CMS Energy Co. (NYSE:CMS) Receives Consensus Rating of “Moderate Buy” from Analysts

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

Several research analysts have issued reports on CMS shares. Barclays increased their target price on shares of CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. UBS Group cut shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Thursday, April 4th. BMO Capital Markets increased their target price on shares of CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Scotiabank dropped their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Finally, KeyCorp increased their target price on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Monday, May 20th.

CMS Energy Trading Up 0.2 %

CMS stock opened at $61.45 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. CMS Energy has a twelve month low of $49.87 and a twelve month high of $63.76. The stock has a market capitalization of $18.35 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 2.44 and a beta of 0.38. The firm’s fifty day simple moving average is $60.69 and its two-hundred day simple moving average is $59.35.

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

CMS Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.32%. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Insider Buying and Selling

In related news, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the transaction, the senior vice president now owns 97,682 shares in the company, valued at approximately $5,968,370.20. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Jon E. Barfield sold 2,360 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the transaction, the director now owns 14,556 shares in the company, valued at approximately $884,859.24. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 97,682 shares in the company, valued at approximately $5,968,370.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,027 shares of company stock worth $365,651. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On CMS Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of CMS Energy by 14.0% during the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after purchasing an additional 2,786,071 shares during the period. Capital International Investors grew its stake in shares of CMS Energy by 24.8% during the 4th quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock worth $360,537,000 after purchasing an additional 1,234,791 shares during the period. Capital Research Global Investors grew its stake in shares of CMS Energy by 1.2% during the 4th quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock worth $324,817,000 after purchasing an additional 65,966 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of CMS Energy by 320.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock worth $250,026,000 after purchasing an additional 3,282,697 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy by 34.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,456,713 shares of the utilities provider’s stock worth $200,731,000 after purchasing an additional 883,180 shares during the period. Institutional investors and hedge funds 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.