CMS Energy Corp. (NYSE:CMS) Given Consensus Recommendation of “Hold” by Analysts
CMS Energy Corp. (NYSE:CMS) has been given an average recommendation of “Hold” by the twelve analysts that are covering the company. Eight research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $43.69.
Several research firms recently weighed in on CMS. SunTrust Banks Inc. boosted their price target on shares of CMS Energy Corp. from $43.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, September 26th. BMO Capital Markets reiterated a “buy” rating on shares of CMS Energy Corp. in a research note on Friday, July 29th. Howard Weil assumed coverage on shares of CMS Energy Corp. in a research note on Friday, July 15th. They issued a “sector perform” rating and a $46.00 target price on the stock. Zacks Investment Research cut shares of CMS Energy Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Finally, KeyCorp reiterated an “outperform” rating and issued a $47.00 target price (up from $45.00) on shares of CMS Energy Corp. in a research note on Saturday, July 2nd.
Shares of CMS Energy Corp. (NYSE:CMS) traded down 1.71% on Tuesday, reaching $40.69. 740,812 shares of the company were exchanged. CMS Energy Corp. has a 12-month low of $33.84 and a 12-month high of $46.25. The stock has a market capitalization of $11.35 billion, a PE ratio of 20.86 and a beta of 0.12. The firm has a 50 day moving average price of $42.59 and a 200-day moving average price of $42.75.
CMS Energy Corp. (NYSE:CMS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. CMS Energy Corp. had a net margin of 8.79% and a return on equity of 13.34%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company earned $0.25 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts predict that CMS Energy Corp. will post $2.02 EPS for the current fiscal year.
In related news, Director Jon E. Barfield sold 9,568 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $42.97, for a total transaction of $411,136.96. Following the sale, the director now owns 23,256 shares of the company’s stock, valued at approximately $999,310.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brian F. Rich sold 2,135 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $43.17, for a total transaction of $92,167.95. Following the sale, the senior vice president now directly owns 49,330 shares in the company, valued at approximately $2,129,576.10. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CMS. Exchange Capital Management Inc. purchased a new stake in CMS Energy Corp. during the second quarter worth $109,000. Cable Hill Partners LLC raised its stake in CMS Energy Corp. by 2,307.7% in the second quarter. Cable Hill Partners LLC now owns 3,130 shares of the company’s stock worth $143,000 after buying an additional 3,000 shares during the period. Point72 Asia Hong Kong Ltd raised its stake in CMS Energy Corp. by 540.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 3,200 shares of the company’s stock worth $147,000 after buying an additional 2,700 shares during the period. Mizuho Asset Management Co. Ltd. raised its stake in CMS Energy Corp. by 150.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,877 shares of the company’s stock worth $178,000 after buying an additional 2,331 shares during the period. Finally, Clarius Group LLC purchased a new stake in CMS Energy Corp. during the first quarter worth $201,000. 89.09% of the stock is currently owned by institutional investors and hedge funds.
About CMS Energy Corp.
CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. The Company operates in three segments, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility operations and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass.
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