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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 $2.41, up 1.69% from the previous day, and has increased 22.34% in one year. It has overperformed other stocks in the Utilities - Diversified industry by 0.29 percentage points. Energy Co Of Minas Gerais stock is currently +25.52% from its 52-week low of $1.92, and -12.36% from its 52-week high of $2.75.

As of Mar 1, 2024, there are 2.2B CIG shares outstanding. The market cap of CIG is $5.31B. In the last 24 hours, 2.84M 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.
  1. 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.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your investment account: Pick your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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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Step 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 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

CIG Price
$2.41
1w %
6.17%
1y %
22.34%
5y %
-1.71%
P/E
6.21x
P/B
1.17x
P/S
0.74x
PEG
0.23x
Revenue
$7.18B
Earnings
$852.50M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$5.31B
Next Earnings
Mar 21, 2024
Next Dividend
N/A

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 undervalued based on its P/E ratio of 6.21x, relative to Utilities - Diversified industry P/E ratio of 28.62x
  • CIG may be undervalued based on its P/B ratio of 1.17x, relative to Utilities - Diversified industry P/B ratio of 1.55x
  • CIG may be undervalued based on its PEG ratio of 0.23x

You can do more valuation research on CIG's stock here.

CIG Financial Summary

Passed Financial Due Diligence Checks:

  • There are more short-term assets than short-term liabilities on the CIG balance sheet.
  • CIG profit margin has gone up from 11.1% to 11.9% in the past year.
  • Total CIG debt is lower than 5 years ago, relative to shareholder equity.
  • CIG's operating cash flow of $1.71B allows it to safely service it's debt of $2.28B.

Failed Financial Due Diligence Checks:

  • CIG earnings of $1.50B is not enough to cover its interest payments.
  • CIG has a relatively high debt to equity ratio of 1.46.
  • There are more long-term liabilities than short-term assets on the CIG balance sheet.

Is Energy Co Of Minas Gerais stock a Buy, Hold, or Sell, according to analysts?

Out of 1 Wall Street analysts who research CIG, the consensus analyst rating on CIG is a Strong Buy

It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.

You can dig deeper into what analysts are projecting on the Energy Co Of Minas Gerais stock forecast page.

CIG Momentum

SMA10
2.34
SMA20
2.29
SMA50
2.31
SMA100
2.34
SMA200
2.42
MACD
0.02
MACD Signal
0
MACD Histogram
0.01
RSI
60.7
Stochastic %K
77.48
Stochastic %D
70.27
StochRSI %K
86.35
StochRSI %D
76.84

CIG Performance Metrics

Last year, CIG earnings were $852.50M. During the last five year, CIG's earnings have increased by 36.6% per year. This was faster than the Utilities - Diversified industry average of 8.84%.

Last year, CIG revenue was $7.18B. During the last five year, CIG's revenue has grown by -0.13% per year. This was slower than the Utilities - Diversified industry average of 11.41%.

You can research CIG's earnings and revenue performance here.

Who is buying/selling CIG?

Over the last year, executives and large shareholders at CIG have not bought or sold any shares.

Dig into more about who owns CIG shares here.

Does CIG provide a stable income stream?

Energy Co Of Minas Gerais pays a dividend of 10.79%, compared to the Utilities - Diversified industry's average dividend yield of 4.83%. If you owned $1,000 worth of CIG stock, you would have received $107.87 last year.

Energy Co Of Minas Gerais dividend payments have not consistently grown over the past decade and have not remained stable.

Find more analysis about Energy Co Of Minas Gerais dividend yield and history here.

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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 usually fine for most investors.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a particular dollar amount limit, place a limit order.

Press the Open button and your broker will place the order.

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Step 6: Keep an eye on your investment in CIG

Now that you own some shares in CIG, you'll want to keep up with your stock purchase.

Create a watchlist to get notified of the latest news about your CIG stock.

CIG Feed

How to Buy Stock in Energy Co Of Minas Gerais

To summarize, here are the 6 steps for buying Energy Co Of Minas Gerais stock:

  1. Figure out where to buy Energy Co Of Minas Gerais stock
  2. Create your brokerage account
  3. Deposit funds into your investment account
  4. Research Energy Co Of Minas Gerais stock
  5. Make your CIG purchase
  6. Keep an eye on your investment in CIG

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If you want to get updates on your investment in Energy Co Of Minas Gerais, create a watchlist today.

NYSE: CIG
$2.41+0.04 (+1.69%)
Updated Mar 1, 2024
Open eToro Account
NYSE: CIG
$2.41+0.04 (+1.69%)
Updated Mar 1, 2024
Open eToro Account

FAQ

How much does it cost to buy one Energy Co Of Minas Gerais share?

As of Mar 1, 2024, it costs $2.41 to buy one share of Energy Co Of Minas Gerais stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.415 shares of CIG.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Energy Co Of Minas Gerais stock?

According to 1 Wall Street analysts who monitor Energy Co Of Minas Gerais, their consensus recommendation is to buy Energy Co Of Minas Gerais stock.

What is the best way to buy Energy Co Of Minas Gerais stock?

One way to place an order for Energy Co Of Minas Gerais stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.