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

Key Points

• CMS Energy Corporation has received a consensus rating of “Moderate Buy” from thirteen brokerages, with an average price target of $77.25.
• The company reported a quarterly earnings per share of $0.71, exceeding analysts' expectations, and projected earnings of 3.59 EPS for the current fiscal year.
• CMS Energy also announced a quarterly dividend of $0.5425 per share, which represents an annualized dividend yield of 3.0%.

Shares of CMS Energy Corporation (NYSE:CMS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $77.25.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley set a $71.00 price target on CMS Energy and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Scotiabank reissued an "outperform" rating and issued a $81.00 price objective (up from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Wells Fargo & Company raised their price objective on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Barclays raised their price objective on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Finally, Evercore ISI raised their price objective on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday, April 28th.

CMS Energy Stock Down 0.3%

CMS opened at $72.7730 on Friday. CMS Energy has a fifty-two week low of $63.97 and a fifty-two week high of $76.45. The business has a 50-day moving average of $71.42 and a 200-day moving average of $71.56. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. The company has a market capitalization of $21.78 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.71 and a beta of 0.36.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%.The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the business earned $0.66 EPS. The business's quarterly revenue was up 14.4% on a year-over-year basis. CMS Energy has set its FY 2025 guidance at 3.540-3.600 EPS. Equities research analysts forecast that CMS Energy will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 8th. CMS Energy's dividend payout ratio (DPR) is presently 64.20%.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $73.62, for a total value of $147,240.00. Following the transaction, the senior vice president directly owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company's stock.

Institutional Trading of CMS Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AlphaQuest LLC increased its position in CMS Energy by 285.5% in the 1st quarter. AlphaQuest LLC now owns 451 shares of the utilities provider's stock worth $34,000 after buying an additional 334 shares during the period. Trust Co. of Vermont increased its position in CMS Energy by 127.7% in the 2nd quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider's stock worth $37,000 after buying an additional 300 shares during the period. Tobam increased its position in CMS Energy by 35.0% in the 2nd quarter. Tobam now owns 559 shares of the utilities provider's stock worth $39,000 after buying an additional 145 shares during the period. WPG Advisers LLC bought a new position in CMS Energy in the 1st quarter worth approximately $47,000. Finally, CYBER HORNET ETFs LLC bought a new position in CMS Energy in the 2nd quarter worth approximately $53,000. Institutional investors and hedge funds own 93.57% of the company's stock.

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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