CMS Energy Corp. (NYSE:CMS) gapped up prior to trading on Friday . The stock had previously closed at $43.67, but opened at $43.72. CMS Energy Corp. shares last traded at $43.96, with a volume of 744,460 shares trading hands.

Several equities research analysts have recently weighed in on the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of CMS Energy Corp. in a research note on Monday, April 18th. Scotiabank assumed coverage on shares of 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. Zacks Investment Research raised shares of 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 reaffirmed an “outperform” rating and issued a $47.00 price target (up previously from $45.00) on shares of CMS Energy Corp. in a research note on Saturday, July 2nd. Finally, Howard Weil assumed coverage on shares of 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. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. CMS Energy Corp. has a consensus rating of “Hold” and a consensus target price of $43.75.

The stock has a market cap of $12.24 billion and a price-to-earnings ratio of 22.48. The firm’s 50 day moving average price is $44.85 and its 200-day moving average price is $42.00.

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 the Zacks’ consensus estimate of $0.36 by $0.09. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company earned $0.25 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts predict that CMS Energy Corp. will post $2.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 5th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 2.83%.

In other CMS Energy Corp. news, SVP Daniel J. Malone sold 3,639 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $40.95, for a total transaction of $149,017.05. Following the sale, the senior vice president now directly owns 149,331 shares in the company, valued at $6,115,104.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Catherine M. Reynolds sold 11,032 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $43.59, for a total transaction of $480,884.88. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. Calvert Investment Management Inc. raised its stake in CMS Energy Corp. by 59.9% in the fourth quarter. Calvert Investment Management Inc. now owns 51,179 shares of the company’s stock worth $1,847,000 after buying an additional 19,168 shares during the last quarter. American International Group Inc. raised its stake in CMS Energy Corp. by 1.0% in the fourth quarter. American International Group Inc. now owns 169,631 shares of the company’s stock worth $6,120,000 after buying an additional 1,712 shares during the last quarter. I.G. Investment Management LTD. raised its stake in CMS Energy Corp. by 357.6% in the fourth quarter. I.G. Investment Management LTD. now owns 288,300 shares of the company’s stock worth $10,402,000 after buying an additional 225,300 shares during the last quarter. WBI Investments Inc. purchased a new stake in CMS Energy Corp. during the fourth quarter worth $5,809,000. Finally, Advisors Asset Management Inc. raised its stake in CMS Energy Corp. by 11.4% in the fourth quarter. Advisors Asset Management Inc. now owns 41,920 shares of the company’s stock worth $1,512,000 after buying an additional 4,304 shares during the last quarter.

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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