There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Companhia Energetica de Minas Gerais – CEMIG (CIG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.40%, to $2.48. The Companhia Energetica de Minas Gerais – CEMIG has recorded 479 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed CEMIG FILES 20-F FORM.
As a NYSE listed company, CIG falls under the Utilities sector while operating within the Utilities – Diversified industry segment. At the end of the last regular session, the stock closed at $2.47 and fluctuated between $2.4700 as its day high and $2.4250 as its day low. The current market capitalization of Companhia Energetica de Minas Gerais – CEMIG is $6.59B. A total of 1.48 million shares were traded on the day, compared to an average of 4.30M shares.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Companhia Energetica de Minas Gerais – CEMIG pays an annual dividend of $0.25, resulting in a dividend yield of 10.20%, and it has a price to earnings (P/E) ratio of 5.17. CIG’s most recent ex-dividend date was 5/2/2018 when it declared a $0.13 quarterly dividend that was paid in cash on 5/3/2018. Previously, the company paid the dividend on 12/13/2017 with an ex-dividend date of 12/8/2017. The CIG stock dividend was $0.0142 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CIG in the last 3 months, the mean price target is $2.14 with high estimates of $2.14 and low estimates of $2.14. In terms of 52-week highs and lows, CIG has a high of $2.68 and a low of $1.69.
As of this writing, CIG has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CIG’s latest balance sheet shows that the firm has $4.05B in Cash & Short Term Investments as of fiscal 2021. There were $11.61B in debt and $10.69B in liabilities at the time. Its Book Value Per Share was $2.16, while its Total Shareholder’s Equity was $19.46B.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CIG is Buy with a score of 4.00.