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Cemig (CIG) Is Attractively Priced Despite Fast-paced Momentum
ZACKS· 2024-08-15 13:51
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potent ...
Are Investors Undervaluing Comp En De Mn Cemig (CIG) Right Now?
ZACKS· 2024-08-02 14:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis an ...
CEMIG(CIG) - 2024 Q1 - Earnings Call Transcript
2024-05-16 02:42
Carolina Senna - IR Reynaldo Filho - CEO Leonardo Magalhaes - CFO Marney Antunes - CDO Marco Soligo - CPO Carolina Senna The transaction was concluded a large transaction. It's BRL 2.7 billion adjusted by the CDI. There is another less HPP's auction to happen now in July. So we are moving forward with our divestment in minority stakeholding and nonstrategic assets so that we can focus in our strategic assets, which are distribution, generation and transmission and managers. And here, once again, we have res ...
CEMIG(CIG) - 2023 Q4 - Annual Report
2024-04-30 21:12
Table of Contents Annual Report and Form 20-F 2023 CEMIG Logo Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ SHELL COMPANY REPORT ...
CEMIG(CIG) - 2023 Q4 - Earnings Call Transcript
2024-03-22 23:07
Companhia Energética de Minas Gerais - CEMIG (NYSE:CIG) Q4 2023 Earnings Conference Call March 21, 2024 2:00 PM ET Company Participants Carolina Senna - IR Superintendent Reynaldo Passanezi Filho - CEO Leonardo George de Magalhaes - CFO Marney Tadeu Antunes - Chief Distribution Officer Thadeu Carneiro da Silva - Chief Generation and Transmission Officer Conference Call Participants Carolina Senna Yeah, thank you. Good afternoon, everyone. My name is Carolina Senna. I'm Investor Relations Superintendent of ...
CEMIG(CIG) - 2023 Q4 - Earnings Call Presentation
2024-03-22 18:44
IFRS 1,969 2,453 1,406 1,886 Gain on disposal of investment – –288 – –202 Surpluses Sales Mechanism (MVE) –204 – –144 – Other adjustments –106 – –70 – FX exposure – Eurobond hedge – – 12 – RECURRING 1,658 2,163 1,204 1,684 11 EBITDA 1,969 2,453 +24.5% +30.5% 1,658 2,163 4Q22 recurring 1,406 1,886 +34.0% +39.8% 1204 1684 4Q22 4Q23 recurring recurring 4Q22 IFRS 4Q23 IFRS 4Q23 RESULTS 4Q23: Consolidated operational costs and expenses Manageable expenses rose less than inflation PMSO costs – 4Q22–4Q23 Increase ...
CEMIG(CIG) - 2023 Q3 - Earnings Call Transcript
2023-11-11 06:40
Thank you very much, Leonardo. So moving on into each one of the businesses. Let's start on the Cemig consolidated results in 2023. This is a clean result as a nonrecurring effect. We have the reversion of the provision in the first quarter for the sale of the SHPPs as we mentioned. So the recurring EBITDA when we analyze it, we grew 28% when compared to the same quarter in the past year and our profit was up 20%. I draw your attention to the recurring result. As our CEO mentioned, we should close the year ...
CEMIG(CIG) - 2023 Q3 - Earnings Call Presentation
2023-11-11 01:22
Ratings Breakdown by type 32% 37% 31% Dollar IPCA CDI 13 Classificação: Direcionado Earnings Presentation 3Q23 CEMIG D – 3Q23 RESULTS 3Q22 IFRS 3Q23 IFRS EBITDA NET PROFIT Classificação: Direcionado Earnings Presentation 3Q23 BENCHMARK IN ESG 23 consecutive years in the index. The only company in the Americas from the energy sector Leader in the Brazilian energy sector: AA S&P Global Brazil's first AGRIVOLTAIC project Cemig, Epamig and CPQD* form partnership • Expanding land use, building innovative clean e ...
Cemig ADR Pfd(CIG) - 2023 Q2 - Quarterly Report
2023-09-11 16:00
5 Results Presentation 2Q23 Index DIGITAL TRANSFORMATION Investments of R$1 billion in 2022–27 Belo Horizonte, July 31, 2023. Index 5. Earnings Presentation 2Q2023 OUR ENERGY TRANSFORMS EARNINGS 2Q23 網 管 ( TIBEX CMIG3 NIVEL 1 CMILL 1 IBRX100 B3 IEE B3 ISE B3 ICO2 B3 laster Index | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
CEMIG(CIG) - 2023 Q2 - Earnings Call Transcript
2023-08-05 03:54
Companhia Energética de Minas Gerais (NYSE:CIG) Q2 2023 Earnings Conference Call August 4, 2023 2:00 PM ET Carolina Senna - Superintendent, IR Leonardo George de Magalhaes - CFO Marco da Camino Ancona Lopez Soligo - Chief Participation Officer Andre Sampaio - Santander Daniel Travitzky - Safra Bank [Starts Abruptly] Earnings Video Conference Call. We inform that this video conference is being recorded and will be available at the company's [indiscernible] website, where you will find the company's presentat ...