Shares of CMS Energy Co. (NYSE:CMS) have been assigned an average recommendation of “Hold” from the fourteen analysts that are covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $65.30.
Several research firms have commented on CMS. ValuEngine lowered shares of CMS Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co reiterated a “buy” rating on shares of CMS Energy in a research note on Monday, December 9th. SunTrust Banks increased their price objective on shares of CMS Energy from $62.00 to $63.00 and gave the company a “hold” rating in a research note on Monday, September 30th. Zacks Investment Research lowered shares of CMS Energy from a “buy” rating to a “hold” rating and set a $67.00 price objective for the company. in a research note on Monday, September 23rd. Finally, Morgan Stanley decreased their price objective on shares of CMS Energy from $65.00 to $64.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th.
In related news, Director John G. Russell sold 5,600 shares of CMS Energy stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $63.48, for a total value of $355,488.00. Following the completion of the transaction, the director now directly owns 206,911 shares in the company, valued at approximately $13,134,710.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Dhenuvakonda Rao Venkat sold 750 shares of CMS Energy stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $63.44, for a total transaction of $47,580.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,690 shares of company stock valued at $1,651,360. 0.52% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Lenox Wealth Advisors LLC purchased a new position in CMS Energy in the 3rd quarter valued at approximately $26,000. Gradient Investments LLC boosted its holdings in CMS Energy by 37.9% in the 4th quarter. Gradient Investments LLC now owns 597 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 164 shares during the period. CSat Investment Advisory L.P. boosted its holdings in CMS Energy by 114.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 731 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 390 shares during the period. Parallel Advisors LLC boosted its holdings in CMS Energy by 32.2% in the 3rd quarter. Parallel Advisors LLC now owns 759 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 185 shares during the period. Finally, Neo Ivy Capital Management bought a new position in CMS Energy in the 3rd quarter valued at $96,000. Institutional investors and hedge funds own 92.33% of the company’s stock.
NYSE CMS traded up $0.27 during trading hours on Friday, hitting $65.65. The company’s stock had a trading volume of 2,574,652 shares, compared to its average volume of 1,798,225. CMS Energy has a 52 week low of $50.08 and a 52 week high of $65.88. The company has a market capitalization of $18.13 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 3.90 and a beta of 0.06. The company has a current ratio of 1.06, a quick ratio of 0.74 and a debt-to-equity ratio of 2.43. The company’s 50-day simple moving average is $62.32 and its two-hundred day simple moving average is $61.67.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 24th. The utilities provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.65 billion. CMS Energy had a net margin of 9.03% and a return on equity of 12.80%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. Research analysts anticipate that CMS Energy will post 2.49 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 2.48%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.38. CMS Energy’s dividend payout ratio (DPR) is presently 65.67%.
CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.
See Also: How does a dividend reinvestment plan work?
Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.