Companhia Energetica de Minas Gerais

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. It operates through the following segments: Generation and Sale, Transmission, Distribution, Gas, and Other Businesses. The Generation and Sale segment engages in the generation of electricity through hydroelectric plants, thermoelectric plants and wind farms. The Transmission segment engages in the electric power transmission business, which consists of transporting electric power from the facilities where it broadcasted to the distribution networks for delivery to final users. The Distribution segment engages in the supply electricity to consumers in the state of Minas Gerais. The Other Businesses segment engages in the telecommunications, national and international energy solutions, and exploitation of natural gas. The company was founded by Juscelino Kubitschek de Oliveira on May 22, 1952 and is headquartered in Belo Horizonte, Brazil.

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The company actually reported an impressive set of first quarter numbers, although doubts remain regarding future profitability. The market has not rewarded the stock yet for the transition it is undergoing.

Companhia Energetica: Strong Return On Capital Performer

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Companhia Energética de Minas Gerais's (CIG) CEO Reynaldo Passanezi Filho on Q1 2021 Results - Earnings Call Transcript

Improving the fixed asset turnover ratio demonstrates that the company is improving its efficiency.

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Profitability has dropped a lot this year but expectations remain strong going forward. Assets have been shrinking on the balance sheet but cash flow generation remains strong.

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Companhia Energética de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q3 2020 Results - Earnings Call Transcript

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Companhia Energética de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q2 2020 Results - Earnings Call Transcript

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News for Companhia Energetica de Minas Gerais Stock (CIG)