CMS Energy Corporation (CMS) Given Average Recommendation of “Buy” by Brokerages

CMS Energy Corporation (NYSE:CMS) has received a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $48.90.

Several research firms have recently commented on CMS. Zacks Investment Research raised shares of CMS Energy Corporation from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Bank of America Corporation began coverage on shares of CMS Energy Corporation in a report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 price target for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 price target on shares of CMS Energy Corporation in a report on Monday, July 31st. BidaskClub raised shares of CMS Energy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Morgan Stanley set a $49.00 price target on shares of CMS Energy Corporation and gave the company a “hold” rating in a report on Thursday, August 10th.

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CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.60 billion. CMS Energy Corporation had a net margin of 8.38% and a return on equity of 12.30%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.70 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 3rd will be given a $0.3325 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.33 annualized dividend and a yield of 2.75%. CMS Energy Corporation’s dividend payout ratio is presently 68.91%.

In related news, Director Jon E. Barfield sold 6,336 shares of CMS Energy Corporation stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $46.81, for a total value of $296,588.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Garrick J. Rochow sold 2,000 shares of CMS Energy Corporation stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $47.81, for a total transaction of $95,620.00. Following the completion of the sale, the insider now owns 64,307 shares in the company, valued at $3,074,517.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,836 shares of company stock worth $561,118. 0.65% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. State of Wisconsin Investment Board lifted its position in CMS Energy Corporation by 7.2% in the 3rd quarter. State of Wisconsin Investment Board now owns 233,241 shares of the utilities provider’s stock valued at $10,804,000 after purchasing an additional 15,597 shares during the last quarter. Stevens Capital Management LP lifted its position in CMS Energy Corporation by 196.0% in the 3rd quarter. Stevens Capital Management LP now owns 135,772 shares of the utilities provider’s stock valued at $6,289,000 after purchasing an additional 89,907 shares during the last quarter. Maple Brown Abbott Ltd lifted its position in CMS Energy Corporation by 25.0% in the 3rd quarter. Maple Brown Abbott Ltd now owns 1,339,902 shares of the utilities provider’s stock valued at $62,064,000 after purchasing an additional 267,800 shares during the last quarter. Andra AP fonden lifted its position in CMS Energy Corporation by 7.2% in the 3rd quarter. Andra AP fonden now owns 111,300 shares of the utilities provider’s stock valued at $5,155,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in CMS Energy Corporation by 8.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 965,860 shares of the utilities provider’s stock valued at $44,739,000 after purchasing an additional 79,200 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

CMS Energy Corporation 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 Corporation (NYSE:CMS)

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