CMS Energy Co. (CMS) Receives Average Recommendation of “Buy” from Brokerages

CMS Energy Co. (NYSE:CMS) has been given an average recommendation of “Buy” by the fifteen brokerages that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $49.14.

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Co raised shares of CMS Energy from a “market perform” rating to an “outperform” rating in a report on Monday, December 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $52.00 price target on shares of CMS Energy in a report on Wednesday, December 13th. KeyCorp reaffirmed a “buy” rating and set a $51.50 price target on shares of CMS Energy in a report on Friday, December 15th. Bank of America assumed coverage on shares of CMS Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $52.00 price target for the company. Finally, Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Friday, October 27th.

In other CMS Energy news, insider David G. Mengebier sold 2,500 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $49.48, for a total transaction of $123,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Archford Capital Strategies LLC grew its holdings in 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. Zions Bancorporation grew its holdings in 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. Cerebellum GP LLC acquired a new position in CMS Energy during the 4th quarter worth $122,000. Tower Research Capital LLC TRC lifted its position in shares of CMS Energy by 271.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock worth $129,000 after buying an additional 1,998 shares during the last quarter. Finally, IBM Retirement Fund bought a new position in shares of CMS Energy in the 3rd quarter worth about $205,000. 87.22% of the stock is owned by institutional investors.

CMS Energy (NYSE CMS) traded up $1.02 on Friday, reaching $42.79. 5,897,732 shares of the company were exchanged, compared to its average volume of 3,031,636. The firm has a market cap of $11,889.66, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 2.82 and a beta of 0.09. CMS Energy has a 1-year low of $40.48 and a 1-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.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be issued a dividend of $0.3575 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.33. This represents a $1.43 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Thursday, February 15th. CMS Energy’s dividend payout ratio (DPR) is currently 68.91%.

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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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