CMS Energy Co. (NYSE:CMS) Receives $64.27 Average PT from Analysts

Shares of CMS Energy Co. (NYSE:CMS) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment 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 a report on the stock in the last year is $64.20.

A number of brokerages have weighed in on CMS. Barclays lifted their price target on shares of CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Morgan Stanley reduced their price target on shares of CMS Energy from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Monday. UBS Group cut shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research report on Thursday, April 4th. Scotiabank reduced their price target on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Finally, KeyCorp boosted their target price on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the transaction, the senior vice president now directly owns 97,682 shares in the company, valued at approximately $5,968,370.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the transaction, the senior vice president now directly owns 97,682 shares in the company, valued at approximately $5,968,370.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jon E. Barfield sold 2,360 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $60.79, for a total transaction of $143,464.40. Following the transaction, the director now owns 14,556 shares in the company, valued at $884,859.24. The disclosure for this sale can be found here. Insiders have sold 6,027 shares of company stock worth $365,651 in the last ninety days. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Westwood Holdings Group Inc. lifted its position in shares of CMS Energy by 17.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 202,319 shares of the utilities provider’s stock worth $12,208,000 after buying an additional 30,417 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of CMS Energy by 46.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,332,892 shares of the utilities provider’s stock worth $79,275,000 after buying an additional 421,059 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of CMS Energy by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 26,219 shares of the utilities provider’s stock worth $1,582,000 after buying an additional 20,056 shares during the last quarter. Beck Bode LLC lifted its position in shares of CMS Energy by 37.5% in the 1st quarter. Beck Bode LLC now owns 19,823 shares of the utilities provider’s stock worth $1,196,000 after buying an additional 5,411 shares during the last quarter. Finally, Zimmer Partners LP lifted its position in shares of CMS Energy by 448.5% in the 1st quarter. Zimmer Partners LP now owns 860,524 shares of the utilities provider’s stock worth $51,924,000 after buying an additional 703,644 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Price Performance

CMS Energy stock opened at $59.98 on Friday. CMS Energy has a 1 year low of $49.87 and a 1 year high of $63.76. The firm has a 50 day moving average price of $61.04 and a 200 day moving average price of $59.11. The company has a market cap of $17.88 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.35 and a beta of 0.40. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.05 and a current ratio of 1.35.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the firm earned $0.70 earnings per share. CMS Energy’s revenue was down 4.7% compared to the same quarter last year. Sell-side analysts predict that CMS Energy will post 3.33 earnings per share for the current year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.515 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a yield of 3.43%. CMS Energy’s dividend payout ratio (DPR) is 62.80%.

CMS Energy Company Profile

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.