Stock CMIG4 COMPANHIA ENERGÉTICA DE MINAS GERAIS - CEMIG
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Company Companhia Energética de Minas Gerais - CEMIG

Equities

CMIG4

BRCMIGACNPR3

Electric Utilities

Delayed Sao Paulo
Other stock markets
 02:28:48 2024-04-24 pm EDT 		5-day change 1st Jan Change
12.84 BRL -1.08% Intraday chart for Companhia Energética de Minas Gerais - CEMIG -0.23% +11.93%
Mar. 22 Transcript : Companhia Energética de Minas Gerais - CEMIG, Q4 2023 Earnings Call, Mar 22, 2024
Mar. 21 Companhia Energética de Minas Gerais - CEMIG Reports Earnings Results for the Full Year Ended December 31, 2023 CI

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
Reynaldo Passanezi Filho CEO
 Chief Executive Officer 58 20-01-12
Leonardo George de Magalhaes DFI
 Director of Finance/CFO - 07-12-31
Luiz Fernando de Medeiros Moreira CMP
 Compliance Officer - -
Luis Claudio Correa Villani CTO
 Chief Tech/Sci/R&D Officer - -
Maurício Dall Agnese PRN
 Corporate Officer/Principal - -
Hudson Felix Almeida HRO
 Human Resources Officer - 19-04-30
Henrique Motta Pinto LAW
 General Counsel - 21-01-31
Marney Tadeu Antunes PRN
 Corporate Officer/Principal 62 21-01-04
Eduardo Soares LAW
 General Counsel - 20-03-19
Robson Laranjo PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Márcio Luiz Simões Utsch CHM
 Chairman 65 19-01-31
Jaime Leoncio Singer BRD
 Director/Board Member 58 22-02-24
José João Abdalla Filho BRD
 Director/Board Member 78 76-12-31
Paulo Cesar de Souza e Silva BRD
 Director/Board Member 69 20-07-30
José Reinaldo Magalhães BRD
 Director/Board Member 68 19-03-24
Marcus Silberman BRD
 Director/Board Member 61 22-02-24
Afonso Henriques Moreira Santos BRD
 Director/Board Member 67 20-07-30
Ricardo Menin Gaertner BRD
 Director/Board Member 49 22-04-28
Roger Daniel Versieux BRD
 Director/Board Member 49 22-04-28
Anderson Rodrigues BRD
 Director/Board Member 52 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 1,464,654,517 ( 99.94 %) 846,062 ( 0.0577 %)

Shareholders

NameEquities%Valuation
Banco Classico SA (Investment Management)
7.980 %
116,951,354 7.980 % 293 M R$
Pzena Investment Management LLC
4.542 %
66,566,916 4.542 % 167 M R$
State of Minas Gerais
1.852 %
27,146,830 1.852 % 68 M R$
AZ Quest Investimentos Ltda.
1.247 %
18,279,300 1.247 % 46 M R$
Artesanal Investimentos Ltda.
0.8885 %
13,020,900 0.8885 % 33 M R$
BB Gestão de Recursos DTVM SA
0.8124 %
11,906,376 0.8124 % 30 M R$
BTG Pactual WM Gestão de Recursos Ltda.
0.5701 %
8,354,385 0.5701 % 21 M R$
Itaú Unibanco SA
0.4555 %
6,675,513 0.4555 % 17 M R$
Columbia Threadneedle Asset Managers Ltd.
0.4330 %
6,346,399 0.4330 % 16 M R$
Vinci Equities Gestora de Recursos Ltda.
0.4104 %
6,014,982 0.4104 % 15 M R$
NameEquities%Valuation
BlackRock Institutional Trust Co. NA
1.062 %
15,559,846 1.062 % 38 M R$
Polunin Capital Partners Ltd.
0.8069 %
11,824,717 0.8069 % 29 M R$
Vanguard Fiduciary Trust Co.
0.7100 %
10,405,380 0.7100 % 26 M R$
Schroder Investment Management North America Ltd.
0.5498 %
8,057,141 0.5498 % 20 M R$
Mangrove Partners
0.5427 %
7,952,924 0.5427 % 20 M R$
Merrill Lynch International
0.5142 %
7,535,855 0.5142 % 19 M R$
TSP Capital Management Group LLC
0.5003 %
7,332,220 0.5003 % 18 M R$
STATE STREET CORPORATION
0.3899 %
5,713,447 0.3899 % 14 M R$
Renaissance Technologies LLC
0.3588 %
5,258,601 0.3588 % 13 M R$
Acadian Asset Management LLC
0.3458 %
5,067,395 0.3458 % 13 M R$
NameEquities%Valuation
State of Minas Gerais
50.97 %
375,061,323 50.97 % 1 094 M R$
Banco Classico SA (Investment Management)
31.77 %
233,778,292 31.77 % 682 M R$
BNDES Participações SA
11.14 %
82,007,784 11.14 % 239 M R$
Caixa DTVM SA
0.0872 %
642,019 0.0872 % 2 M R$
State Street Global Advisors Ltd.
0.0754 %
554,950 0.0754 % 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$
Itaú Unibanco Asset Management Ltda.
0.0553 %
407,267 0.0553 % 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$
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 % 671 263 R$
Naventi Fonder AB
0.0174 %
128,211 0.0174 % 371 812 R$
UB Asset Management Ltd.
0.0158 %
116,228 0.0158 % 337 061 R$
Nykredit Bank A/S (Investment Management)
0.007658 %
56,354 0.007658 % 163 427 R$
HEXAM Capital Partners LLP
0.005450 %
40,104 0.005450 % 116 302 R$
Daiwa Asset Management (America) Ltd.
0.003758 %
27,652 0.003758 % 80 191 R$
QRG Capital Management, Inc.
0.002573 %
18,931 0.002573 % 54 900 R$
Renaissance Technologies LLC
0.002161 %
15,900 0.002161 % 46 110 R$
Acadian Asset Management LLC
0.002020 %
14,867 0.002020 % 43 114 R$

Holdings

NameEquities%Valuation
TAESA (TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA) S.A.
36.97%
 218,370,005 36.97% 523,507,148 $
COMPANHIA ENERGÉTICA DE MINAS GERAIS - CEMIG
0.06%
 846,062 0.06% 2,122,947 $

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
Cemig Geração e Transmissão SA
Logo Cemig Geração e Transmissão SA

Cemig Geração e Transmissão SA

Electric UtilitiesUtilities

CEMIG Geração e Transmissão SA engages in electricity generation and transmission activities. It specializes in the provision of power supply and distribution support services. It also focuses on the installment, management, and operation of thermal development, hydroelectric power, and wind generation plants. The company was founded on September 8, 2004 and is headquartered in Belo Horizonte, Brazil.

Electric Utilities

Sector

Utilities
Utilities
Electrical Utilities & IPPs
Electric Utilities
Other Electric Utilities

Sales per Business

Ratings for Companhia Energética de Minas Gerais - CEMIG

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
12.87 BRL
Average target price
13.97 BRL
Spread / Average Target
+8.56%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Electric Utilities

1st Jan change Capi.
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