CMS Energy Corp. Rating Reiterated by Deutsche Bank (CMS)
CMS Energy Corp. (NYSE:CMS)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Friday, American Banking & Market News reports. They currently have a $30.00 price objective on the stock. Deutsche Bank’s price objective points to a potential upside of 7.76% from the company’s current price.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of CMS Energy Corp. in a research note to investors on Monday. They now have a $29.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $30.36.
Shares of CMS Energy Corp. (NYSE:CMS) traded up 0.65% on Friday, hitting $28.02. The stock had a trading volume of 1,825,041 shares. CMS Energy Corp. has a 1-year low of $22.56 and a 1-year high of $29.98. The stock’s 50-day moving average is $27.08 and its 200-day moving average is $27.. The company has a market cap of $7.450 billion and a price-to-earnings ratio of 17.09.
CMS Energy Corp. (NYSE:CMS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.01. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts predict that CMS Energy Corp. will post $1.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 27th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.26 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Wednesday, October 30th.
CMS Energy Corporation (NYSE:CMS) is an energy company operating primarily in Michigan.
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