CMS Energy Co. (NYSE:CMS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of CMS Energy Co. (NYSE:CMS) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $63.50.

CMS has been the topic of several recent research reports. Royal Bank of Canada reduced their price target on CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, March 4th. BMO Capital Markets boosted their target price on CMS Energy from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. UBS Group downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research report on Thursday, April 4th. Guggenheim upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $64.00 in a report on Friday, February 2nd. Finally, KeyCorp upped their target price on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, April 19th.

CMS Energy Stock Performance

Shares of NYSE:CMS opened at $61.56 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. CMS Energy has a 1-year low of $49.87 and a 1-year high of $63.76. The stock has a market capitalization of $18.38 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.48 and a beta of 0.37. The business has a 50-day moving average price of $59.03 and a two-hundred day moving average price of $57.62.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the company earned $0.70 EPS. CMS Energy’s revenue was down 4.7% on a year-over-year basis. Equities analysts predict that CMS Energy will post 3.33 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.515 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.35%. CMS Energy’s dividend payout ratio (DPR) is 62.80%.

Insider Buying and Selling

In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the sale, the senior vice president now owns 97,682 shares in the company, valued at approximately $5,968,370.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the completion of the transaction, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Brian F. Rich sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the sale, the senior vice president now owns 97,682 shares in the company, valued at approximately $5,968,370.20. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CMS Energy

Several hedge funds and other institutional investors have recently made changes to their positions in CMS. Headinvest LLC acquired a new stake in CMS Energy in the third quarter valued at $26,000. Scarborough Advisors LLC acquired a new stake in CMS Energy in the 4th quarter valued at about $29,000. Voisard Asset Management Group Inc. bought a new position in CMS Energy during the fourth quarter worth about $36,000. Tobam increased its position in CMS Energy by 2,432.3% during the fourth quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after buying an additional 754 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in CMS Energy by 30.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock valued at $46,000 after buying an additional 185 shares during the period. 93.57% of the stock is owned by institutional investors.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.