CMS Energy Given Buy Rating at Deutsche Bank (CMS)
CMS Energy (NYSE:CMS)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Friday. They currently have a $33.00 price objective on the stock, up from their previous price objective of $32.00. Deutsche Bank’s target price would suggest a potential upside of 9.20% from the company’s current price.
A number of other analysts have also recently weighed in on CMS. Analysts at Zacks reiterated a “neutral” rating on shares of CMS Energy in a research note on Friday, July 18th. They now have a $32.00 price target on the stock. Separately, analysts at Robert W. Baird initiated coverage on shares of CMS Energy in a research note on Thursday, May 22nd. They set an “outperform” rating and a $35.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CMS Energy presently has an average rating of “Buy” and a consensus price target of $31.20.
Shares of CMS Energy (NYSE:CMS) traded down 1.14% on Friday, hitting $30.22. The stock had a trading volume of 2,261,631 shares. CMS Energy has a 52-week low of $25.74 and a 52-week high of $31.23. The stock has a 50-day moving average of $30.24 and a 200-day moving average of $28.99. The company has a market cap of $8.111 billion and a P/E ratio of 16.25. CMS Energy also saw a significant decline in short interest in June. As of June 30th, there was short interest totalling 5,556,455 shares, a decline of 43.1% from the June 13th total of 9,761,655 shares. Based on an average daily volume of 2,280,818 shares, the short-interest ratio is presently 2.4 days. Currently, 2.1% of the company’s stock are short sold.
CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.04. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $0.29 earnings per share. CMS Energy’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that CMS Energy will post $1.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Friday, August 1st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, July 30th.
CMS Energy Corporation (NYSE:CMS) is an energy company operating primarily in Michigan.
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