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 Price Performance

Shares of NYSE:CMS traded up $0.10 during mid-day trading on Thursday, hitting $70.52. 1,878,583 shares of the company's stock traded hands, compared to its average volume of 1,897,132. The company has a market capitalization of $20.46 billion, a P/E ratio of 15.48, a PEG ratio of 2.95 and a beta of 0.27. CMS Energy has a 1 year low of $58.51 and a 1 year high of $73.76. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.00 and a quick ratio of 0.65. The company's 50-day moving average is $66.43 and its two-hundred day moving average is $67.45.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Tuesday, September 6th will be issued a $4.50 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 25.52%. CMS Energy's payout ratio is 40.44%.

Analyst Ratings Changes

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

Insider Activity

In other CMS Energy news, CAO Scott B. Mcintosh sold 703 shares of CMS Energy stock in a transaction 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 directly owns 24,196 shares of the company's stock, valued at $1,722,997.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Shaun M. Johnson sold 736 shares of the firm's stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $67.77, for a total transaction of $49,878.72. Following the completion of the sale, the senior vice president now directly owns 44,543 shares of the company's stock, valued at approximately $3,018,679.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott B. Mcintosh sold 703 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $71.21, for a total value of $50,060.63. Following the completion of the sale, the chief accounting officer now owns 24,196 shares in the company, valued at approximately $1,722,997.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,706 shares of company stock valued at $187,920. 0.40% of the stock is currently owned by insiders.