CMS Energy Co. (NYSE:CMS) Given Average Recommendation of “Hold” by Analysts

CMS Energy Co. (NYSE:CMS) has earned an average rating of “Hold” from the sixteen research firms that are currently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $61.21.

Several research firms recently issued reports on CMS. UBS Group increased their price target on shares of CMS Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Zacks Investment Research lowered shares of CMS Energy from a “buy” rating to a “hold” rating and set a $67.00 price target on the stock. in a research report on Monday, September 23rd. ValuEngine lowered shares of CMS Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Argus set a $66.00 price target on shares of CMS Energy and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Wells Fargo & Co increased their price target on shares of CMS Energy from $66.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, August 26th.

Shares of NYSE CMS traded down $0.80 during trading hours on Friday, hitting $63.65. 2,240,500 shares of the stock were exchanged, compared to its average volume of 1,887,699. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.71 and a current ratio of 2.11. The company has a market cap of $18.29 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 4.03 and a beta of 0.09. The company’s fifty day simple moving average is $63.42 and its two-hundred day simple moving average is $59.27. CMS Energy has a 1-year low of $47.63 and a 1-year high of $65.31.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, October 24th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.06. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.65 billion. CMS Energy had a net margin of 9.03% and a return on equity of 12.80%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. As a group, sell-side analysts expect that CMS Energy will post 2.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 1st will be paid a $0.3825 dividend. This represents a $1.53 annualized dividend and a yield of 2.40%. The ex-dividend date is Thursday, October 31st. CMS Energy’s payout ratio is 65.67%.

In related news, Director John G. Russell sold 33,500 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $60.04, for a total value of $2,011,340.00. Following the completion of the transaction, the director now owns 257,211 shares of the company’s stock, valued at approximately $15,442,948.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John G. Russell sold 5,600 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $57.78, for a total transaction of $323,568.00. Following the completion of the transaction, the director now directly owns 290,711 shares of the company’s stock, valued at approximately $16,797,281.58. The disclosure for this sale can be found here. In the last three months, insiders sold 88,300 shares of company stock valued at $5,432,186. 0.52% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Advisors Preferred LLC bought a new position in shares of CMS Energy during the second quarter valued at $25,000. Krane Funds Advisors LLC bought a new position in shares of CMS Energy during the second quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in shares of CMS Energy during the second quarter valued at $26,000. Lenox Wealth Advisors LLC bought a new position in shares of CMS Energy during the third quarter valued at $26,000. Finally, Advisory Services Network LLC bought a new position in shares of CMS Energy during the second quarter valued at $43,000. 92.49% of the stock is owned by institutional investors and hedge funds.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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Analyst Recommendations for CMS Energy (NYSE:CMS)

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