Royal Bank Of Canada restated their hold rating on shares of CMS Energy Corporation (NYSE:CMS) in a research note released on Monday. The brokerage currently has a $46.00 target price on the utilities provider’s stock.

Other research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of CMS Energy Corporation from a strong-buy rating to a buy rating in a report on Saturday, June 24th. BMO Capital Markets restated a buy rating and set a $48.00 price target on shares of CMS Energy Corporation in a report on Monday, July 31st. KeyCorp restated a buy rating and set a $51.00 price target on shares of CMS Energy Corporation in a report on Friday, September 1st. Morgan Stanley raised their price target on shares of CMS Energy Corporation from $49.00 to $50.00 and gave the company an equal weight rating in a report on Friday, September 8th. Finally, Guggenheim started coverage on shares of CMS Energy Corporation in a report on Tuesday, September 5th. They set a neutral rating and a $48.00 price target on the stock. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $48.20.

Shares of CMS Energy Corporation (NYSE CMS) opened at 47.50 on Monday. The stock has a market capitalization of $13.37 billion, a PE ratio of 23.99 and a beta of 0.17. CMS Energy Corporation has a 12 month low of $38.78 and a 12 month high of $49.11. The company’s 50-day moving average is $47.75 and its 200-day moving average is $46.29.

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

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The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 4th were issued a $0.3325 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $1.33 annualized dividend and a yield of 2.80%. CMS Energy Corporation’s dividend payout ratio (DPR) is presently 66.83%.

In related news, insider Garrick J. Rochow sold 2,000 shares of CMS Energy Corporation stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total value of $95,620.00. Following the transaction, the insider now owns 64,307 shares in the company, valued at approximately $3,074,517.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jon E. Barfield sold 6,336 shares of CMS Energy Corporation stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total transaction of $296,588.16. The disclosure for this sale can be found here. Insiders sold a total of 11,836 shares of company stock worth $561,118 in the last quarter. Insiders own 0.65% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in CMS Energy Corporation by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock worth $1,354,091,000 after purchasing an additional 764,989 shares during the last quarter. BlackRock Inc. grew its position in CMS Energy Corporation by 11.6% in the 2nd quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock worth $1,180,906,000 after purchasing an additional 2,653,503 shares during the last quarter. JPMorgan Chase & Co. grew its position in CMS Energy Corporation by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock worth $961,152,000 after purchasing an additional 2,145,055 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in CMS Energy Corporation by 1.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,588,141 shares of the utilities provider’s stock worth $160,533,000 after purchasing an additional 63,872 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in CMS Energy Corporation by 10.3% in the 1st quarter. Geode Capital Management LLC now owns 2,749,657 shares of the utilities provider’s stock worth $122,844,000 after purchasing an additional 257,136 shares during the last quarter. Institutional investors own 87.45% 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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