CEMIG (NYSE:CIG) Shares Up 3.2%

Shares of CEMIG (NYSE:CIG) rose 3.2% during mid-day trading on Monday . The stock traded as high as $1.92 and last traded at $1.92. Approximately 1,013,693 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 2,587,279 shares. The stock had previously closed at $1.86.

CEMIG Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. The firm’s 50 day moving average is $1.89 and its 200-day moving average is $1.86. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 4.83 and a beta of 1.29.

CEMIG (NYSE:CIG) last released its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter. CEMIG had a net margin of 14.81% and a return on equity of 22.54%. The business had revenue of $2.01 billion during the quarter. Sell-side analysts anticipate that CEMIG will post 0.22 earnings per share for the current fiscal year.

CEMIG Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, July 1st. Investors of record on Monday, July 1st were paid a $0.0275 dividend. The ex-dividend date of this dividend was Monday, July 1st. This is a positive change from CEMIG’s previous dividend of $0.03. 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.