Brokerages Set CMS Energy Co. (NYSE:CMS) Price Target at $63.50

Shares of CMS Energy Co. (NYSE:CMS) have been given an average rating of “Moderate Buy” by the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $63.50.

Several equities analysts recently weighed in on CMS shares. UBS Group lowered shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a report on Thursday, April 4th. Royal Bank of Canada reduced their price objective on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. Scotiabank cut their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Guggenheim raised CMS Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $64.00 in a research note on Friday, February 2nd. Finally, Barclays raised their price target on CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th.

CMS Energy Trading Up 0.8 %

CMS opened at $62.74 on Friday. CMS Energy has a 1-year low of $49.87 and a 1-year high of $63.76. The stock has a market capitalization of $18.70 billion, a PE ratio of 19.13, a PEG ratio of 2.51 and a beta of 0.37. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. The firm has a 50-day moving average price of $59.31 and a two-hundred day moving average price of $57.84.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. CMS Energy’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.70 EPS. As a group, equities analysts anticipate that CMS Energy will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.515 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a yield of 3.28%. CMS Energy’s payout ratio is 62.80%.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at approximately $3,985,144.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total transaction of $202,230.00. Following the completion of the sale, the senior vice president now owns 68,971 shares of the company’s stock, valued at approximately $3,985,144.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the transaction, the senior vice president now directly owns 97,682 shares in the company, valued at $5,968,370.20. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Institutional investors have recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of CMS Energy by 320.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock worth $250,026,000 after purchasing an additional 3,282,697 shares in the last quarter. Norges Bank bought a new stake in shares of CMS Energy during the fourth quarter worth about $111,004,000. American Century Companies Inc. raised its holdings in CMS Energy by 6,027.8% in the 3rd quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider’s stock valued at $92,453,000 after buying an additional 1,712,368 shares during the last quarter. Capital International Investors grew its holdings in CMS Energy by 24.8% during the 4th quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock worth $360,537,000 after acquiring an additional 1,234,791 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy by 34.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,456,713 shares of the utilities provider’s stock worth $200,731,000 after purchasing an additional 883,180 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

About CMS Energy

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