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Companhia Energética de Minas Gerais - CEMIG (CIG)

Utilities | Utilities - Regulated Electric | Belo Horizonte, Brazil | NYSE
2.13 USD -0.07 (-3.182%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 2.15 +0.02 (0.939%) ⇧ (July 13, 2026, 7:30 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★☆☆☆
Hot Take | July 11, 2026, 3:02 a.m. EDT

This utility stock presents a classic value trap scenario where attractive metrics mask deteriorating operational reality. While the price-to-book ratio of 1.1 looks reasonable on paper, the company is trading at a forward P/E of nearly 15x while reporting negative earnings growth and a massive debt load relative to equity. The most alarming signal is the payout ratio exceeding 100%, meaning the company is paying out more in dividends than it earns in profit, effectively burning capital to maintain the yield. This unsustainable payout structure, combined with free cash flow turning negative, suggests the dividend is at risk of being cut if earnings do not reverse course soon. The price history confirms this distress, showing a multi-year trend of stagnation and decline despite occasional spikes, with the last two years seeing negative returns. The low beta indicates the stock is decoupling from broader market moves, likely due to specific sector headwinds or regulatory issues rather than general risk aversion. With the statistical forecast showing a weak bearish lean and options activity remaining flat, there is no immediate catalyst to drive a recovery. Investors seeking income here are likely being compensated for taking significant downside risk regarding the sustainability of the payout.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.134609
AutoARIMA0.134610
MSTL0.135469
AutoTheta0.139371

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 43%
H-stat 3.47
Ljung-Box p 0.000
Jarque-Bera p 0.006
Excess Kurtosis 0.35
Attribute Value
Sector Utilities
Ex Dividend Date 2026-07-01
Last Dividend Date 2026-07-01
Debt to Equity Ratio 69.259
Revenue per Share 15.161
Market Cap 6,093,253,120
Trailing P/E 6.45
Forward P/E 14.20
Beta 0.09
Profit Margins 11.15%
Previous Name Companhia Energética de Minas Gerais
Website https://www.cemig.com.br

As of July 11, 2026, 3:02 a.m. EDT: Speculator positioning is extremely thin across all expirations, indicating a lack of active directional bets. The sparse open interest suggests the market is currently in a wait-and-see mode rather than aggressively hedging or betting on a specific breakout. Implied volatility is low, reflecting this absence of speculative fervor.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.06% 6.05% 12.49% 11.72%
Dividend History
Date Dividend Yield %
2026-07-02 0.043000 2.057416
2026-05-14 0.048000 2.142857
2026-03-30 0.043000 1.845494
2025-06-30 0.038000 1.938775
2025-05-12 0.119000 6.685393
2025-03-31 0.033000 1.875000
2024-12-30 0.032000 1.787710
2024-09-30 0.030000 1.456311
2024-08-26 0.088000 4.251208
2024-07-01 0.028000 1.581921
2024-05-02 0.067692 3.397667
2024-03-28 0.026923 1.417000
2023-12-22 0.093846 5.422214
2023-09-29 0.030000 1.611571
2023-06-30 0.031538 1.558912
2023-04-28 0.009231 0.495880
2023-03-31 0.028462 1.651812
2022-12-30 0.034615 2.216725
2022-12-23 0.026154 1.596253
2022-09-30 0.031538 2.029673
2022-06-27 0.023846 1.483244
2022-05-02 0.099231 4.867935
2022-04-01 0.023077 0.917434
2021-12-22 0.076923 4.291841
2021-05-03 0.085385 5.091766
2021-01-07 0.042308 2.029535
2020-10-02 0.010769 0.756741
2020-08-13 0.036154 2.385796
2020-01-03 0.052308 2.029863
2019-05-06 0.087692 3.257131
2018-12-28 0.028462 1.051154
2018-05-02 0.115385 6.912464
2017-12-08 0.010769 0.686260
2017-05-15 0.059231 2.730507
2016-12-29 0.070769 3.965505
2016-05-02 0.074615 5.187137
2016-01-07 0.030769 3.305761
2015-05-04 0.116923 3.153525
2015-01-06 0.052308 1.484725
2014-11-13 0.263077 6.745564
2014-07-08 0.470769 7.906973
2014-05-02 0.308462 5.485644
2013-12-12 0.136480 2.944158
2013-05-02 0.368850 5.865302
2012-12-27 0.971074 17.020109
2012-04-30 0.419304 4.073777
2011-12-21 0.282874 3.845724
2011-05-02 0.460608 5.726139
2010-12-21 0.329185 4.741591
2010-04-30 0.325013 4.826525
2009-04-30 0.227634 4.531563
2008-04-28 0.339782 5.077307
2007-04-27 0.432905 7.374905
2006-05-02 0.147751 2.724109
2005-12-29 0.046395 1.100273
2005-05-02 0.048842 1.574596
2005-01-06 0.016689 0.688401
2004-12-08 0.016689 0.666678
2004-09-15 0.016689 0.838004
2004-06-08 0.043391 2.791720
2004-05-07 0.016689 1.095710
2004-01-05 0.023698 1.073050
2003-12-04 0.035269 2.047816
2002-05-21 0.032821 2.253620
2002-01-09 0.031375 1.944843
Additional Data
dividendRate 0.18
dividendYield 8.05
exDividendDate 2026-07-02
trailingAnnualDividendRate 1.228
trailingAnnualDividendYield 0.5581818
lastDividendValue 0.043
lastDividendDate 2026-07-02
dividendDate 2024-09-09

