CIG

Energy Co of Minas Gerais

NYSE· Utilities· Utilities - Regulated Electric· CUSIP 204409601

$2.280.00%Price as of Oct 23, 00:51 UTC · updated once a day, after the close

At a glance

Energy Co of Minas Gerais (CIG) is listed on NYSE and classified in Utilities - Regulated Electric, part of the Utilities sector. It is headquartered in Belo Horizonte, Brazil and has 5,320 employees. The company is worth $6.52B and trades at 7.4x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was R$42.75B in fiscal 2025, up 7.4% from the year before. Net income was R$4.9B. The share price is 17.4% below its 52-week high of $2.76. It pays a dividend yielding 6.58%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $11.45M. In that quarter, 2 of them reduced the position. No open-market insider trades in it were filed over the last 30 days.

Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.

Key metrics

Market cap: $6.52B
P/E: 7.4x
Forward P/E: —
P/B: 1.1x
Dividend yield: 6.58%
Payout: 48.39%
EPS: $0.31
ROE: 15.94%
Profit margin: 10.51%
Revenue growth: +3.40%
Beta: 0.06
52-week high: $2.76
52-week low: $1.87

History

Year by year, from the annual reports; dividends from the payments themselves.

Revenue, debt and profit are in BRL, the currency the company reports in — not converted to dollars. Dividends are in dollars.

Equity, revenue and profitEquityRevenueNet income

Bars are year-end balances; lines are what happened during the year.

Revenue4 years

Net debtDebt minus cash — below zero means more cash than debt

Dividend per share25 years

Dividend growthComplete years only.

Investors holding this

Major managers that reported this stock in their latest 13F.

Price over time

▲ +31.1% over 5Y.

If you had invested$ago,

today you would have $2,396.68▲ +139.7%

Dividends reinvested, splits accounted for. Past prices say what happened, not what will.

Indicators, year by year

The last 4 closed years, each at that year’s closing price and reported numbers.

Indicator	Median	2025	2024	2023	2022
Year-end price		$2.00	$1.77	$1.78	$1.56
EPS		R$1.73	R$2.49	R$2.01	R$1.86
Dividend yield	13.04%	9.50%	15.40%	10.82%	15.27%
Profit margin	14.25%	11.45%	17.87%	15.64%	12.87%
ROE	21.09%	17.14%	26.00%	23.38%	18.79%

This company reports in BRL, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by BRL, so they are not shown; EPS is in BRL. Margin, ROE and dividend yield do not depend on the currency.

Median of the years shown; P/E years above 200x are left out.

Fair price, seven ways

Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.

Graham

Earnings

$3.76

Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.

Lynch (PEGY)

Earnings

$2.04

Earnings growing 0.0% a year plus a 6.6% dividend yield. Growth capped at 25%.

Sector multiples

Earnings

$6.36

Median P/E of 20.5 among peers in the sector.

Its own history

Earnings

—

This formula has no meaning here — usually a loss, negative cash flow, or a missing input.

Discounted cash flow

Cash flow

—

This formula has no meaning here — usually a loss, negative cash flow, or a missing input.

EV/EBITDA

Operating

—

This formula has no meaning here — usually a loss, negative cash flow, or a missing input.

Gordon (dividends)

Dividends

$9.18

Dividend growing 4.8% a year against a 7.0% required return, from the stock’s beta.

How the average is calculated

The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.

Earnings $4.05 (avg. of 3)+Dividends $9.18÷ 2 =$6.62

Average

$6.62

4 methods answered, across 2 families.

With a 25% margin of safety

$4.96

Room for errors in the reported numbers.

Trading at

$2.28

+190.2% from the average.

Models, not forecasts, and not investment advice. How each formula works →

Others in the same sector

Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.

Stock	Price	P/E	P/B	Dividend yield	ROE	Market cap
TXNMTXNM Energy Inc	$58.73	33.8x	1.8x	2.88%	6.25%	$6.47B
SWXSouthwest Gas Holdings, Inc.	$91.08	22.8x	1.6x	2.83%	6.83%	$6.6B
BKHBlack Hills Corp	$79.31	19.8x	1.5x	3.54%	7.96%	$6.05B
ENICEnel Chile S.A.	$4.34	10.8x	1.1x	4.38%	11.00%	$6B
CWENClearway Energy, Inc.	$31.43	40.8x	2.1x	5.92%	-3.17%	$7.75B
BEPCBrookfield Renewable Corp	$29.36	—	—	5.35%	-45.46%	$5.45B

About the company

Employees: 5,320
Headquarters: Belo Horizonte, Brazil
Website: cemig.com.br