Análise fundamentalista: estudo do desempenho das empresas de energia elétrica no IDIV (2023-2025)

Abstract

This academic work conducts a comprehensive study on the financial performance of the Electric Sector stocks of the B3 Dividend Index from 2023 to 2025, through the use of fundamental analysis, with the aim of evaluating which companies had the best performance. To this end, the companies financial statements (Balance Sheet and Income Statement) were collected and then fundamentalist indicators of liquidity, debt and equity structure, profitability, and stock market were calculated for each company, according to the financial literature recommendations. Following this, a comparison was made between the companies, and a ranking of the best in each segment was created, with weight assigned depending on the position obtained. The results showed respectively the companies ISA Energia, Transmissão Aliança de Energia Elétrica and Companhia Energética de Minas Gerais, having the best performances due to the excellent fundamental indicators. The research also made brief notes on the performance of these companies in additional indicators, contributing to a broader view of the energy utilities sector and about the dividend paying companies.