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

CMS Energy Co. (NYSE:CMSGet Rating) has earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $71.00.

CMS has been the subject of several recent research reports. Mizuho reduced their price target on CMS Energy from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Morgan Stanley boosted their target price on CMS Energy from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 23rd. BMO Capital Markets reduced their target price on CMS Energy from $80.00 to $71.00 and set an “outperform” rating for the company in a research report on Monday, June 27th. Finally, Barclays reduced their target price on CMS Energy from $76.00 to $72.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th.

Institutional Trading of CMS Energy

Several institutional investors have recently added to or reduced their stakes in the business. Hallmark Capital Management Inc. purchased a new stake in shares of CMS Energy during the second quarter worth about $34,000. Quent Capital LLC purchased a new stake in shares of CMS Energy during the fourth quarter worth about $38,000. AGF Investments LLC purchased a new stake in CMS Energy in the first quarter worth about $39,000. Clear Street Markets LLC lifted its holdings in CMS Energy by 409.2% in the second quarter. Clear Street Markets LLC now owns 606 shares of the utilities provider’s stock worth $41,000 after buying an additional 487 shares during the period. Finally, J.W. Cole Advisors Inc. purchased a new stake in CMS Energy in the first quarter worth about $50,000. 92.62% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Price Performance

Shares of NYSE CMS opened at $69.85 on Monday. The stock has a market cap of $20.27 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 2.93 and a beta of 0.28. CMS Energy has a fifty-two week low of $58.51 and a fifty-two week high of $73.76. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.65 and a current ratio of 1.00. The stock has a fifty day moving average of $67.90 and a 200-day moving average of $68.20.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Tuesday, September 6th will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 25.77%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, September 2nd. CMS Energy’s dividend payout ratio is presently 40.44%.

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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Analyst Recommendations for CMS Energy (NYSE:CMS)

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