CIG
Companhia Energética de Minas Gerais - CEMIG
NYSEUSDEQUITY
Utilities
DELAYED
Buy
+42/100
Last price
2.36
▼ 0.02 (0.84%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
2.36
Prev close
2.38
Day high
2.42
Day low
2.36
Volume
4.13M
Market cap
$6.75B
P/E (TTM)
7.87
52W range
1.87 – 2.76
Day trading desk
Gap from prior close
-0.84%
Prior close 2.38
VWAP
2.37
-0.27% from price
Relative volume
2.29×
Unusually busy
Session range
7.33%
2.25 – 2.41
Position in range
67%
Mid range
ATR (14D)
0.07
3.12% of price
Prior day high
2.44
PDH
Prior day low
2.36
PDL
Bid / ask spread
—
Quote not published
Session volume
11.61M
Avg 5.07M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+15.12%
+13.2%
1M
+10.28%
+9.1%
3M
+13.46%
+8.9%
6M
-4.45%
-22.6%
YTD
+18.00%
+3.8%
1Y
+15.69%
-0.7%
3Y
+26.78%
-55.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on CIG open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
0
Total on file
Fundamentals
Market cap$6.75B
Enterprise value$26.42B
Revenue (TTM)$43.74B
Gross profit$4.87B
EBITDA$7.89B
Net income$4.60B
EPS (TTM)$0.30
Free cash flow$-3.18B
Total cash$3.08B
Total debt$22.75B
Book value / share$1.95
Shares outstanding1.90B
Float2.37B
Short % of float0.20%
Dividend yield6.20%
Beta (5Y)0.06
Valuation & profitability ratios
Trailing P/E7.87
Forward P/E—
PEG ratio0.33
Price / sales—
Price / book1.21
EV / revenue0.60
EV / EBITDA3.35
Gross margin11.14%
Operating margin15.58%
Profit margin10.51%
Return on equity15.94%
Return on assets5.94%
Debt / equity77.95
Current ratio1.17
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $42.75B | $39.82B | $36.85B | $31.80B | +7.4% |
| Operating revenue | $52.13B | $49.52B | $45.50B | $43.70B | +5.3% |
| Cost of revenue | $35.51B | $31.99B | $28.47B | $27.65B | +11.0% |
| Gross profit | $7.24B | $7.83B | $8.38B | $4.15B | -7.6% |
| Selling, general & admin | $124.00M | $1.26B | $1.43B | $1.41B | -90.2% |
| Total operating expense | $909.00M | -$113.00M | $2.17B | $3.30B | +904.4% |
| Operating income | $6.33B | $7.94B | $6.21B | $3.52B | -20.3% |
| Net interest income | -$1.35B | -$845.00M | -$680.00M | -$495.00M | -60.1% |
| Pre-tax income | $5.67B | $9.36B | $6.85B | $4.12B | -39.4% |
| Tax provision | $771.00M | $2.24B | $1.08B | $26.00M | -65.6% |
| Net income | $4.90B | $7.12B | $5.76B | $4.09B | -31.2% |
| Net income to common | $4.90B | $7.12B | $5.76B | $4.09B | -31.2% |
| Basic EPS | 1.73 | 2.49 | 2.01 | 1.86 | -30.5% |
| Diluted EPS | 1.73 | 2.49 | 2.01 | 1.86 | -30.5% |
| EBIT | $7.17B | $10.35B | $7.86B | $5.05B | -30.7% |
| EBITDA | $8.71B | $11.72B | $9.14B | $6.23B | -25.7% |
| Basic shares | 2.86B | 2.86B | 2.86B | 2.86B | 0.0% |
| Diluted shares | 2.86B | 2.86B | 2.86B | 2.86B | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.90B | $1.90B | $1.54B | $1.44B | — | +0.2% |
| Cash & short-term investments | $4.34B | $3.45B | $3.13B | $4.24B | — | +25.9% |
| Accounts receivable | $5.79B | $5.60B | $5.43B | $4.77B | — | +3.6% |
