Share on StockTwits
 

Stock analysts at ISI Group lifted their target price on shares of CMS Energy Corp. (NYSE:CMS) from $27.50 to $28.00 in a report issued on Friday, Analyst Ratings Network.com reports. ISI Group’s price target indicates a potential upside of 0.76% from the company’s current price.

CMS Energy Corp. (NYSE:CMS) opened at 27.79 on Friday. CMS Energy Corp. has a one year low of $25.43 and a one year high of $29.98. The stock’s 50-day moving average is $26.63 and its 200-day moving average is $26.96. The company has a market cap of $7.392 billion and a P/E ratio of 17.67.

CMS Energy Corp. (NYSE:CMS) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.90 billion. On average, analysts predict that CMS Energy Corp. will post $1.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Investors of record on Friday, February 7th will be paid a dividend of 0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Wednesday, February 5th. This is an increase from CMS Energy Corp.’s previous quarterly dividend of $0.26.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of CMS Energy Corp. in a research note to investors on Friday, January 17th. They now have a $28.00 price target on the stock. Analysts at Barclays downgraded shares of CMS Energy Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, January 6th. They now have a $28.00 price target on the stock, down previously from $32.00. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. CMS Energy Corp. presently has an average rating of “Buy” and an average price target of $29.56.

CMS Energy Corporation (NYSE:CMS) is an energy company operating primarily in Michigan.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.