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CMS Energy Corporation (NYSE:CMS) Receives Average Rating of "Moderate Buy" from Brokerages

CMS Energy logo with Utilities background

Shares of CMS Energy Corporation (NYSE:CMS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve brokerages that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $77.00.

A number of research firms have issued reports on CMS. BMO Capital Markets boosted their price target on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Evercore ISI raised their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a report on Monday, April 28th. Wells Fargo & Company upped their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Bank of America increased their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Finally, Morgan Stanley set a $71.00 price objective on shares of CMS Energy and gave the company an "equal weight" rating in a research report on Thursday, May 22nd.

Get Our Latest Analysis on CMS

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total transaction of $161,794.78. Following the completion of the sale, the senior vice president owned 69,571 shares in the company, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMS. Private Trust Co. NA increased its holdings in shares of CMS Energy by 30.4% in the fourth quarter. Private Trust Co. NA now owns 1,281 shares of the utilities provider's stock worth $85,000 after purchasing an additional 299 shares during the last quarter. SVB Wealth LLC purchased a new position in CMS Energy during the 4th quarter valued at approximately $366,000. Jones Financial Companies Lllp increased its stake in CMS Energy by 129.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,404 shares of the utilities provider's stock worth $94,000 after acquiring an additional 792 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CMS Energy by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,879,271 shares of the utilities provider's stock worth $125,253,000 after acquiring an additional 56,882 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of CMS Energy during the 4th quarter valued at approximately $238,000. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Performance

Shares of CMS traded up $0.75 during mid-day trading on Thursday, hitting $70.44. 1,413,304 shares of the company traded hands, compared to its average volume of 2,321,522. The stock has a market cap of $21.07 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 2.48 and a beta of 0.38. The stock has a 50-day moving average price of $70.56 and a two-hundred day moving average price of $70.17. CMS Energy has a 1 year low of $58.50 and a 1 year high of $76.45. 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 (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. CMS Energy's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Equities analysts anticipate that CMS Energy will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were paid a $0.5425 dividend. The ex-dividend date was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 3.08%. CMS Energy's payout ratio is presently 64.39%.

CMS Energy Company Profile

(Get Free Report

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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