Shares of CMS Energy Co. (NYSE:CMS) have been assigned a consensus rating of “Buy” from the fifteen brokerages that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $49.25.

CMS has been the topic of several research reports. Bank of America initiated coverage on CMS Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 target price on the stock. 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. Morgan Stanley restated an “equal weight” rating and issued a $52.00 target price on shares of CMS Energy in a research report on Wednesday, December 13th. Zacks Investment Research upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Guggenheim restated a “hold” rating and issued a $50.00 target price on shares of CMS Energy in a research report on Wednesday, January 3rd.

In related news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total transaction of $48,020.00. Following the transaction, the insider now owns 28,176 shares in the company, valued at $1,353,011.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David G. Mengebier sold 2,500 shares of CMS Energy stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $49.48, for a total value of $123,700.00. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CMS. Vanguard Group Inc. raised its position in CMS Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock valued at $1,354,091,000 after purchasing an additional 764,989 shares during the period. BlackRock Inc. raised its position in CMS Energy by 11.6% in the second quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock valued at $1,180,906,000 after purchasing an additional 2,653,503 shares during the period. JPMorgan Chase & Co. raised its position in CMS Energy by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 21,476,208 shares of the utilities provider’s stock valued at $995,424,000 after purchasing an additional 694,563 shares during the period. Bank of New York Mellon Corp raised its position in CMS Energy by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 14,018,642 shares of the utilities provider’s stock valued at $649,344,000 after purchasing an additional 596,628 shares during the period. Finally, Capital International Investors raised its position in CMS Energy by 68.9% in the third quarter. Capital International Investors now owns 9,853,468 shares of the utilities provider’s stock valued at $456,413,000 after purchasing an additional 4,018,068 shares during the period. Hedge funds and other institutional investors own 87.25% of the company’s stock.

Shares of CMS Energy (CMS) traded down $0.38 on Monday, reaching $44.01. The company’s stock had a trading volume of 3,402,000 shares, compared to its average volume of 2,301,656. The firm has a market capitalization of $12,410.00, a price-to-earnings ratio of 22.80, a P/E/G ratio of 2.93 and a beta of 0.19. CMS Energy has a one year low of $41.58 and a one year high of $50.85. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.07. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 earnings per share. analysts anticipate that CMS Energy will post 2.17 earnings per share for the current fiscal year.

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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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