CMS Energy Co. (NYSE:CMS) Receives Average Rating of “Hold” from Analysts

Shares of CMS Energy Co. (NYSE:CMSGet Rating) have earned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $69.67.

CMS has been the topic of a number of research reports. KeyCorp boosted their price target on CMS Energy from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, January 13th. Morgan Stanley boosted their price target on CMS Energy from $60.00 to $64.00 and gave the company an “equal weight” rating in a report on Tuesday, March 22nd. Evercore ISI restated a “hold” rating and issued a $67.00 price target on shares of CMS Energy in a report on Friday, February 4th. Bank of America downgraded CMS Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $65.00 to $67.00 in a research report on Friday, December 17th. Finally, UBS Group lifted their target price on CMS Energy from $65.00 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, December 23rd.

In other CMS Energy news, SVP Catherine A. Hendrian sold 6,521 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $66.09, for a total transaction of $430,972.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of CMS. Marshall Wace LLP acquired a new position in shares of CMS Energy in the first quarter valued at approximately $137,000. Morgan Stanley grew its position in shares of CMS Energy by 278.0% in the second quarter. Morgan Stanley now owns 1,376,040 shares of the utilities provider’s stock valued at $81,296,000 after purchasing an additional 1,011,975 shares during the last quarter. Kestra Advisory Services LLC grew its position in shares of CMS Energy by 65.0% in the third quarter. Kestra Advisory Services LLC now owns 10,793 shares of the utilities provider’s stock valued at $645,000 after purchasing an additional 4,252 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of CMS Energy by 1.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 147,202 shares of the utilities provider’s stock valued at $8,792,000 after purchasing an additional 2,293 shares during the last quarter. Finally, WINTON GROUP Ltd grew its position in shares of CMS Energy by 43.6% in the third quarter. WINTON GROUP Ltd now owns 35,478 shares of the utilities provider’s stock valued at $2,119,000 after purchasing an additional 10,764 shares during the last quarter. 91.21% of the stock is currently owned by institutional investors.

CMS stock opened at $71.55 on Friday. The business’s 50-day moving average price is $66.70 and its two-hundred day moving average price is $63.65. The company has a current ratio of 1.19, a quick ratio of 0.89 and a debt-to-equity ratio of 1.74. The firm has a market cap of $20.76 billion, a PE ratio of 15.35, a P/E/G ratio of 2.75 and a beta of 0.26. CMS Energy has a 1-year low of $57.92 and a 1-year high of $73.64.

CMS Energy (NYSE:CMSGet Rating) last posted its earnings results on Thursday, February 3rd. The utilities provider reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.78 billion. CMS Energy had a return on equity of 12.29% and a net margin of 18.29%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. On average, analysts forecast that CMS Energy will post 2.87 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 28th. Shareholders of record on Friday, February 11th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, February 10th. This is an increase from CMS Energy’s previous quarterly dividend of $0.44. CMS Energy’s payout ratio is 39.48%.

About CMS Energy (Get Rating)

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.

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