CMS Energy - CMS Stock Forecast, Price & News

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. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.

CMS Energy Stock Performance

Shares of CMS opened at $69.67 on Friday. The firm has a 50-day moving average of $66.48 and a 200-day moving average of $67.31. CMS Energy has a one year low of $58.51 and a one year high of $73.76. The company has a market cap of $20.22 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.88 and a beta of 0.27. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.00 and a quick ratio of 0.65.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Tuesday, September 6th will be issued a dividend of $4.50 per share. This is an increase from CMS Energy's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $18.00 annualized dividend and a dividend yield of 25.84%. CMS Energy's payout ratio is presently 40.44%.

Analysts Set New Price Targets

Several research firms have weighed in on CMS. Mizuho cut their target price on shares of CMS Energy from $74.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, June 30th. Credit Suisse Group initiated coverage on shares of CMS Energy in a report on Monday, April 25th. They set a "neutral" rating and a $76.00 price objective on the stock. Barclays dropped their price objective on shares of CMS Energy from $76.00 to $72.00 and set an "equal weight" rating on the stock in a report on Monday, July 18th. Morgan Stanley dropped their price objective on shares of CMS Energy from $66.00 to $59.00 and set an "equal weight" rating on the stock in a report on Thursday, June 23rd. Finally, BMO Capital Markets lowered their price target on shares of CMS Energy from $80.00 to $71.00 and set an "outperform" rating on the stock in a research note on Monday, June 27th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $70.00.

Insider Buying and Selling

In related news, CAO Scott B. Mcintosh sold 703 shares of CMS Energy stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $71.21, for a total transaction of $50,060.63. Following the completion of the sale, the chief accounting officer now owns 24,196 shares of the company's stock, valued at approximately $1,722,997.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Jon E. Barfield sold 1,267 shares of the business's stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $69.44, for a total value of $87,980.48. Following the completion of the transaction, the director now directly owns 13,620 shares in the company, valued at approximately $945,772.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Scott B. Mcintosh sold 703 shares of the business's stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $71.21, for a total transaction of $50,060.63. Following the completion of the transaction, the chief accounting officer now owns 24,196 shares of the company's stock, valued at $1,722,997.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,706 shares of company stock valued at $187,920. Company insiders own 0.40% of the company's stock.