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Last $73.99 MXN
Change Today 0.00 / 0.00%
Volume 0.0
CIGN On Other Exchanges
Symbol
Exchange
New York
Sao Paulo
New York
Mexico
OTC US
Sao Paulo
Frankfurt
Frankfurt
As of 4:09 PM 04/30/15 All times are local (Market data is delayed by at least 15 minutes).

cemig sa -spons adr (CIGN) Snapshot

Open
$76.14
Previous Close
$73.99
Day High
$76.14
Day Low
$73.99
52 Week High
07/23/14 - $110.26
52 Week Low
03/13/15 - $56.42
Market Cap
92.7B
Average Volume 10 Days
25.1K
EPS TTM
--
Shares Outstanding
838.1M
EX-Date
05/4/15
P/E TM
--
Dividend
$0.15
Dividend Yield
20.96%
Current Stock Chart for CEMIG SA -SPONS ADR (CIGN)

cemig sa -spons adr (CIGN) Related Businessweek News

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cemig sa -spons adr (CIGN) Details

Companhia Energética de Minas Gerais S.A. – CEMIG, through its subsidiaries, engages in the generation, transformation, transmission, distribution, and sale of electric energy primarily in Minas Gerais, Brazil. As of December 31, 2014, the company generated electricity through 78 hydroelectric plants, 3 thermoelectric plants, and 23 wind farms with a total installed capacity of 7,716 megawatts; owned and operated the generation and transmission network of 1,355 miles of 500 kV lines, 1,228 miles of 345 kV lines, and 478 miles of 230 kV lines in Minas Gerais; and operated 316,500 miles of distribution lines. It also acquires, explores for, transports, distributes, and sells natural gas and its sub products and derivatives; offers network and Internet access connectivity solutions, telecommunication services, energy solutions and consulting services, and technology systems, as well as systems for operational management of public service concessions; and sells and trades in electricity. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil.

7,922 Employees
Last Reported Date: 03/27/15
Founded in 1952

cemig sa -spons adr (CIGN) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

cemig sa -spons adr (CIGN) Key Developments

Companhia Energética de Minas Gerais S.A. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Companhia Energética de Minas Gerais S.A. reported audited consolidated earnings results for the year ended December 31, 2014. For the period, the company’s net revenue was BRL 19,540 million against BRL 14,627 million a year ago. Income before Financial income and taxes was BRL 5,580 million against BRL 4,363 million a year ago. Income before income tax and social contribution tax was BRL 4,479 million against BRL 4,054 million a year ago. Net income for the year was BRL 3,137 million against BRL 3,104 million a year ago. Total of net income for the year attributed to controlling shareholders was BRL 3,137 million or BRL 2.49 basic and diluted per common share against BRL 3,104 million or BRL 2.47 basic and diluted per common share a year ago. Basic and diluted income per preferred share was BRL 2.49 against BRL 2.47 a year ago. Net cash generated by operating activities was BRL 3,734 million against BRL 3,515 million a year ago. Investments in PP&E were BRL 122 million against BRL 69 million a year ago. Investments in intangible assets were BRL 798 million against BRL 908 million a year ago.

Cemig Reportedly Prepares Sale Of Stake In Broadband Unit

Companhia Energética de Minas Gerais S.A. (BOVESPA:CMIG4) is preparing to sell a stake in its broadband operation to private equity firm GP Investments Ltd and other investors, as reported. GP Investments' representative said GP Investments does not comment on market speculation. Cemig's press office in Belo Horizonte, Brazil, could not be reached for comment.

Companhia Energética de Minas Gerais S.A., Annual General Meeting, Apr 30, 2015

Companhia Energética de Minas Gerais S.A., Annual General Meeting, Apr 30, 2015., at 14:00 GMT Standard Time. Location: Av. Barbacena 1200, 21st floor. Agenda: To consider examination, debate and voting on the report of management and the financial statements for the year ended December 31, 2014, and the related complementary documents; to consider allocation of the net profit for 2014, in the amount of BRL 3,136,639,000 and of the balance of retained earnings in the amount of BRL 70,508,000; to consider decision on the form and payment of the minimum obligatory dividend; to consider election of the sitting and substitute members of the audit board, due to completion of their period of office, and setting of their remuneration; to change in the composition of the Board of Directors, due to resignation; to setting of the remuneration of management; to consider orientation of vote by the representatives in the extraordinary and ordinary general meetings of stockholders; and to consider orientation of vote of the representative(s) in the ordinary and extraordinary general meetings of stockholders.

 

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Industry Analysis

CIGN

Industry Average

Valuation CIGN Industry Range
Price/Earnings 5.1x
Price/Sales 0.8x
Price/Book 1.4x
Price/Cash Flow 2.7x
TEV/Sales NM Not Meaningful
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