CMS Energy Co. (NYSE:CMS) Receives $70.29 Consensus Target Price from Analysts

CMS Energy Co. (NYSE:CMS) has earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $70.21.

Several brokerages have issued reports on CMS. StockNews.com cut CMS Energy from a “hold” rating to a “sell” rating in a report on Wednesday. Scotiabank lifted their target price on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Bank of America boosted their target price on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, August 29th. BMO Capital Markets cut their price target on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Guggenheim upped their price objective on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were 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 of the company’s stock, valued at $4,415,439.07. This represents a 3.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Several large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC increased its stake in CMS Energy by 18.0% during the 3rd quarter. Virtu Financial LLC now owns 18,358 shares of the utilities provider’s stock worth $1,297,000 after buying an additional 2,800 shares during the period. M&T Bank Corp increased its position in shares of CMS Energy by 0.7% in the 3rd quarter. M&T Bank Corp now owns 483,215 shares of the utilities provider’s stock valued at $34,130,000 after purchasing an additional 3,497 shares during the last quarter. Toronto Dominion Bank increased its position in shares of CMS Energy by 18.2% in the 3rd quarter. Toronto Dominion Bank now owns 179,223 shares of the utilities provider’s stock valued at $12,659,000 after purchasing an additional 27,562 shares during the last quarter. Coldstream Capital Management Inc. increased its position in shares of CMS Energy by 16.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,459 shares of the utilities provider’s stock valued at $313,000 after purchasing an additional 625 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of CMS Energy by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after purchasing an additional 105,062 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Trading Up 0.4 %

CMS stock opened at $69.52 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. CMS Energy has a 12-month low of $55.10 and a 12-month high of $72.40. The stock has a market cap of $20.77 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.73 and a beta of 0.41. The business’s 50-day moving average is $69.72 and its 200 day moving average is $65.48.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data 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 return on equity of 12.81% and a net margin of 14.01%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the firm posted $0.61 EPS. CMS Energy’s revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that CMS Energy will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $0.515 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Wednesday, November 13th. CMS Energy’s dividend payout ratio is currently 58.86%.

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.