Cia Energetica DE Minas Gerais - Cemig - ADR (Preference Shares)
CIG - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$5.48B
Close$
Earnings Call Q3 2026
November 13, 2026 - AI Summary
Strong operating performance + earnings momentum (good): 3Q26 EBITDA reported at BRL 2.7bn and recurring EBITDA around BRL 2bn, +31% YoY. Net income ~BRL 1.7–1.8bn in the quarter, ~+20% YoY (excluding non-recurring factors). Management characterized results as “sound and consistent” despite a challenging macro/operational environment.
Capex/investment plan on track (good; supports longer-term value): 2026 investments close to BRL 7bn; company has invested about ~75% of planned capex so far. Focus areas: Distribution ~BRL 4.1bn, Transmission ~BRL 0.5bn, plus Gasmig ~BRL 132m (completion of Centro-Oeste project) and Cemig SIM ~BRL 258m. Aim is execution not only in 2026 but also into ’27 aligned with the distribution tariff cycle targeting a tariff review in 2028.
Concession renewals progress (surprising/positive): Sa Carvalho concession renewal secured for another 30 years (one of the plants due in ’26/’27). Management expects favorable renewal outcomes for Nova Ponte and Emborcação (next renewals), noting a positive opinion from ANEEL already received; process is now with the Ministry of Mines and Energy. This improves asset longevity/visibility.
Exclusive for Stockcircle Pro members
Sign up
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $5.48 Billion |
|---|---|
| Enterprise Value | $26.07 Billion |
| Annual dividend | $0.19 |
| Dividend yield | 5.01% |
| Earnings per Share | $1.7 |
| Beta | 0.06 |
| Outstanding Shares | 2,863,733,333 |
Return
| Return on Equity | 13.13% |
|---|---|
| Return on Assets | 5.41% |
| Return on Invested Capital | 7.65% |
Valuation & Multiples
| P/E Ratio | 11.18 |
|---|---|
| PEG | -54.73 |
| Price to Sales | 0.16 |
| Price to Book Ratio | 0.19 |
| Enterprise Value to Revenue | 0.74 |
| Enterprise Value to EBIT | 5.94 |
| Enterprise Value to Net Income | 6 |
| Total Debt to Enterprise | 0.87 |
| Debt to Equity | 0.78 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 12, 2026
EPS
$0.07
Est. $0.05Revenue
$1.98 B
Est. $1.75 BNext Earnings Call
Expected Date
March 25, 2027
EPS Estimate
$0.06
Consensus analyst estimateRevenue Estimate
$1.88 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 49.77% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.91%▼ 4.11% |
|---|---|
| Total Invested | $55.02M▼ 81.98% |
| Investors Holding | 87▼ 121.00% |
About Companhia Energética de Minas Gerais
5,028 employees
CEO: Mr. Reynaldo Passanezi Filho
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 w...