Shares of CMS Energy Co. (NYSE:CMS) have been assigned a consensus recommendation of “Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $49.15.

CMS has been the topic of several analyst reports. SunTrust Banks restated a “hold” rating and issued a $47.00 target price on shares of CMS Energy in a research report on Wednesday, October 4th. KeyCorp restated a “buy” rating and issued a $51.00 target price on shares of CMS Energy in a research report on Friday, October 20th. Royal Bank of Canada restated a “hold” rating and issued a $46.00 target price on shares of CMS Energy in a research report on Monday, September 11th. Morgan Stanley raised their target price on CMS Energy from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Finally, Wells Fargo & Company upgraded CMS Energy from a “market perform” rating to an “outperform” rating in a research report on Monday.

Shares of CMS Energy (CMS) traded up $0.10 during trading on Thursday, hitting $47.26. The stock had a trading volume of 2,476,016 shares, compared to its average volume of 1,846,400. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.59. The firm has a market cap of $13,457.65, a PE ratio of 24.47, a price-to-earnings-growth ratio of 3.40 and a beta of 0.19. CMS Energy has a fifty-two week low of $41.12 and a fifty-two week high of $50.85.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.07. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.60 billion. CMS Energy had a return on equity of 12.30% and a net margin of 8.38%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. research analysts forecast that CMS Energy will post 2.17 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 3rd were given a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Thursday, November 2nd. CMS Energy’s dividend payout ratio (DPR) is presently 68.91%.

In other news, insider David G. Mengebier sold 2,500 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $49.48, for a total transaction of $123,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total value of $48,020.00. Following the sale, the insider now directly owns 28,176 shares of the company’s stock, valued at $1,353,011.52. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMS. Zions Bancorporation boosted its stake in shares of CMS Energy by 8,255.2% during the 3rd quarter. Zions Bancorporation now owns 2,423 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 2,394 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in shares of CMS Energy by 62.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 438 shares in the last quarter. IBM Retirement Fund bought a new stake in shares of CMS Energy during the 3rd quarter worth $205,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of CMS Energy during the 3rd quarter worth $216,000. Finally, BlueMountain Capital Management LLC bought a new stake in shares of CMS Energy during the 2nd quarter worth $217,000. 87.15% of the stock is owned by institutional investors and hedge funds.

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CMS Energy Company Profile

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

Analyst Recommendations for CMS Energy (NYSE:CMS)

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