CMS Energy Co. (NYSE:CMS) Receives $69.85 Consensus Target Price from Brokerages

Shares of CMS Energy Co. (NYSE:CMS) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $69.85.

CMS has been the subject of a number of analyst reports. BMO Capital Markets decreased their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Barclays raised their price objective on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Scotiabank increased their price target on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley upped their price objective on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th.

CMS Energy Price Performance

CMS opened at $68.30 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. The company’s 50 day simple moving average is $69.80 and its 200-day simple moving average is $64.62. CMS Energy has a one year low of $54.13 and a one year high of $72.40. The stock has a market capitalization of $20.40 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 2.79 and a beta of 0.41.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that CMS Energy will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. The ex-dividend date is Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.02%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is currently 63.19%.

Hedge Funds Weigh In On CMS Energy

A number of hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC boosted its stake in shares of CMS Energy by 48,203.8% in the first quarter. Lazard Asset Management LLC now owns 50,719 shares of the utilities provider’s stock valued at $3,059,000 after buying an additional 50,614 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in CMS Energy by 16.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider’s stock valued at $21,267,000 after purchasing an additional 49,630 shares in the last quarter. Duality Advisers LP lifted its position in CMS Energy by 1,854.4% during the first quarter. Duality Advisers LP now owns 114,193 shares of the utilities provider’s stock worth $6,890,000 after purchasing an additional 108,350 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in CMS Energy by 56.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,719 shares of the utilities provider’s stock worth $4,511,000 after buying an additional 27,053 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in CMS Energy by 79.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 731,887 shares of the utilities provider’s stock valued at $43,569,000 after buying an additional 325,101 shares during the period. 93.57% of the stock is 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.