Shares of CMS Energy Corporation (NYSE:CMS) have earned an average recommendation of “Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $48.56.
Several research firms recently commented on CMS. Royal Bank Of Canada reissued a “hold” rating and set a $46.00 target price on shares of CMS Energy Corporation in a research note on Monday, September 11th. KeyCorp reissued a “buy” rating and set a $51.00 target price on shares of CMS Energy Corporation in a research note on Friday, September 1st. Morgan Stanley increased their target price on shares of CMS Energy Corporation from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Guggenheim began coverage on shares of CMS Energy Corporation in a research note on Tuesday, September 5th. They set a “neutral” rating and a $48.00 target price for the company. Finally, BidaskClub raised shares of CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th.
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In other news, insider Garrick J. Rochow sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total transaction of $95,620.00. Following the sale, the insider now owns 64,307 shares in the company, valued at $3,074,517.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jon E. Barfield sold 6,336 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $46.81, for a total transaction of $296,588.16. The disclosure for this sale can be found here. Insiders have sold 11,836 shares of company stock worth $561,118 in the last 90 days. 0.65% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in CMS Energy Corporation by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock valued at $1,354,091,000 after buying an additional 764,989 shares during the period. BlackRock Inc. increased its stake in CMS Energy Corporation by 11.6% in the 2nd quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock valued at $1,180,906,000 after buying an additional 2,653,503 shares during the period. JPMorgan Chase & Co. increased its stake in CMS Energy Corporation by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock valued at $961,152,000 after buying an additional 2,145,055 shares during the period. Massachusetts Financial Services Co. MA increased its stake in CMS Energy Corporation by 1.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,588,141 shares of the utilities provider’s stock valued at $160,533,000 after buying an additional 63,872 shares during the period. Finally, Geode Capital Management LLC increased its stake in CMS Energy Corporation by 10.3% in the 1st quarter. Geode Capital Management LLC now owns 2,749,657 shares of the utilities provider’s stock valued at $122,844,000 after buying an additional 257,136 shares during the period. Hedge funds and other institutional investors own 87.37% of the company’s stock.
CMS Energy Corporation (NYSE:CMS) traded up 0.893% during midday trading on Friday, hitting $46.895. 1,057,863 shares of the stock were exchanged. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $49.11. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 23.684 and a beta of 0.16. The firm’s 50-day moving average is $47.59 and its 200 day moving average is $46.62.
CMS Energy Corporation (NYSE:CMS) last released its earnings results on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.08). CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts expect that CMS Energy Corporation will post $2.17 EPS for the current fiscal year.
CMS Energy Corporation Company Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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