Companhia Energética de Minas Gerais - CEMIG (CIG)
Utilities · NYQ
Price as at 1 Oct 2026, 18:18 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Companhia Energética de Minas Gerais - CEMIG trades at $2.10, which is 34% below the $2.81 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 39 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 6.5 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
CIG dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.134 | 3 |
| 2025 | $0.190 | 3 |
| 2024 | $0.273 | 6 |
| 2023 | $0.193 | 5 |
| 2022 | $0.238 | 6 |
| 2021 | $0.205 | 3 |
| 2020 | $0.099 | 3 |
| 2019 | $0.088 | 1 |
| 2018 | $0.144 | 2 |
| 2017 | $0.070 | 2 |
| 2016 | $0.176 | 3 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
CIG earnings and analyst estimates
Recommendation mix, 3 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Companhia Energética de Minas Gerais - CEMIG
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
CIG passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
11 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$11.45M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$2.92M · 0.0% of book
- Jeremy Grantham, Grantham, Mayo, Van Otterloo & Co. LLC$1.89M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$1.35M · 0.0% of book
- Richard Pzena, PZENA INVESTMENT MANAGEMENT LLC$953.3K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
CIG peers
The largest companies in the same industry (Utilities - Regulated Electric), then in the same sector.
- NEE NextEra Energy, Inc.
- NGG National Grid plc
- ES Eversource Energy
- HRNNF Hydro One Limited
- EVRG Evergy, Inc.
- EMA Emera Incorporated
- PNW Pinnacle West Capital Corporation
- OGE OGE Energy Corp.
Every utilities company we cover is on the Utilities hub.
Common questions
Is Companhia Energética de Minas Gerais - CEMIG (CIG) undervalued?
Against our fair value estimate of $2.81, CIG at $2.10 is 34% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own CIG?
11 of the institutions we track reported a position in CIG in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is CIG's P/E ratio?
CIG trades at 6.5 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Companhia Energética de Minas Gerais - CEMIG (CIG) pay a dividend?
Yes. Companhia Energética de Minas Gerais - CEMIG yields 8.12% at the current share price. It has paid $0.134 per share over the trailing twelve months. It has paid a dividend in each of the last 24 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its CIG data?
Fundamentals for CIG come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 18:18 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for CIG, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.