CMS Energy Co. (NYSE:CMS) Receives Consensus Rating of “Moderate Buy” from Brokerages

CMS Energy Co. (NYSE:CMS) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $77.25.

Several research firms recently weighed in on CMS. UBS Group boosted their target price on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Evercore ISI boosted their target price on CMS Energy from $73.00 to $76.00 and gave the stock an “in-line” rating in a research note on Monday, April 28th. Scotiabank restated an “outperform” rating and set a $81.00 target price (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. StockNews.com cut CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 9th. Finally, Guggenheim reiterated a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th.

Insider Transactions at CMS Energy

In other news, Director Laura Wright sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the sale, the director now owns 38,790 shares in the company, valued at $2,709,093.60. This represents a 6.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the transaction, the senior vice president now directly owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,698 shares of company stock worth $483,935 over the last 90 days. 0.40% of the stock is currently owned by insiders.

Institutional Trading of CMS Energy

Large investors have recently bought and sold shares of the company. Sigma Planning Corp lifted its stake in CMS Energy by 0.4% in the 1st quarter. Sigma Planning Corp now owns 32,045 shares of the utilities provider’s stock valued at $2,407,000 after buying an additional 142 shares in the last quarter. Sage Mountain Advisors LLC boosted its position in CMS Energy by 4.5% during the first quarter. Sage Mountain Advisors LLC now owns 3,360 shares of the utilities provider’s stock worth $252,000 after acquiring an additional 144 shares during the last quarter. Sumitomo Life Insurance Co. boosted its position in CMS Energy by 1.3% during the first quarter. Sumitomo Life Insurance Co. now owns 11,233 shares of the utilities provider’s stock worth $844,000 after acquiring an additional 146 shares during the last quarter. Spire Wealth Management boosted its position in CMS Energy by 6.4% during the first quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider’s stock worth $191,000 after acquiring an additional 154 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its position in CMS Energy by 4.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after acquiring an additional 173 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $71.50 on Wednesday. The business has a 50-day simple moving average of $72.63 and a 200-day simple moving average of $69.82. The company has a market cap of $21.39 billion, a PE ratio of 21.53, a P/E/G ratio of 2.56 and a beta of 0.42. CMS Energy has a one year low of $58.50 and a one year high of $76.45. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. CMS Energy’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 EPS. On average, equities research analysts forecast that CMS Energy will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, May 9th. CMS Energy’s dividend payout ratio (DPR) is presently 64.39%.

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.