Brokerages Set CMS Energy Co. (NYSE:CMS) Price Target at $62.64

Shares of CMS Energy Co. (NYSE:CMS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eleven brokerages that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $62.64.

A number of research firms have commented on CMS. JPMorgan Chase & Co. lifted their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the company an "overweight" rating in a research note on Wednesday, March 13th. Seaport Res Ptn lowered shares of CMS Energy from a "buy" rating to a "neutral" rating in a research note on Monday, January 8th. UBS Group lowered shares of CMS Energy from a "buy" rating to a "neutral" rating and set a $65.00 price objective on the stock. in a research note on Thursday, April 4th. BMO Capital Markets dropped their price objective on shares of CMS Energy from $65.00 to $63.00 and set an "outperform" rating on the stock in a research note on Monday, March 4th. Finally, Royal Bank of Canada lowered their target price on shares of CMS Energy from $65.00 to $63.00 and set an "outperform" rating on the stock in a report on Monday, March 4th.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of CMS Energy stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the completion of the transaction, the senior vice president now owns 68,971 shares in the company, valued at $3,985,144.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CMS Energy

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in CMS Energy by 21.5% during the first quarter. GAMMA Investing LLC now owns 6,288 shares of the utilities provider's stock worth $379,000 after purchasing an additional 1,114 shares during the last quarter. Nomura Holdings Inc. acquired a new position in CMS Energy during the fourth quarter worth approximately $342,000. HighPoint Advisor Group LLC acquired a new position in CMS Energy during the fourth quarter worth approximately $267,000. SageView Advisory Group LLC acquired a new position in CMS Energy during the fourth quarter worth approximately $205,000. Finally, Wellington Management Group LLP acquired a new position in CMS Energy during the fourth quarter worth approximately $4,116,000. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Stock Up 0.3 %

NYSE:CMS traded up $0.16 during midday trading on Tuesday, hitting $59.25. 1,926,951 shares of the company were exchanged, compared to its average volume of 2,479,296. The company has a fifty day simple moving average of $58.26 and a 200 day simple moving average of $56.95. CMS Energy has a fifty-two week low of $49.87 and a fifty-two week high of $63.76. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $17.69 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the business earned $0.60 EPS. CMS Energy's revenue for the quarter was down 14.4% compared to the same quarter last year. As a group, equities analysts anticipate that CMS Energy will post 3.34 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Monday, February 12th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.06 dividend on an annualized basis and a yield of 3.48%. This is an increase from CMS Energy's previous quarterly dividend of $0.49. CMS Energy's payout ratio is currently 68.44%.

CMS Energy Company Profile

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.