Info Dump

Attribute Value
52 Week Change 0.17021275
Address1 Avenida Barbacena, 1200
All Time High 10.935273
All Time Low 0.534039
Ask 0.0
Ask Size 183,300
Average Daily Volume10 Day 7,461,910
Average Daily Volume3 Month 6,601,668
Average Volume 6,601,668
Average Volume10Days 7,461,910
Beta 0.088
Bid 0.0
Bid Size 48,000
Book Value 1.9736542
City Belo Horizonte
Country Brazil
Crypto Tradeable 0
Currency USD
Current Price 2.13
Current Ratio 0.931
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 2.2
Day Low 2.12
Debt To Equity 69.259
Dividend Date 1,725,840,000
Dividend Rate 0.18
Dividend Yield 8.05
Earnings Call Timestamp End 1,778,259,600
Earnings Call Timestamp Start 1,778,259,600
Earnings Growth -0.058
Earnings Quarterly Growth -0.058
Earnings Timestamp 1,778,184,000
Earnings Timestamp End 1,778,184,000
Earnings Timestamp Start 1,778,184,000
Ebitda 7,750,017,024
Ebitda Margins 0.17870001
Enterprise To Ebitda 3.138
Enterprise To Revenue 0.561
Enterprise Value 24,317,876,224
Eps Current Year 0.03
Eps Forward 0.15
Eps Trailing Twelve Months 0.33
Esg Populated 0
Ex Dividend Date 1,782,950,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 2.1928
Fifty Day Average Change -0.06279993
Fifty Day Average Change Percent -0.02863915
Fifty Two Week Change Percent 17.021275
Fifty Two Week High 2.76
Fifty Two Week High Change -0.6299999
Fifty Two Week High Change Percent -0.22826083
Fifty Two Week Low 1.79
Fifty Two Week Low Change 0.34000015
Fifty Two Week Low Change Percent 0.18994422
Fifty Two Week Range 1.79 - 2.76
Financial Currency BRL
First Trade Date Milliseconds 848,327,400,000
Five Year Avg Dividend Yield 8.05
Float Shares 2,373,078,656
Forward Eps 0.15
Forward P E 14.2
Free Cashflow -3,623,300,352
Full Exchange Name NYSE
Full Time Employees 5,320
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.11873
Gross Profits 5,149,216,768
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.080010004
Implied Shares Outstanding 2,860,681,883
Industry Utilities - Regulated Electric
Industry Disp Utilities - Regulated Electric
Industry Key utilities-regulated-electric
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,782,950,400
Last Dividend Value 0.043
Last Fiscal Year End 1,767,139,200
Last Split Date 1,716,508,800
Last Split Factor 13:10
Long Business Summary Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2025, the company operated 32 hydro plants with a total capacity of 4,434 M, 2 wind farms with a total capacity of 71 MW, and 12 photovoltaic power stations with a total capacity of 169 MW; 365,577 miles of distribution lines; and 4,865 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; sale and trading of energy; construction, implementation, operation and maintenance of electricity transmission; marketing and intermediation of energy-related business; installation, operation, maintenance and rental of solar plants; 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.
Long Name Companhia Energética de Minas Gerais - CEMIG
Market us_market
Market Cap 6,093,253,120
Market State PREPRE
Max Age 86,400
Message Board Id finmb_411574
Most Recent Quarter 1,774,915,200
Name Change Date 2,026-07-13
Net Income To Common 4,837,706,240
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 7,227,395,008
Number Of Analyst Opinions 3
Open 2.18
Operating Cashflow 3,824,052,992
Operating Margins 0.1251
Payout Ratio 1.012
Peg Ratio 0.33
Phone 51 31 3506 5024
Post Market Change 0.01999998
Post Market Change Percent 0.9389662
Post Market Price 2.15
Post Market Time 1,783,985,423
Prev Name Companhia Energética de Minas Gerais
Previous Close 2.2
Price Eps Current Year 71.00001
Price Hint 4
Price To Book 1.0792165
Price To Sales Trailing12 Months 0.14049597
Profit Margins 0.111549996
Quick Ratio 0.663
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.0699999
Regular Market Change Percent -3.18182
Regular Market Day High 2.2
Regular Market Day Low 2.12
Regular Market Day Range 2.12 - 2.2
Regular Market Open 2.18
Regular Market Previous Close 2.2
Regular Market Price 2.13
Regular Market Time 1,783,972,802
Regular Market Volume 7,337,860
Return On Assets 0.059270002
Return On Equity 0.17038
Revenue Growth 0.063
Revenue Per Share 15.161
Sand P52 Week Change 0.20847368
Sector Utilities
Sector Disp Utilities
Sector Key utilities
Shares Outstanding 1,904,080,104
Shares Percent Shares Out 0.0
Shares Short 382
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 2,887
Short Name Comp En De Mn Cemig
Short Percent Of Float 0.0
Short Ratio 0.0
Source Interval 15
State MG
Symbol CIG
Target High Price 2.5
Target Low Price 1.91
Target Mean Price 2.13667
Target Median Price 2.0
Total Cash 1,792,521,984
Total Cash Per Share 0.627
Total Debt 20,011,374,592
Total Revenue 43,369,594,880
Tradeable 0
Trailing Annual Dividend Rate 1.228
Trailing Annual Dividend Yield 0.5581818
Trailing Eps 0.33
Trailing P E 6.4545455
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 2.1856
Two Hundred Day Average Change -0.055599928
Two Hundred Day Average Change Percent -0.025439205
Type Disp Equity
Volume 7,337,860
Website https://www.cemig.com.br
Zip 30,190-131