CMS Energy Co. (NYSE: CMS – Get Rating) has earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $70.00.
CMS has been the topic of a number of recent analyst reports. Mizuho lowered their price target on shares of CMS Energy from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. BMO Capital Markets lowered their price target on shares of CMS Energy from $80.00 to $71.00 and set an “outperform” rating on the stock in a research note on Monday, June 27th. StockNews.com initiated coverage on shares of CMS Energy in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Barclays lowered their price target on shares of CMS Energy from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. Finally, Morgan Stanley lowered their objective price on shares of CMS Energy from $66.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 23rd.
Insider Buying and Selling at CMS Energy
In other CMS Energy news, CAO Scott B. Mcintosh sold 703 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $71.21, for a total value of $50,060.63. Following the transaction, the chief accounting officer now directly owns 24,196 shares in the company, valued at approximately $1,722,997.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Shaun M. Johnson sold 736 shares of the stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $67.77, for a total transaction of $49,878.72. Following the transaction, the senior vice president now directly owns 44,543 shares in the company, valued at approximately $3,018,679.11. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 703 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $71.21, for a total transaction of $50,060.63. Following the transaction, the chief accounting officer now owns 24,196 shares in the company, valued at $1,722,997.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,706 shares of company stock worth $257,120. Corporate insiders own 0.40% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of CMS Energy by 4.1% during the 4th quarter. BlackRock Inc. now owns 26,291,806 shares of the utilities provider’s stock worth $1,710,283,000 after acquiring an additional 1,029,930 shares during the period. State Street Corp raised its holdings in CMS Energy by 11.0% in the first quarter. State Street Corp now owns 16,331,901 shares of the utilities provider’s stock valued at $1,142,253,000 after buying an additional 1,613,255 shares during the period. JPMorgan Chase & Co. its raised holdings in CMS Energy by 1.3% in the first quarter. JPMorgan Chase & Co. Now owns 16,190,977 shares of the utilities provider’s stock valued at $1,132,395,000 after buying an additional 214,355 shares during the period. Geode Capital Management LLC raised its holdings in CMS Energy by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,465,158 shares of the utilities provider’s stock valued at $354,614,000 after buying an additional 119,992 shares during the period. Finally, Invesco Ltd. its raised holdings in CMS Energy by 0.3% in the first quarter. Invesco Ltd. Now owns 4,172,552 shares of the utilities provider’s stock valued at $291,830,000 after buying an additional 13,528 shares during the period. 91.05% of the stock is currently owned by hedge funds and other institutional investors.
CMS Energy Stock Performance
Shares of CMS opened at $65.18 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.11 and a current ratio of 1.36. The stock has a market capitalization of $18.91 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.73 and a beta of 0.28. The company’s fifty day moving average is $67.11 and its two-hundred day moving average is $66.86. CMS Energy has a 1 year low of $58.51 and a 1 year high of $73.76.
CMS Energy (NYSE:CMS – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The utilities provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. CMS Energy had a net margin of 17.65% and a return on equity of 11.83%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the company posted $1.21 EPS. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, sell-side analysts predict that CMS Energy will post 2.89 earnings per share for the current year.
CMS Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 5th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annual basis and a yield of 2.82%. CMS Energy’s dividend payout ratio (DPR) is 39.48%.
About CMS Energy
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.
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