CMS Energy Co. (CMS) Given Consensus Rating of “Hold” by Brokerages

Shares of CMS Energy Co. (NYSE:CMS) have been assigned a consensus recommendation of “Hold” from the sixteen research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $47.75.

CMS has been the subject of a number of research analyst reports. TheStreet upgraded CMS Energy from a “c+” rating to an “a-” rating in a report on Thursday, April 26th. Zacks Investment Research upgraded CMS Energy from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Monday, March 26th. Bank of America reiterated a “buy” rating and issued a $49.00 target price (up from $48.00) on shares of CMS Energy in a report on Monday, February 26th. Finally, Hilliard Lyons upgraded CMS Energy from a “neutral” rating to a “buy” rating in a report on Thursday, February 15th.

In other news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $46.62, for a total transaction of $46,620.00. Following the completion of the sale, the insider now owns 31,753 shares in the company, valued at $1,480,324.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Glenn P. Barba sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $46.85, for a total value of $468,500.00. Following the sale, the vice president now owns 32,161 shares of the company’s stock, valued at approximately $1,506,742.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,611 shares of company stock valued at $817,617. Corporate insiders own 0.57% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Zions Bancorporation bought a new stake in CMS Energy during the first quarter worth $119,000. Tower Research Capital LLC TRC grew its holdings in CMS Energy by 271.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock worth $129,000 after buying an additional 1,998 shares in the last quarter. Advisors Preferred LLC bought a new stake in CMS Energy during the first quarter worth $139,000. Dupont Capital Management Corp bought a new stake in CMS Energy during the first quarter worth $144,000. Finally, IFP Advisors Inc grew its holdings in CMS Energy by 49.7% during the first quarter. IFP Advisors Inc now owns 4,217 shares of the utilities provider’s stock worth $191,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 88.39% of the company’s stock.

Shares of CMS Energy stock traded up $0.53 during midday trading on Thursday, reaching $43.62. The company had a trading volume of 2,728,213 shares, compared to its average volume of 2,896,901. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.71. The firm has a market cap of $12.04 billion, a P/E ratio of 20.10, a P/E/G ratio of 2.88 and a beta of 0.08. CMS Energy has a fifty-two week low of $40.48 and a fifty-two week high of $50.85.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, April 26th. The utilities provider reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. CMS Energy had a return on equity of 14.33% and a net margin of 7.48%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. equities analysts anticipate that CMS Energy will post 2.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Friday, May 4th were issued a dividend of $0.3575 per share. The ex-dividend date of this dividend was Thursday, May 3rd. This represents a $1.43 annualized dividend and a dividend yield of 3.28%. CMS Energy’s dividend payout ratio is 65.90%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

Analyst Recommendations for CMS Energy (NYSE:CMS)

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