CMS Energy Corporation (NYSE:CMS) Receives $77.25 Consensus Target Price from Brokerages

Key Points

• CMS Energy Corporation has received an average analyst rating of "Moderate Buy", with seven buy recommendations and six hold ratings from thirteen analysts.
• The company's recent quarterly earnings showed a revenue of $2.45 billion, exceeding analyst expectations, but earnings per share came in at $1.02, slightly missing estimates.
• A quarterly dividend of $0.5425 per share has been declared, indicating a yield of 2.98%, set to be paid on August 29th to shareholders of record on August 8th.

Shares of CMS Energy Corporation (NYSE:CMS - Get Free Report) have received an average rating of "Moderate Buy" from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $77.25.

A number of equities research analysts have issued reports on the company. Evercore ISI increased their price target on CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. Barclays increased their price target on CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Jefferies Financial Group increased their price target on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. BMO Capital Markets increased their price target on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Scotiabank restated an "outperform" rating and set a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th.

CMS Energy Stock Performance

Shares of NYSE CMS traded up $0.80 during midday trading on Monday, hitting $72.97. 618,508 shares of the stock traded hands, compared to its average volume of 2,468,963. The firm has a 50-day moving average of $70.29 and a two-hundred day moving average of $70.81. The firm has a market capitalization of $21.83 billion, a P/E ratio of 21.69, a PEG ratio of 2.69 and a beta of 0.38. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. CMS Energy has a one year low of $63.97 and a one year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. CMS Energy's revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the business posted $0.66 earnings per share. On average, equities analysts forecast that CMS Energy will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, August 8th. CMS Energy's dividend payout ratio is presently 64.39%.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the transaction, the senior vice president directly owned 69,571 shares of the company's stock, valued at $5,121,121.31. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CMS Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. AlphaQuest LLC grew its holdings in shares of CMS Energy by 285.5% during the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock valued at $34,000 after buying an additional 334 shares during the last quarter. Trust Co. of Vermont lifted its position in CMS Energy by 127.7% during the second quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 300 shares during the period. WPG Advisers LLC acquired a new position in CMS Energy during the first quarter valued at $47,000. Optiver Holding B.V. lifted its position in CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 229 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in CMS Energy during the second quarter valued at $58,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

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.