CMS Energy Co. (NYSE:CMS) Receives $70.29 Average Target Price from Brokerages

CMS Energy Co. (NYSE:CMS) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $70.21.

CMS has been the subject of several research analyst reports. Wells Fargo & Company raised their price target on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Evercore ISI upgraded shares of CMS Energy to a “hold” rating in a research note on Friday, July 26th. Barclays raised their price target on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective for the company. Finally, StockNews.com cut shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Wednesday.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the sale, the senior vice president now directly owns 64,771 shares in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. grew its position in shares of CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 275 shares during the period. Brooklyn Investment Group acquired a new stake in shares of CMS Energy during the 3rd quarter valued at about $40,000. TruNorth Capital Management LLC grew its position 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 acquiring an additional 578 shares during the period. Innealta Capital LLC acquired a new stake in shares of CMS Energy during the 2nd quarter valued at about $43,000. Finally, Covestor Ltd boosted its holdings in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after buying an additional 472 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Price Performance

CMS Energy stock opened at $69.52 on Wednesday. CMS Energy has a 52 week low of $55.10 and a 52 week high of $72.40. The company’s 50 day moving average price is $69.72 and its two-hundred day moving average price is $65.48. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The stock has a market cap of $20.77 billion, a P/E ratio of 19.86, a P/E/G ratio of 2.73 and a beta of 0.41.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business posted $0.61 EPS. CMS Energy’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts predict that CMS Energy will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.515 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 2.96%. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

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.