CMS Energy Co. (NYSE:CMS) has been assigned an average recommendation of “Buy” from the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $54.25.
A number of equities analysts have weighed in on CMS shares. Zacks Investment Research upgraded shares of CMS Energy from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Wednesday, April 3rd. SunTrust Banks reiterated a “hold” rating and set a $56.00 target price on shares of CMS Energy in a research report on Monday, February 25th. Goldman Sachs Group started coverage on shares of CMS Energy in a research report on Wednesday, January 16th. They set a “neutral” rating and a $52.00 target price for the company. Bank of America upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Thursday, April 11th. Finally, Argus increased their target price on shares of CMS Energy from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd.
CMS traded up $1.23 during trading on Friday, hitting $55.63. 1,676,863 shares of the company traded hands, compared to its average volume of 1,945,132. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.92 and a current ratio of 1.13. The firm has a market cap of $15.44 billion, a P/E ratio of 23.88, a PEG ratio of 3.42 and a beta of 0.18. CMS Energy has a one year low of $42.52 and a one year high of $56.29.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a $0.3825 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.75%. CMS Energy’s dividend payout ratio (DPR) is currently 65.67%.
In other news, VP Glenn P. Barba sold 8,500 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $54.95, for a total value of $467,075.00. Following the completion of the transaction, the vice president now directly owns 28,555 shares in the company, valued at $1,569,097.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Catherine M. Reynolds sold 6,203 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $54.63, for a total transaction of $338,869.89. Following the completion of the transaction, the senior vice president now owns 121,211 shares of the company’s stock, valued at $6,621,756.93. The disclosure for this sale can be found here. Insiders sold 39,690 shares of company stock valued at $2,169,900 over the last 90 days. 0.52% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Reilly Financial Advisors LLC bought a new position in shares of CMS Energy in the fourth quarter valued at approximately $25,000. Clean Yield Group purchased a new stake in CMS Energy in the fourth quarter valued at approximately $27,000. Cranbrook Wealth Management LLC purchased a new stake in CMS Energy in the fourth quarter valued at approximately $30,000. Oregon Public Employees Retirement Fund raised its stake in CMS Energy by 4,803.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,513,878 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 1,483,006 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new stake in CMS Energy in the fourth quarter valued at approximately $31,000. Institutional investors own 92.81% of the company’s stock.
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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