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Companhia Energetica Minas Gerais ( (CIG) ) has provided an announcement.
In August and September 2025, Cemig advanced the resolution of legacy labor and regulatory issues while signaling potential financial impacts for its electricity distribution operations. On September 11 and 19, 2025, the company negotiated and secured court approval for a collective bargaining agreement with two key labor unions covering its Cemig Saúde PSI health plan, committing to pay up to R$1.25 billion in compensatory buyouts, in six installments through 2030, to 15,496 retirees and pensioners, and indicated it aims to reach similar deals with remaining unions. Separately, on August 14, 2025, Cemig reported that Brazil’s Federal Supreme Court had upheld the constitutionality of Law 14,385/2022 on refunds of overpaid taxes to electricity consumers, and the company is awaiting the court’s formal ruling to evaluate the accounting, financial and operational consequences for its business, an outcome that could affect both its balance sheet and the pass-through of refunds in its regulated distribution segment.
The most recent analyst rating on (CIG) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on Companhia Energetica Minas Gerais stock, see the CIG Stock Forecast page.
Spark’s Take on CIG Stock
According to Spark, TipRanks’ AI Analyst, CIG is a Outperform.
Companhia Energetica Minas Gerais scores well due to its strong financial performance and attractive valuation, with a high dividend yield and low P/E ratio. While technical indicators show a positive trend, momentum is limited. The earnings call reflects resilience despite financial challenges, contributing to a balanced outlook.
To see Spark’s full report on CIG stock, click here.
More about Companhia Energetica Minas Gerais
Companhia Energética de Minas Gerais (Cemig) is a publicly held Brazilian power utility based in Belo Horizonte, with shares traded in São Paulo and New York. The company operates across the electricity value chain, primarily in generation, transmission, distribution and commercialization of electric power, serving consumers in Minas Gerais and other markets and positioning itself as a major regional energy player.
Average Trading Volume: 2,918,737
Technical Sentiment Signal: Buy
Current Market Cap: $6.36B
See more data about CIG stock on TipRanks’ Stock Analysis page.