ENERGY CO OF MINAS GERAIS
ENERGY CO OF MINAS GERAIS (CIG) has a dated narrative snapshot, but its priced-in model claim is temporarily suppressed because the model-solve record is unavailable or has changed.
• Cemig is controlled by the government of the Brazilian state of Minas Gerais, and the decision that would most change the shares, whether the distribution arm is privatised, sits with the state's Legislative Assembly rather than with the board [Source: Cemig 1Q26 earnings call]. • Distribution is carrying the group while generation and trading shrinks: Cemig D's adjusted EBITDA rose 26.7% in the first quarter of 2026 while Cemig GT's fell 22.6%, and consolidated EBITDA slipped 2.1% on revenue
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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.
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.
Model solve date: 2026-Q2
Narrative composed: July 24, 2026
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