10.69
+2.89%
Close of 9 Nov 2026, in BRL
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About Energy of Minas Gerais
Its shares trade on B3 under the ticker CMIG4.SA. It has been listed since 30 June 1971. In the fiscal year to 31 December 2024, it reported revenue of BRL 39.82bn and net income of BRL 7.12bn. At that date it held total assets of BRL 59.73bn and shareholders' equity of BRL 27.38bn.
Companhia Energética de Minas Gerais SA engages in the generation, transmission, distribution and sale of electricity, gas distribution, telecommunications and the provision of energy solutions. The company is headquartered in Belo Horizonte, Minas Gerais. The firm's segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the activities of the construction and operation of systems for sale of electricity, as well as various fields of energy and telecommunications, for the purpose of commercial operation. Its electric power transmission business consists of transporting power from the facilities where it is generated to points of consumption, distribution networks and Free Consumers. Its distribution operation consists of transfers of electricity from distribution substations to final consumers. The company is also engaged in businesses, such as telecommunications, energy solutions consulting, and acquisition, transport and distribution of gas and its subproducts and derivatives.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Utilities
- Industry
- Electric Utilities
- Listed since
- 30 Jun 1971
- Employees
- 5,613
- Website
- cemig.com.br ↗
Leadership
Pay as last reported
- Mr. Marcio Luiz UtschChairman of the Board, since 2019
- Dr. Reynaldo FilhoChief Executive Officer, Member of the Executive Board
- Ms. Andrea Marques De AlmeidaChief Officer for Finance and Investor Relations, Member of the Executive Board
- Mr. Marney Tadeu AntunesVice President - Distribution, Member of the Executive Board
- Mr. Sergio CabralVice President - Trading, Member of the Executive Board
- Ms. Cristiana Maria Fortini Pinto E SilvaVice President - Legal Affairs, Member of the Executive Board
- Mr. Marco Da Camino Lopez SoligoVice President - Generation and Transmission, Member of the Executive Board
- Mr. Aloisio Macario De SouzaDirector
- Mr. Ricardo GaertnerDirector
- Mr. Jose MagalhaesDirector
- Mr. Afonso Henriques Moreira SantosDirector
- Mr. Anderson RodriguesDirector, Employees Representatives
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 78
- Environment
- 99
- Social
- 99
- Governance
- 37
- Direct emissions (scope 1)
- 20,620.7 t
- Energy emissions (scope 2)
- 305,513.7 t
- Value chain emissions (scope 3)
- 5,106,122.49 t
- Women in the workforce
- 14.15%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Companhia Energetica de Minas Gerais (CEMIG) holds a dominant market position in the energy sector in Brazil, particularly in the state of Minas Gerais. Its strong presence allows the company to enjoy a wide customer base and significant market share.
- CEMIG possesses a diverse energy portfolio, including hydro, wind, solar, and thermal power. This diversification enables the company to mitigate risks associated with fluctuations in fuel prices and environmental regulations. It also provides CEMIG with the ability to adapt to changing energy market trends.
Weaknesses
- CEMIG faces a significant challenge in managing its high debt burden. The company's debt levels restrict its ability to invest in infrastructure upgrades and new projects. This increases vulnerability to economic downturns and limits CEMIG's growth potential.
- CEMIG's operations and profitability are heavily influenced by government regulations and policies related to the energy sector. Changes in regulations, such as tariffs and licensing requirements, can directly impact CEMIG's revenue and operations.
Opportunities
- The global shift towards renewable energy presents significant opportunities for CEMIG. The company can leverage its existing expertise in renewable energy sources to expand its operations and capture a larger market share in this growing sector.
- CEMIG can invest in smart grids and advanced technologies to enhance its operational efficiency, reduce distribution losses, and improve customer service. Embracing innovative solutions can help the company stay ahead of the competition and meet evolving consumer expectations.
Threats
- CEMIG operates in a highly competitive energy market, facing competition from both public and private entities. Intense competition can exert downward pressure on prices and potentially erode CEMIG's market share.
- Fluctuations in energy prices, particularly fuel costs, pose a threat to CEMIG's profitability. Rapid price changes can impact the company's financial performance and ability to maintain competitive pricing for consumers.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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