CEMIG (NYSE:CIG) Trading Down 1.9%

CEMIG (NYSE:CIG) shares fell 1.9% on Thursday . The company traded as low as $2.11 and last traded at $2.12. 471,091 shares traded hands during trading, a decline of 81% from the average session volume of 2,538,461 shares. The stock had previously closed at $2.16.

CEMIG Price Performance

The stock has a market cap of $5.95 billion, a P/E ratio of 5.20 and a beta of 1.29. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $1.89 and its 200-day simple moving average is $1.87.

CEMIG (NYSE:CIG) last issued its earnings results on Tuesday, May 14th. The utilities provider reported $0.08 earnings per share for the quarter. CEMIG had a net margin of 14.81% and a return on equity of 22.54%. The business had revenue of $1.83 billion for the quarter. As a group, sell-side analysts forecast that CEMIG will post 0.29 EPS for the current year.

CEMIG Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 9th. Shareholders of record on Monday, August 26th will be issued a dividend of $0.0908 per share. This is an increase from CEMIG’s previous dividend of $0.03. The ex-dividend date of this dividend is Monday, August 26th. CEMIG’s payout ratio is presently 42.50%.

CEMIG Company Profile

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.