CMS Energy Co. (NYSE:CMS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of CMS Energy Co. (NYSE:CMS) have received a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $75.36.

CMS has been the topic of a number of analyst reports. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. BMO Capital Markets raised their price objective on CMS Energy from $73.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday. Guggenheim reiterated a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. UBS Group boosted their target price on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a report on Friday. Finally, Scotiabank upped their price target on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the transaction, the senior vice president now directly owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,200 shares of company stock valued at $789,532. Insiders own 0.40% of the company’s stock.

Institutional Trading of CMS Energy

Several institutional investors and hedge funds have recently bought and sold shares of CMS. Pallas Capital Advisors LLC raised its position in shares of CMS Energy by 4.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock valued at $297,000 after acquiring an additional 173 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its holdings in shares of CMS Energy by 1.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after buying an additional 200 shares during the period. Private Trust Co. NA raised its stake in CMS Energy by 25.6% during the third quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 200 shares during the period. Mather Group LLC. lifted its holdings in CMS Energy by 5.8% in the fourth quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider’s stock worth $266,000 after acquiring an additional 220 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in CMS Energy by 4.9% in the fourth quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider’s stock worth $317,000 after acquiring an additional 220 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Trading Down 0.5 %

Shares of CMS Energy stock opened at $73.17 on Tuesday. CMS Energy has a 1 year low of $56.61 and a 1 year high of $75.06. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The business has a 50 day moving average price of $69.98 and a 200 day moving average price of $69.15. The company has a market capitalization of $21.86 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Sell-side analysts anticipate that CMS Energy will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a $0.5425 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.17 annualized dividend and a dividend yield of 2.97%. CMS Energy’s payout ratio is 65.36%.

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.