CMS Energy Corporation (CMS) – What Are Investment Firms Saying About This Stock?

Shares of CMS Energy Corporation (NYSE:CMS) have been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $77.35.

CMS has been the subject of several research reports. UBS Group reaffirmed a “neutral” rating and issued a $84.00 price target on shares of CMS Energy in a research report on Wednesday, July 29th. BMO Capital Markets increased their target price on CMS Energy from $73.00 to $76.00 and gave the company an “outperform” rating in a research report on Monday, October 19th. Truist Financial cut their price target on CMS Energy from $81.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. KeyCorp lowered CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings downgraded CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 28th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Nykredit A S acquired a new position in CMS Energy during the 2nd quarter worth $1,372,000. Assenagon Asset Management S.A. lifted its stake in CMS Energy by 10,463.3% in the second quarter. Assenagon Asset Management S.A. now owns 518,237 shares of the utilities provider’s stock worth $39,645,000 after acquiring an additional 513,331 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in CMS Energy in the second quarter worth approximately $2,106,000. Nisa Investment Advisors LLC grew its holdings in CMS Energy by 155.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 411,751 shares of the utilities provider’s stock worth $25,973,000 after acquiring an additional 250,613 shares in the last quarter. Finally, Energy Income Partners LLC acquired a new position in CMS Energy during the 2nd quarter worth approximately $53,709,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Up 1.6%

NYSE CMS traded up $1.09 on Friday, reaching $70.31. 3,185,751 shares of the stock traded hands, compared to its average volume of 4,265,800. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.67 and a current ratio of 0.95. The company has a fifty day moving average price of $67.09 and a 200-day moving average price of $72.46. The company has a market cap of $22.05 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 2.53 and a beta of 0.31. CMS Energy has a 12 month low of $62.28 and a 12 month high of $80.36.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.23 billion. CMS Energy had a return on equity of 12.28% and a net margin of 9.72%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. As a group, research analysts forecast that CMS Energy will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 6th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, November 6th. CMS Energy’s dividend payout ratio is presently 81.43%.

About CMS Energy

CMS Energy is a Michigan-based energy company and the parent of Consumers Energy, a regulated utility that provides electricity and natural gas to homes and businesses across Michigan’s Lower Peninsula. Consumers Energy serves customers in all 68 counties in the peninsula. Through Consumers Energy, the company generates, purchases, transmits and distributes electricity, and supplies natural gas. Its operations include maintaining utility infrastructure and developing energy resources, including renewable generation, to support the region’s energy needs.