CMS Energy Corp. (NYSE:CMS) has earned an average rating of “Hold” from the twelve analysts that are currently covering the stock. Eight analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $43.69.
CMS has been the topic of a number of research analyst reports. Scotiabank initiated coverage on CMS Energy Corp. in a research note on Friday, July 15th. They issued a “sector perform” rating and a $46.00 price target on the stock. SunTrust Banks Inc. decreased their price target on CMS Energy Corp. from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, August 29th. Zacks Investment Research raised CMS Energy Corp. from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Thursday, July 14th. KeyCorp reissued an “outperform” rating and issued a $47.00 price target (up from $45.00) on shares of CMS Energy Corp. in a research note on Saturday, July 2nd. Finally, Howard Weil began coverage on CMS Energy Corp. in a report on Friday, July 15th. They issued a “sector perform” rating and a $46.00 price objective on the stock.
In other CMS Energy Corp. news, SVP Brian F. Rich sold 2,135 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $43.17, for a total transaction of $92,167.95. Following the completion of the sale, the senior vice president now owns 49,330 shares in the company, valued at approximately $2,129,576.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Catherine M. Reynolds sold 11,032 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $43.59, for a total value of $480,884.88. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.
A number of large investors have recently modified their holdings of CMS. Cleararc Capital Inc. raised its stake in shares of CMS Energy Corp. by 0.3% in the second quarter. Cleararc Capital Inc. now owns 6,782 shares of the company’s stock worth $311,000 after buying an additional 19 shares during the period. Blue Chip Partners Inc. raised its stake in shares of CMS Energy Corp. by 0.7% in the second quarter. Blue Chip Partners Inc. now owns 4,708 shares of the company’s stock worth $216,000 after buying an additional 35 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of CMS Energy Corp. by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,649 shares of the company’s stock worth $488,000 after buying an additional 67 shares during the period. Transamerica Financial Advisors Inc. raised its stake in shares of CMS Energy Corp. by 0.5% in the second quarter. Transamerica Financial Advisors Inc. now owns 13,819 shares of the company’s stock worth $634,000 after buying an additional 72 shares during the period. Finally, BKD Wealth Advisors LLC raised its stake in shares of CMS Energy Corp. by 1.7% in the second quarter. BKD Wealth Advisors LLC now owns 4,927 shares of the company’s stock worth $226,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 89.09% of the company’s stock.
CMS Energy Corp. (NYSE:CMS) opened at 40.26 on Tuesday. The stock’s 50 day moving average price is $42.30 and its 200-day moving average price is $42.71. CMS Energy Corp. has a 12 month low of $33.84 and a 12 month high of $46.25. The firm has a market capitalization of $11.23 billion, a P/E ratio of 20.64 and a beta of 0.12.
CMS Energy Corp. (NYSE:CMS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. CMS Energy Corp. had a return on equity of 13.34% and a net margin of 8.79%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company earned $0.25 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts forecast that CMS Energy Corp. will post $2.02 earnings per share for the current year.
CMS Energy Corp. Company Profile
CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. The Company operates in three segments, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility operations and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass.
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