Company Companhia Energética de Minas Gerais - CEMIG

Equities

CMIG4

BRCMIGACNPR3

Electric Utilities

Market Closed - Sao Paulo 04:07:54 2024-03-28 pm EDT 5-day change 1st Jan Change
12.56 BRL -0.32% Intraday chart for Companhia Energética de Minas Gerais - CEMIG +4.15% +9.41%

Business Summary

Companhia Energética de Minas Gerais (Cemig) is one of the largest Brazilian producers of electricity. Net sales break down by activity as follows:

- electricity production, transformation, transmission, distribution and sales (91.5%): 55,045 GWh sold in 2019 and broken down into industrial customers (29.1%), residential customers (19.2%), commercial customers (17.4%) and other (34.3%);

- purchase, transportation and sales of natural gas (7.2%);

- other (1.3%).

At the end of 2019, the group had more than 80 power plants with an installed capacity of 5 955 MW.

Number of employees: 4,918

Sales per Business

BRL in Million2022Weight2023Weight Delta
Distribution
63.4 %
20,919 60.7 % 23,348 63.4 % +11.62%
Marketing
20.9 %
7,918 23.0 % 7,686 20.9 % -2.93%
Gas
9.8 %
- - 3,619 9.8 % -
Generation
7.8 %
2,661 7.7 % 2,875 7.8 % +8.04%
Intersegment Transactions
-3.3 %
-1,423 -4.1 % -1,208 -3.3 % -15.11%
Transmission
3.0 %
1,195 3.5 % 1,091 3.0 % -8.71%
Reconciliation
-1.6 %
-503 -1.5 % -579 -1.6 % +14.97%
Participations / Holding
0.0 %
3,697 10.7 % 18 0.0 % -99.52%

Sales per region

BRL in Million2022Weight2023Weight Delta
Brazil
100.0 %
34,463 100.0 % 36,850 100.0 % +6.93%

Managers

Managers TitleAgeSince
Chief Executive Officer 58 20-01-12
Director of Finance/CFO - 07-12-31
Compliance Officer - -
Chief Tech/Sci/R&D Officer - -
Corporate Officer/Principal - -
Human Resources Officer - 19-04-30
General Counsel - 21-01-31
Corporate Officer/Principal 62 21-01-04
General Counsel - 20-03-19
Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Director/Board Member 63 -
Chairman 65 19-01-31
Director/Board Member 58 22-02-24
Director/Board Member 78 76-12-31
Director/Board Member 69 20-07-30
Director/Board Member 68 19-03-24
Director/Board Member 61 22-02-24
Director/Board Member 67 20-07-30
Director/Board Member 49 22-04-28
Director/Board Member 49 22-04-28

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 735,847,624 278,808,436 ( 37.89 %) 102 ( 0.000014 %) 79.20 %
Stock B 1 1,465,523,064 1,464,585,482 ( 99.94 %) 846,062 ( 0.0577 %)

