Cemig is the biggest energy distributor of Latin America. Upcoming regulatory changes will end Cemig's privileged market position, shrinking its main captive market segment and opening it up competition. Despite delivering record results, the company is already showing signs of weakness, with lower recurring revenues.
Companhia Energética de Minas Gerais - CEMIG (NYSE:CIG ) Q4 2024 Results Conference Call March 21, 2024 2:00 PM ET Company Participants Carolina Senna - Investor Relations Superintendent Reynaldo Passanezi Filho - Chief Executive Officer Andrea Marques de Almeida - Chief Financial Officer and Investor Relations Officer Cristiana Maria Fortini Pinto e Silva - Chief Regulatory Officer Marco da Camino Ancona Lopez Soligo - Chief Participation Officer and Generation and Transmission Officer Sergio Lopes Cabral - Chief Commercialization Officer Conference Call Participants Carolina Carneiro - Banco J. Safra Guilherme Lima - Santander Carolina Senna Good afternoon, everyone.
HSBC downgraded Cemig to Hold from Buy with a R$12 price target.
Companhia Energetica de Minas Gerais - CEMIG (NYSE:CIG ) Q3 2024 Earnings Conference Call November 18, 2024 8:30 AM ET Company Participants Carolina Senna - Investor Relations Superintendent Reynaldo Passanezi Filho - Chief Executive Officer Leonardo George de Magalhaes - Chief Finance and Investor Relations Officer Dimas Costa - Chief Commercial Officer Conference Call Participants Marcelo Sa - Banco Itau Daniel Travitzky - Banco Safra Carolina Senna Good morning, everyone. I am Carolina Senna, Cemig's Investor Relations Superintendent.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here is how Cemig (CIG) and Pinnacle West (PNW) have performed compared to their sector so far this year.
Cemig (CIG) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here is how Cemig (CIG) and National Fuel Gas (NFG) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Cemig, a state-owned electricity company in Minas Gerais, operates in generation, transmission, and distribution, with stable operations and attractive dividends. Despite governance risks, Cemig's efficient management and solid financials make it a strong income portfolio candidate with a healthy dividend yield. The company plans significant investments through 2028, maintaining a low debt ratio and positioning for sustainable dividends and potential M&A opportunities.
Cemig (CIG) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.