CMS Energy Co. (NYSE:CMS) Receives $70.36 Consensus Price Target from Analysts

CMS Energy Co. (NYSE:CMS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $70.36.

Several brokerages have recently issued reports on CMS. BMO Capital Markets reduced their price target on CMS Energy from $77.00 to $76.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Barclays lifted their price target on CMS Energy from $65.00 to $68.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. StockNews.com lowered CMS Energy from a "hold" rating to a "sell" rating in a report on Thursday, November 28th. Jefferies Financial Group started coverage on CMS Energy in a report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 target price for the company. Finally, Morgan Stanley reduced their target price on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the transaction, the senior vice president now owns 64,771 shares of the company's stock, valued at approximately $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,417 shares in the company, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On CMS Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Tidal Investments LLC lifted its stake in shares of CMS Energy by 17.6% during the third quarter. Tidal Investments LLC now owns 19,780 shares of the utilities provider's stock valued at $1,397,000 after acquiring an additional 2,965 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of CMS Energy during the third quarter valued at $589,000. World Investment Advisors LLC acquired a new position in shares of CMS Energy during the third quarter valued at $248,000. Sanctuary Advisors LLC lifted its stake in CMS Energy by 34.6% in the third quarter. Sanctuary Advisors LLC now owns 34,904 shares of the utilities provider's stock valued at $2,427,000 after buying an additional 8,975 shares during the period. Finally, Virtu Financial LLC lifted its stake in CMS Energy by 18.0% in the third quarter. Virtu Financial LLC now owns 18,358 shares of the utilities provider's stock valued at $1,297,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Trading Up 0.4 %

CMS traded up $0.29 during trading on Friday, reaching $67.32. The company had a trading volume of 1,946,568 shares, compared to its average volume of 2,275,587. The firm's 50-day simple moving average is $69.13 and its 200 day simple moving average is $66.13. The company has a market cap of $20.11 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 2.66 and a beta of 0.41. CMS Energy has a 12-month low of $55.10 and a 12-month high of $72.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The company had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. Equities research analysts anticipate that CMS Energy will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.06%. This is a boost from CMS Energy's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, November 13th. CMS Energy's dividend payout ratio is 58.86%.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.