Media stories about CMS Energy (NYSE:CMS) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CMS Energy earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.2430759171212 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
Several research analysts have recently weighed in on the company. Zacks Investment Research lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. SunTrust Banks reaffirmed a “hold” rating and set a $46.00 price target on shares of CMS Energy in a research report on Tuesday, December 26th. Bank of America began coverage on shares of CMS Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $52.00 price target on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $52.00 price target on shares of CMS Energy in a research report on Wednesday, December 13th. Finally, Wells Fargo & Co raised shares of CMS Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, December 18th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $49.25.
CMS Energy (NYSE:CMS) traded down $0.59 during trading on Thursday, hitting $44.39. The stock had a trading volume of 2,816,135 shares, compared to its average volume of 2,164,114. CMS Energy has a 1-year low of $41.58 and a 1-year high of $50.85. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $12,520.00, a price-to-earnings ratio of 23.00, a P/E/G ratio of 3.05 and a beta of 0.19.
CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.07. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year. equities research analysts expect that CMS Energy will post 2.17 EPS for the current year.
In other CMS Energy news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total value of $48,020.00. Following the completion of the transaction, the insider now directly owns 28,176 shares of the company’s stock, valued at $1,353,011.52. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David G. Mengebier sold 2,500 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $49.48, for a total transaction of $123,700.00. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.
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CMS Energy Company Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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