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Nykredit A S bought a new stake in shares of Comp En De Mn Cemig ADS (NYSE: CIG) in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 401,997 shares of the utilities provider's stock, valued at approximately $844,000. Several other hedge funds have
Cemig is a state-controlled Brazilian utility operating as a natural monopoly in the state of Minas Gerais. I rate CIG as Hold; operational improvements since 2019 are largely priced in. Despite trading at low multiples, governance risk, slow growth rates, and FX exposure temper the upside. I expect the current 11% yield to come under pressure from rising capex, increased leverage, and higher interest expenses.
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Companhia Energética de Minas Gerais - CEMIG (CIG) Q2 2026 Earnings Call Transcript
Comp En De Mn Cemig ADS NYSE: CIG reported recurring EBITDA of BRL 2.5 billion for the second quarter of 2026, with recurring EBITDA rising 9.3% from a year earlier and recurring net income increasing 15.6%, according to management during the company's earnings call.
Wiley(NYSE: WLY), a global leader in authoritative content and research intelligence, today announced it has acquired Emerald Publishing Limited (âEmeraldâ
CEMIG remains a compelling buy after an 18% stock drop, driven by weather and macro factors outside its control. CIG's core strengths include stable cash flow, sector-leading ESG credentials, and a focused investment plan targeting $8.8B from 2026–2030. Valuation is attractive, with a 7.66x EBITDA multiple and potential 30% upside to a $2.84 fair price if normalized to sector medians.
The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.