Shares of CMS Energy Co. (NYSE:CMS) have been given a consensus rating of "Buy" by the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $63.27.
CMS has been the subject of a number of research reports. Citigroup lifted their price target on CMS Energy from $60.00 to $62.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 4th. Seaport Global Securities assumed coverage on CMS Energy in a report on Wednesday, May 20th. They issued a "buy" rating and a $61.50 price objective for the company. BMO Capital Markets began coverage on CMS Energy in a report on Thursday, July 9th. They issued an "outperform" rating and a $63.00 price objective for the company. Morgan Stanley upped their price target on CMS Energy from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. reduced their price target on CMS Energy from $70.00 to $63.00 and set an "overweight" rating for the company in a report on Wednesday, May 27th.
Shares of NYSE:CMS traded up $0.93 on Wednesday, reaching $62.04. The company had a trading volume of 58,421 shares, compared to its average volume of 1,865,860. CMS Energy has a 52-week low of $46.03 and a 52-week high of $69.17. The firm's 50 day simple moving average is $61.55 and its 200-day simple moving average is $59.63. The firm has a market capitalization of $17.49 billion, a PE ratio of 23.37, a PEG ratio of 3.31 and a beta of 0.14. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.57.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.45 by $0.04. CMS Energy had a return on equity of 15.32% and a net margin of 11.33%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the business posted $0.33 EPS. The business's revenue was down .1% compared to the same quarter last year. As a group, equities research analysts predict that CMS Energy will post 2.65 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 7th were given a $0.4075 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.63%. CMS Energy's dividend payout ratio (DPR) is presently 65.46%.
In related news, SVP Jean-Francois Brossoit sold 780 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $63.00, for a total value of $49,140.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Catherine A. Hendrian sold 1,584 shares of the company's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $62.78, for a total value of $99,443.52. Following the completion of the transaction, the senior vice president now owns 41,218 shares in the company, valued at $2,587,666.04. The disclosure for this sale can be found here. Insiders sold 8,743 shares of company stock valued at $538,927 over the last 90 days. Company insiders own 0.50% of the company's stock.
A number of large investors have recently added to or reduced their stakes in CMS. Brookfield Asset Management Inc. acquired a new position in CMS Energy during the second quarter worth $109,550,000. GQG Partners LLC lifted its stake in CMS Energy by 106.1% during the second quarter. GQG Partners LLC now owns 3,049,916 shares of the utilities provider's stock worth $178,244,000 after purchasing an additional 1,570,146 shares in the last quarter. Capital International Investors lifted its stake in CMS Energy by 42.8% during the first quarter. Capital International Investors now owns 5,197,474 shares of the utilities provider's stock worth $305,358,000 after purchasing an additional 1,557,033 shares in the last quarter. Capital Research Global Investors lifted its stake in CMS Energy by 54.1% during the first quarter. Capital Research Global Investors now owns 3,088,367 shares of the utilities provider's stock worth $181,442,000 after purchasing an additional 1,084,400 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. lifted its stake in CMS Energy by 43,250.5% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 802,852 shares of the utilities provider's stock worth $47,168,000 after purchasing an additional 801,000 shares in the last quarter. Institutional investors own 92.07% of the company's stock.
CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.
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