BidaskClub upgraded shares of CMS Energy Corporation (NYSE:CMS) from a hold rating to a buy rating in a report published on Saturday morning.

Several other brokerages have also weighed in on CMS. Morgan Stanley set a $49.00 price objective on shares of CMS Energy Corporation and gave the stock a hold rating in a report on Thursday, August 10th. Credit Suisse Group upgraded shares of CMS Energy Corporation from a neutral rating to an outperform rating and increased their price objective for the stock from $46.00 to $50.00 in a report on Monday, July 24th. BMO Capital Markets reiterated a buy rating and set a $48.00 price objective on shares of CMS Energy Corporation in a report on Monday, July 31st. Finally, Barclays PLC reiterated an equal weight rating and set a $49.00 price objective (up from $44.00) on shares of CMS Energy Corporation in a report on Sunday, April 23rd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $47.75.

Shares of CMS Energy Corporation (NYSE CMS) opened at 48.28 on Friday. The stock has a 50 day moving average of $46.68 and a 200-day moving average of $45.71. The stock has a market capitalization of $13.59 billion, a P/E ratio of 24.38 and a beta of 0.16. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $48.49.

CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.08. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.36 billion. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share. Equities research analysts predict that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 4th will be issued a $0.3325 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $1.33 annualized dividend and a yield of 2.75%. CMS Energy Corporation’s payout ratio is 66.83%.

In other news, Director Jon E. Barfield sold 6,336 shares of CMS Energy Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $46.81, for a total transaction of $296,588.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Garrick J. Rochow sold 2,000 shares of CMS Energy Corporation stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total transaction of $95,620.00. Following the sale, the insider now owns 64,307 shares in the company, valued at approximately $3,074,517.67. The disclosure for this sale can be found here. Insiders sold 68,336 shares of company stock worth $3,227,908 in the last 90 days. 0.65% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Blue Chip Partners Inc. raised its stake in CMS Energy Corporation by 0.7% in the first quarter. Blue Chip Partners Inc. now owns 4,610 shares of the utilities provider’s stock worth $206,000 after buying an additional 34 shares in the last quarter. Clarius Group LLC raised its stake in CMS Energy Corporation by 0.6% in the second quarter. Clarius Group LLC now owns 5,320 shares of the utilities provider’s stock worth $247,000 after buying an additional 34 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in CMS Energy Corporation by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 16,924 shares of the utilities provider’s stock worth $783,000 after buying an additional 62 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in CMS Energy Corporation by 1.3% in the second quarter. Wetherby Asset Management Inc. now owns 5,216 shares of the utilities provider’s stock worth $241,000 after buying an additional 66 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in CMS Energy Corporation by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,836 shares of the utilities provider’s stock worth $964,000 after buying an additional 73 shares in the last quarter. Institutional investors own 85.93% of the company’s stock.

CMS Energy Corporation Company Profile

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

Analyst Recommendations for CMS Energy Corporation (NYSE:CMS)

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