CMS Energy (CMS) Receives Consensus Rating of “Buy” from Brokerages

Shares of CMS Energy (NYSE:CMS) have received an average recommendation of “Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $48.08.

A number of equities analysts have recently issued reports on CMS shares. TheStreet upgraded CMS Energy from a “c+” rating to an “a-” rating in a report on Thursday, April 26th. SunTrust Banks set a $46.00 target price on CMS Energy and gave the stock a “hold” rating in a report on Monday, March 19th. Zacks Investment Research upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Hilliard Lyons upgraded CMS Energy from a “neutral” rating to a “buy” rating in a report on Thursday, February 15th. Finally, Bank of America reiterated a “buy” rating and issued a $49.00 target price (up from $48.00) on shares of CMS Energy in a report on Monday, February 26th.

In other news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $46.62, for a total transaction of $46,620.00. Following the transaction, the insider now owns 31,753 shares of the company’s stock, valued at approximately $1,480,324.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Glenn P. Barba sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $46.85, for a total value of $468,500.00. Following the transaction, the vice president now directly owns 32,161 shares in the company, valued at approximately $1,506,742.85. The disclosure for this sale can be found here. In the last three months, insiders sold 24,921 shares of company stock worth $1,134,161. Insiders own 0.65% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Zions Bancorporation bought a new stake in shares of CMS Energy during the 1st quarter valued at $119,000. Cerebellum GP LLC bought a new stake in shares of CMS Energy during the 4th quarter valued at $122,000. Tower Research Capital LLC TRC raised its stake in shares of CMS Energy by 271.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock valued at $129,000 after purchasing an additional 1,998 shares during the period. Advisors Preferred LLC bought a new stake in shares of CMS Energy during the 1st quarter valued at $139,000. Finally, Dupont Capital Management Corp bought a new stake in shares of CMS Energy during the 1st quarter valued at $144,000. 88.91% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CMS traded up $0.03 during trading hours on Friday, hitting $44.11. The company’s stock had a trading volume of 2,428,756 shares, compared to its average volume of 2,582,446. The firm has a market capitalization of $12.46 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.98 and a beta of 0.06. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. CMS Energy has a twelve month low of $40.48 and a twelve month high of $50.85.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, April 26th. The utilities provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.04. CMS Energy had a return on equity of 14.33% and a net margin of 7.48%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. analysts anticipate that CMS Energy will post 2.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Friday, May 4th will be given a dividend of $0.3575 per share. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a $1.43 annualized dividend and a dividend yield of 3.24%. CMS Energy’s payout ratio is 65.90%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

Analyst Recommendations for CMS Energy (NYSE:CMS)

Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply