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.

Wall Street Analysts Forecast Growth

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

CMS Energy Price Performance

CMS Energy stock traded up $0.48 during midday trading on Tuesday, reaching $68.69. 1,769,940 shares of the company were exchanged, compared to its average volume of 1,902,874. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.65 and a current ratio of 1.00. The company has a market capitalization of $19.93 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 2.83 and a beta of 0.27. The firm's 50-day simple moving average is $66.60 and its 200-day simple moving average is $67.20. CMS Energy has a 1 year low of $58.51 and a 1 year high of $73.76.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 5th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, August 4th. CMS Energy's dividend payout ratio (DPR) is 40.44%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Shaun M. Johnson sold 736 shares of CMS Energy stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $67.77, for a total value of $49,878.72. Following the completion of the sale, the senior vice president now owns 44,543 shares in the company, valued at approximately $3,018,679.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Shaun M. Johnson sold 736 shares of the business's stock in a transaction dated 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 owns 44,543 shares in the company, valued at approximately $3,018,679.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Dhenuvakonda Rao Venkat sold 1,000 shares of the business's stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $69.20, for a total value of $69,200.00. Following the sale, the senior vice president now owns 35,241 shares of the company's stock, valued at approximately $2,438,677.20. The disclosure for this sale can be found here. Insiders sold 3,706 shares of company stock worth $257,120 in the last 90 days. 0.40% of the stock is owned by company insiders.