CMS Energy Co. (NYSE:CMS) Receives $63.50 Average Target Price from Analysts

CMS Energy Co. (NYSE:CMS) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $63.50.

Several equities research analysts have recently weighed in on CMS shares. KeyCorp raised their target price on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. upped their target price on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. Guggenheim upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $64.00 in a research note on Friday, February 2nd. Seaport Res Ptn downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, UBS Group cut CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Thursday, April 4th.

Insider Activity

In related news, SVP Brian F. Rich sold 2,000 shares of the 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 completion of the sale, the senior vice president now directly owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the sale, the senior vice president now owns 97,682 shares in the company, valued at $5,968,370.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares in the company, valued at approximately $3,985,144.38. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

Institutional Trading of CMS Energy

Several hedge funds and other institutional investors have recently made changes to their positions in CMS. Capital International Investors lifted its position in shares of CMS Energy by 24.8% during the 4th quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock valued at $360,537,000 after acquiring an additional 1,234,791 shares during the period. Capital Research Global Investors raised its holdings in CMS Energy by 1.2% during the fourth quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock worth $324,817,000 after purchasing an additional 65,966 shares during the last quarter. Invesco Ltd. boosted its position in CMS Energy by 7.3% during the third quarter. Invesco Ltd. now owns 4,663,108 shares of the utilities provider’s stock worth $247,658,000 after purchasing an additional 317,682 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in CMS Energy by 320.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock valued at $250,026,000 after purchasing an additional 3,282,697 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of CMS Energy by 34.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,456,713 shares of the utilities provider’s stock valued at $200,731,000 after buying an additional 883,180 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Trading Up 0.1 %

Shares of NYSE:CMS opened at $61.61 on Friday. CMS Energy has a 52 week low of $49.87 and a 52 week high of $63.76. The company’s 50 day moving average is $59.21 and its two-hundred day moving average is $57.77. The company has a market cap of $18.36 billion, a PE ratio of 18.78, a P/E/G ratio of 2.51 and a beta of 0.37. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. Equities analysts predict that CMS Energy will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.515 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a yield of 3.34%. CMS Energy’s payout ratio is 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.