Companhia Energética de Minas Gerais (CIG) AI Stock Analysis

Companhia Energética de Minas Gerais operates in Brazil's energy sector across electricity generation, transmission, distribution, and commercialization. As of December 31, 2021, its portfolio comprised 70 hydroelectric, wind, and solar power plants with an installed capacity of 5,700 megawatts (MW). Its infrastructure network spans 339,086 miles of distribution lines and 4,449 miles of transmission lines. Beyond power operations, the company engages in the acquisition, transportation, and distribution of natural gas, derivatives trading, and tech services including cloud solutions, IT infrastructure management, and cybersecurity. It also provides telecommunications, distributed generation, cogeneration, and energy efficiency solutions.

CIG expanded annual revenue from $33.65B in FY2021 to $42.75B in FY2025, delivering a 5-year revenue CAGR of 11.1%. Net income increased from $3.75B in FY2021 to a high of $7.12B in FY2024 before settling at $4.90B in FY2025, with net margin reaching 11.5%. Over that timeframe, operating margin decreased from 20.7% in FY2021 to 14.8% in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue grew 3.4% year-over-year, while quarterly earnings declined 20.4%. Across the trailing twelve months, revenue reached $43.74B, supporting an operating margin of 15.6% and diluted EPS of $0.31.

As of June 30, 2026, CIG held $3.08B in cash and short-term investments against total debt of $22.75B, leaving net debt at $19.67B. Total assets stood at $70.86B and shareholders' equity reached $29.18B, reflecting a debt-to-equity ratio of 0.78 and a current ratio of 1.17. In FY2025, the company generated $4.00B in operating cash flow and $3.31B in free cash flow. Capital expenditures totaled $685.4M, while dividends paid reached $3.89B during the same year.

CIG closed at $2.32 on October 16, 2026, with an enterprise value of $10.36B and a market cap of $6.64B. The stock trades at a trailing P/E of 7.5x and a forward P/E of 9.1x, below the median of its US-listed Utilities peers of 20.6x and 17.2x, respectively. Its EV-to-EBITDA ratio is 6.3x compared to the peer median of 12.1x, while its price-to-sales ratio is 0.2x versus 2.4x. Over the past year, CIG gained 31.3%, outperforming the S&P 500 ETF (SPY) return of 16.8%.

CIG pays an annual forward dividend of $0.15, corresponding to a dividend yield of 6.31% and a payout ratio of 43.1%. The company has paid dividends for 25 consecutive years, with an annualized 5-year dividend growth rate of 30.2%. Its last ex-dividend date occurred on September 28, 2026.

Wall Street analyst sentiment includes 0 Strong Buy, 0 Buy, 1 Hold, 1 Sell, and 1 Strong Sell ratings. The mean price target is $2.05, representing an 11.5% decrease from the last close of $2.32. For the fiscal year ending December 31, 2026, analysts estimate revenue of $37.73B and EPS of $0.03. Over the last four quarters, CIG beat EPS estimates in 3 quarters. The next earnings date is scheduled for November 13, 2026.

This page is an AI-written research summary of Companhia Energética de Minas Gerais (CIG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CIG income statement, CIG balance sheet, CIG key metrics, CIG analyst forecast, CIG chart. See the CIG stock overview for the latest quote and news.