Analysts Set CMS Energy Co. (NYSE:CMS) Target Price at $64.27

Shares of CMS Energy Co. (NYSE:CMS) have received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $64.20.

Several analysts have recently issued reports on CMS shares. Royal Bank of Canada reduced their target price on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, March 4th. JPMorgan Chase & Co. lifted their target price on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. UBS Group lowered CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a report on Thursday, April 4th. Morgan Stanley dropped their price target on CMS Energy from $61.00 to $58.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Finally, BMO Capital Markets raised their target price on CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th.

CMS Energy Trading Down 0.7 %

CMS opened at $59.53 on Friday. The firm has a market capitalization of $17.74 billion, a PE ratio of 18.15, a P/E/G ratio of 2.38 and a beta of 0.40. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.05. CMS Energy has a fifty-two week low of $49.87 and a fifty-two week high of $63.76. The company’s 50-day moving average is $61.07 and its 200 day moving average is $59.13.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the company earned $0.70 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts predict that CMS Energy will post 3.33 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.46%. The ex-dividend date was Tuesday, May 14th. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Insider Transactions at CMS Energy

In related news, SVP Brian F. Rich sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the sale, the senior vice president now directly owns 97,682 shares in the company, valued at approximately $5,968,370.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Brian F. Rich sold 2,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total transaction of $122,200.00. Following the sale, the senior vice president now directly owns 97,682 shares in the company, valued at approximately $5,968,370.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $59.98, for a total value of $99,986.66. Following the completion of the transaction, the senior vice president now owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The disclosure for this sale can be found here. Insiders sold 6,027 shares of company stock worth $365,651 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of CMS Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of CMS. Benjamin F. Edwards & Company Inc. increased its holdings in shares of CMS Energy by 30.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 185 shares during the period. Orion Portfolio Solutions LLC grew its position in CMS Energy by 0.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 20,607 shares of the utilities provider’s stock worth $1,228,000 after buying an additional 192 shares in the last quarter. Parallel Advisors LLC increased its stake in CMS Energy by 19.8% in the 4th quarter. Parallel Advisors LLC now owns 1,458 shares of the utilities provider’s stock worth $85,000 after acquiring an additional 241 shares during the last quarter. IFM Investors Pty Ltd increased its stake in CMS Energy by 0.3% in the 4th quarter. IFM Investors Pty Ltd now owns 97,475 shares of the utilities provider’s stock worth $5,660,000 after acquiring an additional 269 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. raised its holdings in shares of CMS Energy by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 8,680 shares of the utilities provider’s stock valued at $524,000 after acquiring an additional 270 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Company Profile

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.