CMS Energy Stock Rating Reaffirmed by SunTrust (CMS)
CMS Energy (NYSE:CMS)‘s stock had its “neutral” rating reiterated by equities researchers at SunTrust in a research report issued on Monday. They currently have a $30.00 price objective on the stock, down from their previous price objective of $31.00. SunTrust’s target price suggests a potential upside of 3.41% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of CMS Energy in a research note on Friday, July 25th. They now have a $33.00 price target on the stock, up previously from $32.00. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $31.00.
Shares of CMS Energy (NYSE:CMS) traded down 2.34% during mid-day trading on Monday, hitting $28.33. 1,527,480 shares of the company’s stock traded hands. CMS Energy has a one year low of $25.74 and a one year high of $31.23. The stock’s 50-day moving average is $30.23 and its 200-day moving average is $29.1. The company has a market cap of $7.790 billion and a price-to-earnings ratio of 15.42.
CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that CMS Energy will post $1.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors 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 3.72%. 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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