Analysts Set CMS Energy Corp. (CMS) PT at $43.69
CMS Energy Corp. (NYSE:CMS) has earned an average rating of “Hold” from the twelve research firms that are presently covering the firm. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $43.69.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of CMS Energy Corp. from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Howard Weil assumed coverage on shares of CMS Energy Corp. in a research report on Friday, July 15th. They set a “sector perform” rating and a $46.00 target price for the company. SunTrust Banks Inc. increased their target price on shares of CMS Energy Corp. from $43.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, September 26th. BMO Capital Markets restated a “buy” rating on shares of CMS Energy Corp. in a research report on Friday, July 29th. Finally, Scotiabank assumed coverage on shares of CMS Energy Corp. in a research report on Friday, July 15th. They issued a “sector perform” rating and a $46.00 price objective for the company.
In related news, SVP Brian F. Rich sold 2,135 shares of CMS Energy Corp. stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $43.17, for a total transaction of $92,167.95. Following the transaction, the senior vice president now owns 49,330 shares of the company’s stock, valued at approximately $2,129,576.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jon E. Barfield sold 9,568 shares of CMS Energy Corp. stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $42.97, for a total transaction of $411,136.96. Following the transaction, the director now directly owns 23,256 shares in the company, valued at approximately $999,310.32. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exchange Capital Management Inc. purchased a new position in CMS Energy Corp. during the second quarter valued at $109,000. Cable Hill Partners LLC raised its position 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 valued at $143,000 after buying an additional 3,000 shares during the last quarter. Point72 Asia Hong Kong Ltd raised its position 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 valued at $147,000 after buying an additional 2,700 shares during the last quarter. NEXT Financial Group Inc raised its position in CMS Energy Corp. by 218.7% in the third quarter. NEXT Financial Group Inc now owns 3,592 shares of the company’s stock valued at $151,000 after buying an additional 2,465 shares during the last quarter. Finally, BKS Advisors LLC purchased a new position in CMS Energy Corp. during the third quarter valued at $158,000. 89.45% of the stock is currently owned by institutional investors and hedge funds.
Shares of CMS Energy Corp. (NYSE:CMS) opened at 39.75 on Wednesday. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of 19.10 and a beta of 0.08. The company’s 50-day moving average is $41.32 and its 200 day moving average is $42.62. CMS Energy Corp. has a 1-year low of $34.18 and a 1-year high of $46.25.
CMS Energy Corp. (NYSE:CMS) last announced its earnings results on Thursday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.10. The business earned $1.59 billion during the quarter, compared to analysts’ expectations of $1.63 billion. CMS Energy Corp. had a net margin of 9.25% and a return on equity of 14.16%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. On average, analysts expect that CMS Energy Corp. will post $2.02 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 4th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, November 2nd. CMS Energy Corp.’s dividend payout ratio is 59.33%.
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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