Companhia Energética de Minas Gerais Stock (NYSE:CIG)
Previous Close
$1.93
52W Range
$1.62 - $2.19
50D Avg
$2.01
200D Avg
$1.92
Market Cap
$6.24B
Avg Vol (3M)
$1.83M
Beta
0.82
Div Yield
$0.12 (3.28%)
CIG Company Profile
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.
CIG Performance
Revenue Breakdown
Revenue Breakdown by Product/Service
| Product/Service | Dec 20 | Dec 19 |
|---|---|---|
| Transactions With Energy | R$35.00M | R$5.00M |
| Advance Against Future Electricity Supply | R$9.00M | - |
| ICMS Tax - Early Payment | R$12.00M | - |
| Advance For Future Power Supply | R$7.00M | - |
| Reimbursement For Cessation Of Power Purchase Agreement | R$10.00M | - |
| Securities | R$33.00M | - |
| Reimbursement For Decontracted Supply | R$2.00M | R$4.00M |
| Reimbursement For Suspension Of Supply Of Power | R$52.00M | - |
| Receivables from Customers and Traders | R$127.00M | R$166.00M |
| Provision of services | R$5.00M | R$1.00M |
| Accounts Receivable - AFAC | R$27.00M | R$17.00M |
| Provision Of Services | - | R$1.00M |
| Marketable Securities | - | R$8.00M |
Fiscal year ends in Dec 23 | Currency in BRL