMIG") (NYSE: CIG), (NYSE: CIG.C), (B3: CMIG3), (B3: CMIG4), a publicly held company with shares traded on the stock exchanges of São Paulo, New York and Madrid, today announced to the Brazilian Securities and Exchange Commission (CVM), B3 S.A. – Brasil, Bolsa, Balcão ("B3") and the market in general that it has filed on April 30, 2024, Form 20-F for the 2023 fiscal year ("2023 Form 20-F") with the U.S. Securities and Exchange Commission ("SEC").

CEMIG Files 2023 Form 20-F

The company has been delivering excellent results since its turnaround in 2019, with cost reduction, lower leverage, and prospects for further improving its EBITDA margin. Despite this, the company is traded below the multiples of its international peers, even though it is the most profitable and has the best return on equity. The discount compared to peers is due to the political risk, which increased with the news of the company's possible federalization, but which in my view is a buying opportunity.

CEMIG: Remote Chance Of Federalization Opens Up A Great Buying Point

Companhia Energética de Minas Gerais - CEMIG (CIG) Q4 2023 Earnings Call Transcript

Here is how Cemig (CIG) and NRG Energy (NRG) have performed compared to their sector so far this year.

Has Comp En De Mn Cemig (CIG) Outpaced Other Utilities Stocks This Year?

Cemig (CIG) possesses solid growth attributes, which could help it handily outperform the market.

3 Reasons Growth Investors Will Love Cemig (CIG)

Cemig (CIG) could produce exceptional returns because of its solid growth attributes.

Here is Why Growth Investors Should Buy Cemig (CIG) Now

Companhia Energética de Minas Gerais - CEMIG (NYSE:CIG ) Q3 2023 Earnings Conference Call November 10, 2023 1:00 PM ET Company Participants Carolina Senna - Superintendent, IR Reynaldo Passanezi Filho - CEO Leonardo George de Magalhaes - CFO Marco da Camino Ancona Lopez Soligo - Chief Participation Officer Dimas Costa - Chief Commercial Officer Conference Call Participants Operator Good afternoon, everyone, and welcome to Cemig's Third Quarter 2023 Earnings Video Conference Call. We inform that this call is being recorded, and will be available at the company's IR website, where you will also find the company's presentation.

Companhia Energética de Minas Gerais - CEMIG (CIG) Q3 2023 Earnings Call Transcript

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Cemig (CIG) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Looking for a Growth Stock? 3 Reasons Why Cemig (CIG) is a Solid Choice

Companhia Energética de Minas Gerais (NYSE:CIG ) Q2 2023 Earnings Conference Call August 4, 2023 2:00 PM ET Company Participants Carolina Senna - Superintendent, IR Reynaldo Passanezi Filho - CEO Leonardo George de Magalhaes - CFO Thadeu Carneiro da Silva - Chief Generation and Transmission officer Marco da Camino Ancona Lopez Soligo - Chief Participation Officer Conference Call Participants Andre Sampaio - Santander Marcelo Sa - Itau Daniel Travitzky - Safra Bank Operator [Starts Abruptly] Earnings Video Conference Call. We inform that this video conference is being recorded and will be available at the company's [indiscernible] website, where you will find the company's presentation.

Companhia Energética de Minas Gerais (CIG) Q2 2023 Earnings Call Transcript

Brazilian power company Cemig has seen a significant recovery since 2019, with operational expenses and losses now within regulatory limits, and future investment plans focusing on its distribution segment. Cemig's financial results show positive growth, with a recurring EBITDA of R$ 2.1 billion, an 8% increase compared to the previous year, and a profit of over R$ 1.3 billion. The potential privatization of Cemig is under discussion, but the process is complex and unpredictable, making it an uncertain factor for investors to consider.

Cemig: Great Business But Uncertain Future

Companhia Energética de Minas Gerais (NYSE:CIG ) Q1 2023 Results Conference Call May 5, 2023 2:00 PM ET Company Participants Carolina Senna - Superintendent-Investor Relations Leonardo George de Magalhaes - Chief Financial Officer Conference Call Participants Julia Bruton - Santander Operator Good afternoon and welcome to Cemig's First Quarter 2023 Earnings Video Conference Call. We informed that this call is being recorded, and will be available at the company's IR website, where you also find the Company's presentation.

News for Companhia Energetica de Minas Gerais Stock (CIG)