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

Shares of CMS Energy Co. (NYSE:CMS) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $64.27.

A number of equities analysts have issued reports on CMS shares. UBS Group downgraded CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Thursday, April 4th. Scotiabank lowered their price objective on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. Barclays increased their target price on CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. BMO Capital Markets boosted their price target on shares of CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Finally, KeyCorp increased their price objective 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 Stock Up 0.1 %

Shares of CMS Energy stock opened at $59.55 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. The business has a 50-day moving average price of $60.91 and a 200 day moving average price of $59.07. CMS Energy has a fifty-two week low of $49.87 and a fifty-two week high of $63.76. The firm has a market cap of $17.75 billion, a P/E ratio of 18.16, a P/E/G ratio of 2.37 and a beta of 0.40.

CMS Energy (NYSE:CMS) last issued its quarterly 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 business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the business earned $0.70 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. On average, sell-side analysts forecast that CMS Energy will post 3.33 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

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

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Scarborough Advisors LLC acquired a new position in shares of CMS Energy in the 4th quarter worth $29,000. Headinvest LLC acquired a new stake in CMS Energy during the 3rd quarter worth about $26,000. Voisard Asset Management Group Inc. acquired a new stake in CMS Energy during the 4th quarter worth about $36,000. Headlands Technologies LLC purchased a new stake in CMS Energy during the first quarter valued at about $43,000. Finally, Tobam boosted its holdings in shares of CMS Energy by 2,432.3% in the fourth quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after buying an additional 754 shares during the period. 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.