Brokerages Set CMS Energy Co. (NYSE:CMS) PT at $71.69

CMS Energy Co. (NYSE:CMS) has received an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $72.42.

Several research analysts have recently commented on CMS shares. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Scotiabank increased their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Morgan Stanley decreased their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Finally, Jefferies Financial Group began coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective on the stock.

CMS Energy Price Performance

CMS opened at $72.90 on Friday. The stock has a fifty day moving average price of $68.13 and a 200 day moving average price of $68.63. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. CMS Energy has a 1 year low of $56.61 and a 1 year high of $75.06. The stock has a market cap of $21.78 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Analysts forecast that CMS Energy will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were given a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a yield of 2.98%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is 65.36%.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.22, for a total transaction of $134,440.00. Following the sale, the senior vice president now owns 63,197 shares of the company’s stock, valued at approximately $4,248,102.34. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the sale, the director now owns 144,059 shares in the company, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,950 shares of company stock valued at $2,669,620 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Institutional Trading of CMS Energy

Institutional investors have recently made changes to their positions in the business. Siemens Fonds Invest GmbH lifted its position in shares of CMS Energy by 25.4% during the 4th quarter. Siemens Fonds Invest GmbH now owns 4,048 shares of the utilities provider’s stock worth $270,000 after buying an additional 819 shares during the period. Cim LLC lifted its holdings in shares of CMS Energy by 2.0% during the fourth quarter. Cim LLC now owns 18,068 shares of the utilities provider’s stock valued at $1,204,000 after acquiring an additional 346 shares during the period. Brooklyn FI LLC acquired a new stake in shares of CMS Energy in the 4th quarter valued at $308,000. LifeWealth Investments LLC bought a new stake in shares of CMS Energy in the 4th quarter worth about $322,000. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in shares of CMS Energy in the 4th quarter worth about $2,017,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Company Profile

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.