Shareholders

NameEquities%Valuation
Banco Classico SA (Investment Management)
7.980 %
116,951,354 7.980 % 282 M R$
Pzena Investment Management LLC
4.542 %
66,566,916 4.542 % 160 M R$
State of Minas Gerais
1.852 %
27,146,830 1.852 % 65 M R$
Kapitalo Investimentos Ltda.
1.340 %
19,632,597 1.340 % 47 M R$
BB Gestão de Recursos DTVM SA
0.8489 %
12,441,172 0.8489 % 30 M R$
BTG Pactual WM Gestão de Recursos Ltda.
0.5430 %
7,957,318 0.5430 % 19 M R$
Itaú Unibanco SA
0.4419 %
6,475,441 0.4419 % 16 M R$
Columbia Threadneedle Asset Managers Ltd.
0.4291 %
6,288,429 0.4291 % 15 M R$
Vinci Equities Gestora de Recursos Ltda.
0.4014 %
5,882,852 0.4014 % 14 M R$
Caixa Econômica Federal
0.3605 %
5,283,871 0.3605 % 13 M R$
NameEquities%Valuation
BlackRock Institutional Trust Co. NA
1.062 %
15,559,846 1.062 % 37 M R$
Polunin Capital Partners Ltd.
0.8069 %
11,824,717 0.8069 % 28 M R$
Vanguard Fiduciary Trust Co.
0.7100 %
10,405,380 0.7100 % 25 M R$
Schroder Investment Management North America Ltd.
0.5498 %
8,057,141 0.5498 % 19 M R$
Mangrove Partners
0.5427 %
7,952,924 0.5427 % 19 M R$
Merrill Lynch International
0.5142 %
7,535,855 0.5142 % 18 M R$
TSP Capital Management Group LLC
0.5003 %
7,332,220 0.5003 % 17 M R$
5,713,447 0.3899 % 14 M R$
Renaissance Technologies LLC
0.3588 %
5,258,601 0.3588 % 12 M R$
Acadian Asset Management LLC
0.3458 %
5,067,395 0.3458 % 12 M R$
NameEquities%Valuation
State of Minas Gerais
50.97 %
375,061,323 50.97 % 1 134 M R$
Banco Classico SA (Investment Management)
31.21 %
229,638,692 31.21 % 694 M R$
BNDES Participações SA
11.14 %
82,007,784 11.14 % 248 M R$
State Street Global Advisors Ltd.
0.1300 %
956,628 0.1300 % 3 M R$
Caixa DTVM SA
0.0766 %
563,519 0.0766 % 2 M R$
Mercantil do Brasil Corretora SA CTVM
0.0639 %
469,906 0.0639 % 1 M R$
PFA Kapitalforvaltning Fondsmæglerselskab A/S
0.0634 %
466,857 0.0634 % 1 M R$
Santander Brasil Asset Management DTVM SA
0.0492 %
361,905 0.0492 % 1 M R$
Amundi Asset Management SA (Investment Management)
0.0491 %
360,946 0.0491 % 1 M R$
BNP Paribas Asset Management, Inc.
0.0469 %
345,254 0.0469 % 1 M R$
NameEquities%Valuation
Vinland Capital Management Gestora de Recursos Ltda
0.1245 %
915,792 0.1245 % 3 M R$
AllianceBernstein Australia Ltd.
0.0315 %
231,470 0.0315 % 692 095 R$
Naventi Fonder AB
0.0174 %
128,211 0.0174 % 383 351 R$
UB Asset Management Ltd.
0.0158 %
116,228 0.0158 % 347 522 R$
Nykredit Bank A/S (Investment Management)
0.007658 %
56,354 0.007658 % 168 498 R$
HEXAM Capital Partners LLP
0.005450 %
40,104 0.005450 % 119 911 R$
Daiwa Asset Management (America) Ltd.
0.003758 %
27,652 0.003758 % 82 679 R$
QRG Capital Management, Inc.
0.002573 %
18,931 0.002573 % 56 604 R$
Renaissance Technologies LLC
0.002161 %
15,900 0.002161 % 47 541 R$
Acadian Asset Management LLC
0.002020 %
14,867 0.002020 % 44 452 R$

Holdings

NameEquities%Valuation
218,370,005 36.97% 513,331,106 $
846,062 0.06% 2,038,256 $

Company contact information

Companhia Energética de Minas Gerais SA

Avenida Barbacena, 1200 Santo Agostinho

30190-131, Belo Horizonte

+55 31 3506 5024

http://www.cemig.com.br
address Companhia Energética de Minas Gerais - CEMIG(CMIG4)

Group companies

NameCategory and Sector
Electric Utilities
  1. Stock
  2. Equities
  3. Stock Companhia Energética de Minas Gerais - CEMIG - Sao Paulo
  4. Company Companhia Energética de Minas Gerais - CEMIG