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

CMS Energy Co. (NYSE:CMS) has received an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $69.85.

CMS has been the subject of several research analyst reports. Bank of America increased their target price on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Morgan Stanley increased their target price on CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. KeyCorp raised their price objective on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Evercore ISI raised CMS Energy to a “hold” rating in a research report on Friday, July 26th.

CMS Energy Stock Down 1.4 %

Shares of NYSE:CMS opened at $70.77 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. CMS Energy has a 52-week low of $53.53 and a 52-week high of $72.40. The company has a 50 day moving average of $69.43 and a two-hundred day moving average of $64.13. The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the company earned $0.75 earnings per share. CMS Energy’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts forecast that CMS Energy will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.515 per share. The ex-dividend date is Wednesday, November 13th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 2.91%. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Institutional Investors Weigh In On CMS Energy

Institutional investors have recently made changes to their positions in the company. TruNorth Capital Management LLC lifted its holdings in shares of CMS Energy by 431.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after buying an additional 578 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of CMS Energy during the 1st quarter valued at about $43,000. Innealta Capital LLC acquired a new stake in shares of CMS Energy during the 2nd quarter valued at about $43,000. Values First Advisors Inc. acquired a new stake in shares of CMS Energy during the 3rd quarter valued at about $56,000. Finally, Voisard Asset Management Group Inc. lifted its holdings in shares of CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after buying an additional 163 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.