4. Companhia Energetica Minas Gerais (CEMIG) (CIG), a Brazil-based electric utility company, engages in the generation, transmission and distribution of electricity, natural gas distribution, telecommunications and implementation and management of systems for electric utilities. The stock accumulated 1.7% at close last week.
Of the five analysts covering the stock, 80% recommend a buy and the rest rate a hold. There are no sell ratings on the stock. A Bloomberg poll expects the stock to gain an average 33.5% to $27.39 in the upcoming 12 months.
The stock has gained on its acquisition spree. The company recently acquired an additional 13.03% interest in Light for $331.8 million, increasing its stake in the latter to 52%. Cemig has indirectly acquired an additional 26.58 million shares of Light's stock by buying investment holding company Luce from Enlighted Partners Venture Capital, as per a regulatory filing.In the long term, the company targets to achieve 20% market share in the various segments of the electricity market. Investments in fiscal 2011 and 2012 are expected at approximately $1.45 billion and $690 million, respectively.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV