How to Buy Energy Co Of Minas Gerais Stock
Energy Co Of Minas Gerais
Energy Co Of Minas Gerais is a diversified utility company located in Brazil, which is part of the Utilities sector, and is traded under the ticker CIG on the NYSE exchange.
Energy Co Of Minas Gerais stock last closed at $1.72, down 3.91% from the previous day, and has decreased 7.63% in one year. It has underperformed other stocks in the Utilities - Diversified industry by 0.04 percentage points. Energy Co Of Minas Gerais stock is currently +2.08% from its 52-week low of $1.69, and -21.46% from its 52-week high of $2.19.
As of Jan 10, 2025, there are 2.86B CIG shares outstanding. The market cap of CIG is $4.92B. In the last 24 hours, 2.11M CIG shares were traded.
How to Buy Energy Co Of Minas Gerais Stock
Not sure how to invest in Energy Co Of Minas Gerais stock? Here's how.
- Figure out where to buy Energy Co Of Minas Gerais stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy Energy Co Of Minas Gerais stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your method of payment and add your information.
- Research Energy Co Of Minas Gerais stock: The Energy Co Of Minas Gerais ticker symbol is CIG. Is Energy Co Of Minas Gerais stock a good investment? Should you buy shares of CIG? How do CIG's underlying business fundamentals look? Do top analysts think Energy Co Of Minas Gerais is a good buy? Why has CIG's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if CIG is a good stock to buy).
- Make your CIG purchase: Decide if you will purchase CIG shares at the current market price or use a limit order to purchase CIG shares at a given price.
- Keep an eye on your investment in CIG: Create a watchlist to watch your investment in Energy Co Of Minas Gerais shares.
Step 1: Figure out where to buy Energy Co Of Minas Gerais stock
You need an online brokerage account in order to access the NYSE market and buy CIG stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal info so you are able to buy CIG stock today.
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Step 3: Deposit funds into your investment account
Now that you've opened your account on the best beginner stock app, you can securely and quickly fund your account:
Watch the tutorial below for more details depositing funds into your investment account.
Step 4: Research Energy Co Of Minas Gerais stock
Once you have chosen the best place to buy Energy Co Of Minas Gerais stock, it's crucial to evaluate their stock before you buy, so you can comprehend the risk and upside.
Energy Co Of Minas Gerais Metrics
Energy Co Of Minas Gerais Overview
WallStreetZen was designed to help part-time investors do better fundamental analysis in less time.
You can view all of the due diligence checks on CIG's stock page.
Is CIG stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge CIG's true value.
Using relative valuations measures:
- CIG could be overvalued based on its P/E ratio of 4.34x, relative to Utilities - Diversified industry P/E ratio of 0.49x
- CIG may be undervalued based on its P/B ratio of 1.02x, relative to Utilities - Diversified industry P/B ratio of 1.57x
- CIG may be undervalued based on its PEG ratio of 0.28x
You can do more valuation research on CIG's stock here.
CIG Financial Summary
Passed Financial Due Diligence Checks:
- Total CIG debt is lower than 5 years ago, relative to shareholder equity.
- CIG profit margin has gone up from 11.9% to 15.6% in the past year.
- CIG's operating cash flow of $1.56B allows it to safely service it's debt of $2.02B.
- CIG earnings of $1.67B is not enough to cover its interest payments.
Failed Financial Due Diligence Checks:
- CIG has a relatively high debt to equity ratio of 1.23.
- There are more long-term liabilities than short-term assets on the CIG balance sheet.
- There are more short-term liabilities than short-term assets on the CIG balance sheet.
You can dive deeper into what analysts are projecting on the Energy Co Of Minas Gerais stock forecast page.
CIG Momentum
CIG Performance Numbers
Last year, CIG earnings were $1.13B. In the past five year, CIG's earnings have grown by 21.56% per year. This was faster than the Utilities - Diversified industry average of 3.03%.
Last year, CIG revenue was $7.24B. Over the past five year, CIG's revenue has increased by 5.66% per year. This was slower than the Utilities - Diversified industry average of 7.41%.
You can analyze CIG's earnings and revenue performance here.
What are CIG insiders up to?
In the last year, executives and large shareholders at CIG have not bought or sold any shares.
Dig into more about who owns CIG stock here.
Does CIG stock generate passive income?
Energy Co Of Minas Gerais pays a dividend of 12.32%, compared to the Utilities - Diversified industry's average dividend yield of 4.98%. If you owned $1,000 worth of CIG stock, you would have been paid $123.22 in the past 12 months.
Energy Co Of Minas Gerais dividend payments have not consistently grown over the past decade and have not remained stable.
Get more analysis about Energy Co Of Minas Gerais dividend yield and history here.
CIG Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Make your CIG purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, place a limit order.
Click the Open Trade button and your broker will place your order.
If you need more help buying stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your investment in CIG
Now that you own some CIG stock, you'll want to keep up with your investment.
Add CIG to a watchlist to get the latest updates about your CIG stock.
CIG Feed
How to Buy Stock in Energy Co Of Minas Gerais
To reiterate, here are the 6 steps to buy stock in Energy Co Of Minas Gerais:
- Figure out where to buy Energy Co Of Minas Gerais stock
- Create your brokerage account
- Deposit funds into your investment account
- Research Energy Co Of Minas Gerais stock
- Make your CIG purchase
- Keep an eye on your investment in CIG
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your investment in Energy Co Of Minas Gerais, click the button below.
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