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CIG

ENERGY CO OF MINAS GERAIS

boothcheck covers ENERGY CO OF MINAS GERAIS (CIG) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 25, 2026.

Published model solve
no single estimate
Priced In
no single estimate

Key Takeaways

• The regulated wires business is built to pass costs through rather than absorb them, with the regulator resetting distribution tariffs on a fixed multi-year cycle and the cost of energy bought for resale flowing to customers instead of to the income statement, which is most of why trailing operating margin runs at 24.2% of revenue. • The company names its own owner as a risk in its annual filing: ⟦"We are controlled by the government of the State of Minas Gerais, which might have interests tha

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Institutional ownership

199 institutional managers reported holding CIG in 13F filings for the quarter ended 2026-03-31. Together they hold about 5% of the company; the top 10 hold 3%. 32 opened new positions that quarter. Held by BlackRock, State Street, Vanguard Group, among others. On the short side, 2.3M shares were sold short as of the 2026-06-15 count, about 0.1% of shares outstanding (1 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

It pays a dividend. Cash returned over the past three years: $474.12M in dividends.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

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Model solve date: 2026-Q2
Narrative composed: July 25, 2026

For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.