CMS Energy Co. (NYSE:CMS – Get Free Report) hit a new 52-week high during trading on Monday after KeyCorp raised their price target on the stock from $68.00 to $73.00. KeyCorp currently has an overweight rating on the stock. CMS Energy traded as high as $70.64 and last traded at $70.36, with a volume of 100017 shares trading hands. The stock had previously closed at $70.09.
Several other analysts have also commented on the stock. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Barclays increased their target price on CMS Energy from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Tuesday, August 13th. Evercore ISI raised CMS Energy to a “hold” rating in a report on Friday, July 26th. Wells Fargo & Company upped their price objective on CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Morgan Stanley lifted their price objective on CMS Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.75.
Get Our Latest Analysis on CMS
Hedge Funds Weigh In On CMS Energy
CMS Energy Stock Performance
The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The firm has a market cap of $21.05 billion, a PE ratio of 21.49, a P/E/G ratio of 2.75 and a beta of 0.40. The stock’s 50 day moving average price is $65.46 and its 200 day moving average price is $61.99.
CMS Energy (NYSE:CMS – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the company posted $0.75 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.
CMS Energy Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 annualized dividend and a dividend yield of 2.89%. CMS Energy’s dividend payout ratio is presently 62.80%.
About CMS Energy
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.
Recommended Stories
- Five stocks we like better than CMS Energy
- What Does Downgrade Mean in Investing?
- Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible
- What is Insider Trading? What You Can Learn from Insider Trading
- Roblox’s Growth Beyond Kids: Stock Set for Major Moves
- The Basics of Support and Resistance
- 5 Oversold Stocks to Buy Right Now
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.