| Total current assets | $14.48B | $12.23B | $11.87B | $13.46B | — | +18.4% |
| Property, plant & equipment | $4.56B | $4.10B | $3.65B | $2.74B | — | +11.2% |
| Goodwill & intangibles | $18.55B | $16.81B | $15.25B | $14.62B | — | +10.4% |
| Total assets | $67.03B | $59.73B | $55.00B | $53.67B | — | +12.2% |
| Total current liabilities | $14.46B | $14.15B | $13.09B | $11.20B | — | +2.2% |
| Current debt | $3.05B | $2.88B | $2.63B | $955.00M | — | +6.1% |
| Long-term debt | $16.41B | $9.40B | $7.20B | $9.63B | — | +74.6% |
| Total debt | $19.88B | $12.71B | $10.26B | $10.94B | — | +56.4% |
| Total liabilities | $38.45B | $32.34B | $30.34B | $31.89B | — | +18.9% |
| Retained earnings | — | — | $0 | $0 | $0 | — |
| Shareholder equity | $28.58B | $27.38B | $24.65B | $21.78B | — | +4.4% |
| Working capital | $16.00M | -$1.91B | -$1.22B | $2.26B | — | +100.8% |
| Net tangible assets | $10.03B | $10.57B | $9.40B | $7.16B | — | -5.1% |
| Shares issued | 2.86B | 2.86B | 2.86B | 2.86B | — | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $4.90B | $7.12B | $5.77B | $4.09B | -31.2% |
| Depreciation & amortisation | $1.53B | $1.38B | $1.27B | $1.18B | +11.4% |
| Change in working capital | -$584.00M | $453.00M | $1.06B | $3.07B | -228.9% |
| Operating cash flow | $4.08B | $5.50B | $6.65B | $6.54B | -25.8% |
| Capital expenditure | -$1.08B | -$919.00M | -$1.26B | -$292.00M | -17.3% |
| Investing cash flow | -$6.66B | -$2.38B | -$3.97B | -$3.14B | -180.4% |
| Dividends paid | $0 | $0 | $0 | -$2.09B | — |
| Financing cash flow | $2.59B | -$2.76B | -$2.58B | -$2.79B | +193.9% |
| Free cash flow | $3.00B | $4.58B | $5.38B | $6.25B | -34.5% |
| End cash position | $1.90B | $1.90B | $1.54B | $1.44B | +0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $11.01B | $10.34B | $11.59B | $10.53B | $10.67B | — | +6.4% |
| Operating revenue | $13.74B | $13.08B | $14.15B | $12.97B | $12.88B | — | +5.0% |
| Cost of revenue | $9.20B | $8.75B | $9.86B | $9.02B | $8.59B | — | +5.2% |
| Gross profit | $1.80B | $1.59B | $1.74B | $1.51B | $2.08B | — | +13.3% |
| Selling, general & admin | $230.00M | $202.00M | -$684.47M | $195.33M | $178.00M | — | +13.9% |
| Total operating expense | -$94.98M | $282.37M | -$650.30M | $484.69M | $62.14M | — | -133.6% |
| Operating income | $1.90B | $1.31B | $2.39B | $1.02B | $2.02B | — | +45.0% |
| Net interest income | -$796.00M | -$338.00M | -$320.21M | -$312.00M | -$313.00M | — | -135.5% |
| Pre-tax income | $1.03B | $1.05B | $2.23B | $846.53M | $1.38B | — | -1.5% |
| Tax provision | $88.00M | $70.00M | $356.38M | $49.79M | $190.00M | — | +25.7% |
| Net income | $945.00M | $979.00M | $1.87B | $796.74M | $1.19B | — | -3.5% |
| Net income to common | $945.00M | $979.00M | $1.87B | $796.74M | $1.19B | — | -3.5% |
| Basic EPS | 0.33 | 0.34 | — | 0.28 | 0.42 | 0.36 | -3.5% |
| Diluted EPS | 0.33 | 0.34 | — | 0.28 | 0.42 | 0.36 | -3.5% |
| EBIT | $2.12B | $1.65B | $2.66B | $1.27B | $1.99B | — | +28.8% |
