Mizuho initiated coverage on shares of CMS Energy (NYSE:CMS) in a research note released on Thursday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $55.00 price target on the utilities provider’s stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. cut their target price on shares of CMS Energy from $70.00 to $63.00 and set an overweight rating on the stock in a research report on Thursday, March 26th. Cfra upgraded shares of CMS Energy from a sell rating to a hold rating in a research report on Monday, April 27th. Morgan Stanley dropped their price target on shares of CMS Energy from $66.00 to $62.00 and set an equal weight rating on the stock in a research report on Wednesday, April 15th. Barclays dropped their price target on shares of CMS Energy from $67.00 to $51.00 and set an equal weight rating on the stock in a research report on Thursday, March 26th. Finally, Royal Bank of Canada restated a hold rating and issued a $62.00 price target on shares of CMS Energy in a research report on Thursday, April 30th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. CMS Energy currently has a consensus rating of Hold and an average target price of $64.00.

Shares of CMS Energy stock opened at $53.68 on Thursday. The firm has a market capitalization of $15.36 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 3.01 and a beta of 0.20. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 2.42. The firm’s 50 day moving average is $58.13 and its 200 day moving average is $62.06. CMS Energy has a 1 year low of $46.03 and a 1 year high of $69.17.

CMS Energy (NYSE:CMS) last posted its earnings results on Monday, April 27th. The utilities provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. CMS Energy had a net margin of 10.68% and a return on equity of 14.68%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the company earned $0.75 EPS. The firm’s revenue was down 9.5% compared to the same quarter last year. As a group, research analysts anticipate that CMS Energy will post 2.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.4075 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.63 dividend on an annualized basis and a yield of 3.04%. CMS Energy’s dividend payout ratio (DPR) is presently 65.46%.

In other CMS Energy news, SVP Jean-Francois Brossoit sold 1,796 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $55.62, for a total transaction of $99,893.52. Following the sale, the senior vice president now directly owns 59,087 shares of the company’s stock, valued at $3,286,418.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Catherine A. Hendrian sold 2,769 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $54.16, for a total transaction of $149,969.04. Following the sale, the senior vice president now directly owns 45,115 shares in the company, valued at $2,443,428.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,165 shares of company stock valued at $561,951. Company insiders own 0.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. CNB Bank bought a new position in shares of CMS Energy in the fourth quarter worth approximately $26,000. Bainco International Investors bought a new position in CMS Energy during the first quarter valued at approximately $26,000. NorthRock Partners LLC bought a new position in CMS Energy during the fourth quarter valued at approximately $28,000. Rockefeller Capital Management L.P. grew its position in CMS Energy by 86.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 467 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 217 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in CMS Energy by 420.8% during the first quarter. First Horizon Advisors Inc. now owns 526 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 425 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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Analyst Recommendations for CMS Energy (NYSE:CMS)

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