Companhia Energetica de Minas Gerais (CIG): What is the Risk Factor?

Companhia Energetica de Minas Gerais (NYSE:CIG) saw a downside of -2.32% to close Monday at $2.53 after subtracting -$0.06 on the day. The 5-day average trading volume is 4,362,760 shares of the company’s common stock. It has gained $2.63 in the past week. An average of 5,480,530 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,011,482.

CIG’s 1-month performance is -2.69% or -$0.05 on its low of $2.43 reached on 09/09/21. The company’s shares have touched a 52-week low of $1.56 and high of $2.74, with the stock’s rally to the 52-week high happening on 01/08/21. YTD, CIG has lost -0.14% or -$0.35. However, the current price is down -7.66%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 143.11 and a low of 1.984. CIG stock has a beta of 0.50. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.90 while the price-to-book (PB) in the most recent quarter is 1.18, with the price to cash flow ratio at 4.23.

Companhia Energetica de Minas Gerais pays an annual dividend of $0.17 per share. Its dividend yield is 6.72% and the payout ratio is 77.60%. CIG’s most recent quarterly dividend payment was made on May. 3, when it paid $0.13 a share compared with prior rate of $0.0142, up 89.08% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.1158 reported on Friday April 6 2018.

It is projected that Companhia Energetica de Minas Gerais’s next ex-dividend date will be on 4-Jan. CIG is expected to distribute $0.076 as its next dividend.

Companhia Energetica de Minas Gerais’s current ratio over the recent quarter at 1.60 meaning that CIG stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.61, while the total debt to equity was 0.68. In terms of profitability, the gross margin trailing 12 months is 20.50%The trailing 12-month EBITDA margin is 21.94% while for the period ending June 29; Companhia Energetica de Minas Gerais’s operating margin was 22.80%. The firm’s gross profit as reported stood at $736.42 million against revenue of $4.89 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CIG to announce $0.01 per share in earnings in its latest quarter, but it posted $0.22, representing a 2,100.00% surprise. EBITDA for the quarter stood at more than $295.05 million. CIG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 6.43 billion, with total debt at $13.52 billion

Technical Picture

Let’s look briefly at Companhia Energetica de Minas Gerais (CIG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 46.07% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.94%.

The stock’s 5-day moving average is $2.55, reflecting a -3.80% or -$0.10 change from its current price. CIG is currently trading -1.94% above its 20-day SMA, +19.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +10.96% and -7.33% respectively.

Stochastic %K and %D was 26.50% and 30.85% and the average true range (ATR) pointed at 0.08. The RSI (14) points at 50.43%, while the 14-day stochastic is at 17.95% with the period’s ATR at 0.08. The stock’s 9-day MACD Oscillator is pointing at -0.04 and -0.03 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Companhia Energetica de Minas Gerais (NYSE: CIG), Goldman launched coverage with a Buy rating. Analysts offering their rating for CIG stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate CIG as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

What is CIG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $2.78 and a high of $2.78, with their median price target at $2.78. Looking at these predictions, the average price target given by analysts is for Companhia Energetica de Minas Gerais (CIG) stock is $2.78.


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