| EBITDA | $2.12B | $1.65B | $2.66B | $2.38B | $2.36B | — | +28.8% |
| Basic shares | 2.86B | 2.86B | — | 2.86B | 2.86B | 2.86B | 0.0% |
| Diluted shares | 2.86B | 2.86B | — | 2.86B | 2.86B | 2.86B | 0.0% |
| Line item | 2026-06-30 | 2025-12-31 | 2025-09-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $2.16B | $1.90B | $1.45B | $3.24B | +13.7% |
| Cash & short-term investments | $5.31B | $4.34B | $3.67B | $6.03B | +22.5% |
| Accounts receivable | $6.00B | $5.79B | $5.57B | $5.52B | +3.5% |
| Total current assets | $15.72B | $14.48B | $13.25B | $15.47B | +8.6% |
| Property, plant & equipment | $4.66B | $4.56B | $4.40B | $4.12B | +2.2% |
| Goodwill & intangibles | $19.74B | $18.55B | $18.02B | $17.09B | +6.4% |
| Total assets | $70.86B | $67.03B | $64.75B | $63.90B | +5.7% |
| Total current liabilities | $13.46B | $14.46B | $14.88B | $14.60B | -6.9% |
| Current debt | $1.52B | $3.05B | $2.98B | $2.64B | -50.2% |
| Long-term debt | $20.83B | $16.41B | $12.43B | $12.61B | +26.9% |
| Total debt | $22.75B | $19.88B | $15.84B | $15.66B | +14.4% |
| Total liabilities | $41.68B | $38.45B | $36.02B | $35.98B | +8.4% |
| Retained earnings | $638.11M | — | $1.29B | $500.00M | — |
| Shareholder equity | $29.18B | $28.58B | $28.73B | $27.91B | +2.1% |
| Working capital | $2.26B | $16.00M | -$1.64B | $869.00M | +14,006.8% |
| Net tangible assets | $9.44B | $10.03B | $10.71B | $10.83B | -5.8% |
| Shares issued | 2.86B | 2.86B | 2.86B | 2.86B | -0.0% |
| Line item | 2025-12-31 | 2025-09-30 | 2025-03-31 | YoY |
|---|---|---|---|---|
| Net income | -$352.02M | $3.02B | $1.04B | -111.6% |
| Depreciation & amortisation | -$309.24M | $1.11B | $364.00M | -127.9% |
| Operating cash flow | -$1.69B | $3.42B | $1.37B | -149.5% |
| Capital expenditure | — | -$4.42B | -$1.76B | — |
| Investing cash flow | $1.36B | -$4.75B | -$2.76B | +128.6% |
| Dividends paid | $1.77B | -$1.77B | $0 | +200.0% |
| Financing cash flow | $925.70M | $884.00M | $2.74B | +4.7% |
| Free cash flow | $2.03B | -$996.00M | -$390.00M | +303.5% |
| End cash position | $1.90B | $1.45B | $3.24B | +31.0% |
Options analytics
Put / call volume
0.02
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
1.00
-57.6% from spot
ATM implied vol
12.5%
Nearest strike to spot
Skew (10% OTM)
+12.5%
Puts bid over calls
Call volume
59
Contracts, this expiry
Put volume
1
Contracts, this expiry
Heaviest call OI
1.00
0 contracts
Heaviest put OI
2.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.05 | 0.06 | +32.3% |
| Mar 2026 | 0.05 | 0.07 | +36.1% |
| Dec 2025 | 0.05 | 0.12 | +127.8% |
| Sep 2025 | 0.07 | 0.05 | -19.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.05 | 1 | $8.15B | -23.3% |
| Next quarter | 0.06 | 1 | $8.26B | -28.2% |
| Current year | 0.03 | 1 | $37.73B | -11.8% |
| Next year | 0.18 | 1 | $35.42B | -6.1% |
Analyst targets & ownership
Mean target$2.05
High target$2.25
Low target$1.91
Implied upside-12.99%
Analyst count3
ConsensusNONE
