Companhia Energetica de Minas Gerais is a holding company. Through its subsidiaries, Co. is engaged in transactions to buy and sell energy. Co. also engages in the following businesses which include: distributed generation, account services, cogeneration, supply and storage management; sale and trading of energy, through structuring and intermediation of purchase and sale transactions, trading energy in the Free Market, through its wholly-owned subsidiaries CEMIG Trading S.A. and Empresa de Servicos de Comercializacao de Energia Eletrica S.A.; and acquisition, transport and distribution of gas and its subproducts and derivatives through Companhia de Gas de Minas Gerais. We show 1 historical shares outstanding datapoints in our CIG shares outstanding history coverage, used to compute CIG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CIG market cap history over the course of time is important for investors
interested in comparing CIG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CIG versus a peer is one thing; comparing
CIG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CIG can fluctuate over the course of history.
With this page we aim to empower investors researching CIG by allowing them to research the CIG market cap history. |
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Video: The Importance of Market Cap
