CMS Energy (NYSE:CMS) Sets New 52-Week High - Should You Buy?

CMS Energy Co. (NYSE:CMS - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $71.57 and last traded at $71.43, with a volume of 111952 shares changing hands. The stock had previously closed at $71.03.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their target price on CMS Energy from $70.00 to $77.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Mizuho downgraded shares of CMS Energy from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. KeyCorp raised their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Bank of America boosted their price target on shares of CMS Energy from $69.00 to $73.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. Finally, BMO Capital Markets raised their price objective on CMS Energy from $69.00 to $76.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, CMS Energy presently has an average rating of "Moderate Buy" and an average target price of $69.85.

CMS Energy Stock Up 1.5 %

The company has a market cap of $21.53 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. The business's fifty day moving average is $69.32 and its two-hundred day moving average is $64.08.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The company had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. CMS Energy's revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.86%. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 13th. CMS Energy's dividend payout ratio (DPR) is presently 62.80%.

Hedge Funds Weigh In On CMS Energy

A number of large investors have recently added to or reduced their stakes in the company. TruNorth Capital Management LLC raised its stake in shares of CMS Energy by 431.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider's stock worth $42,000 after acquiring an additional 578 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of CMS Energy in the 1st quarter worth $43,000. Innealta Capital LLC purchased a new position in CMS Energy during the 2nd quarter worth $43,000. Values First Advisors Inc. purchased a new stake in CMS Energy in the third quarter valued at about $56,000. Finally, DT Investment Partners LLC boosted its holdings in CMS Energy by 594.5% in the second quarter. DT Investment Partners LLC now owns 1,007 shares of the utilities provider's stock worth $60,000 after acquiring an additional 862 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

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.