Strong buy / Buy0 / 0
Hold1
Sell / Strong sell1 / 1
Held by insiders0.00%
Held by institutions7.92%
Institutions holding257
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
2.14
+10.33% from price
SMA 20
2.15
+9.77% from price
SMA 50
2.09
+13.02% from price
SMA 100
2.11
+11.80% from price
SMA 200
2.20
+7.37% from price
EMA 12
2.18
+8.29% from price
EMA 26
2.14
+10.36% from price
EMA 50
2.12
+11.22% from price
RSI (14)
68.9
Neutral
MACD (12,26,9)
0.04
Hist 0.02
ATR (14)
0.07
3.12% of price
Realised vol 30D
42.7%
Annualised
Bollinger upper
2.33
20, 2σ
Bollinger lower
1.97
20, 2σ
50 / 200 cross
Death
2.09 vs 2.20
Trend bias
Above 200
+7.37%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.76
Less volatile than market
Correlation to SPY
0.30
Loosely linked
Realised vol 30D
42.7%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-31.1%
Peak to trough
Max drawdown 5Y
-44.3%
Peak to trough
ATR 14
0.07
3.12% of price
Beta (reported)
0.06
5Y monthly, from filing
Short interest
Shares short
3.41M
Prior 5.45M
Change vs prior
-37.4%
Shorts covering
% of float
0.20%
Normal
% of shares out
0.12%
Against total outstanding
Days to cover
0.7
Liquid
Float
2.37B
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Nov 24, 23 | B of A Securities | DOWNGRADE | Buy | Neutral |
| Nov 1, 23 | HSBC | UPGRADE | Hold | Buy |
| Sep 20, 23 | B of A Securities | UPGRADE | Neutral | Buy |
| Apr 4, 18 | JP Morgan | DOWNGRADE | Overweight | Neutral |
| Nov 27, 17 | JP Morgan | UPGRADE | Neutral | Overweight |
| Jul 14, 17 | Goldman Sachs | DOWNGRADE | Neutral | Sell |
| Jun 26, 15 | JP Morgan | UPGRADE | Underweight | Neutral |
| May 20, 13 | Standpoint Research | UPGRADE | Hold | Buy |
| Mar 19, 13 | Standpoint Research | DOWNGRADE | Buy | Hold |
| Nov 30, 12 | Standpoint Research | UPGRADE | Hold | Buy |
Dividends & splits
Forward rate$0.15 / yr
Forward yield6.20%
5-year avg yield7.68%
Payout ratio78.99%
Ex-dividend dateSep 28, 2026
Next pay date—
Last split13:10
Split dateMay 24, 2024
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-09-09
Corporate Changes & Voting Matters
6-K · 2026-06-09
Corporate Changes & Voting Matters
6-K · 2026-04-24
Periodic Financial Reports
20-F · 2026-04-17
Corporate Changes & Voting Matters
6-K · 2026-03-27
Corporate Changes & Voting Matters
6-K · 2026-01-20
Corporate Changes & Voting Matters
6-K · 2025-10-27
Corporate Changes & Voting Matters
6-K · 2025-07-30
Headlines
Cia Energetica DE Minas Gerais - Cemig (CIG) (Q2 2026) Earnings Call Highlights: Robust EBITDA ...
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MarketBeat · 54d ago
Companhia Energetica de Minas Gerais Q2 Adjusted Net Income Declines, Revenue Increases
MT Newswires · 54d ago
Carel Industries SpA (FRA:CIG) (Q2 2026) Earnings Call Highlights: Record Revenue and Margin ...
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PRIVATE STRATEGY · BY QUALIFICATION
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