Shares of CMS Energy Corporation (NYSE:CMS) have received an average rating of “Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $48.90.
Several analysts have commented on the stock. Zacks Investment Research upgraded shares of CMS Energy Corporation from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Bank of America Corporation assumed coverage on shares of CMS Energy Corporation in a report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 price objective for the company. KeyCorp restated a “buy” rating and issued a $51.00 price objective on shares of CMS Energy Corporation in a report on Friday, October 20th. SunTrust Banks, Inc. restated a “hold” rating and issued a $47.00 price objective on shares of CMS Energy Corporation in a report on Wednesday, October 4th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $46.00 price objective on shares of CMS Energy Corporation in a report on Monday, September 11th.
In related news, SVP Brian F. Rich sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $48.26, for a total transaction of $168,910.00. Following the completion of the sale, the senior vice president now owns 44,835 shares of the company’s stock, valued at $2,163,737.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy Corporation stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total transaction of $48,020.00. The disclosure for this sale can be found here. Insiders have sold 6,500 shares of company stock valued at $312,550 over the last quarter. Company insiders own 0.65% of the company’s stock.
A number of large 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 period. 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 period. 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 period. Eaton Vance Management grew its position in CMS Energy Corporation by 339.0% in the 2nd quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock worth $117,209,000 after purchasing an additional 1,957,005 shares during the period. Finally, Legal & General Group Plc grew its position in CMS Energy Corporation by 6.3% in the 2nd quarter. Legal & General Group Plc now owns 2,303,605 shares of the utilities provider’s stock worth $106,547,000 after purchasing an additional 136,836 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.
Shares of CMS Energy Corporation (NYSE:CMS) remained flat at $$48.13 during mid-day trading on Wednesday. The stock had a trading volume of 2,280,000 shares, compared to its average volume of 1,930,000. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $49.11. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94. The firm has a market capitalization of $13.58 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 3.43 and a beta of 0.18.
CMS Energy Corporation (NYSE:CMS) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. CMS Energy Corporation had a net margin of 8.38% and a return on equity of 12.30%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the business posted $0.70 earnings per share. CMS Energy Corporation’s quarterly revenue was down 3.8% compared to the same quarter last year. equities analysts expect that CMS Energy Corporation will post 2.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.3325 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.33 annualized dividend and a dividend yield of 2.76%. CMS Energy Corporation’s payout ratio is 68.91%.
About CMS Energy Corporation
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.
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