CMS Energy Corp. (CMS) Stock Price Down 0.8%
Shares of CMS Energy Corp. (NYSE:CMS) fell 0.8% during mid-day trading on Monday . The company traded as low as $43.51 and last traded at $43.53, with a volume of 603,927 shares traded. The stock had previously closed at $43.86.
A number of research firms have issued reports on CMS. BMO Capital Markets reissued a “buy” rating on shares of CMS Energy Corp. in a research report on Friday, July 29th. SunTrust Banks Inc. reiterated a “neutral” rating on shares of CMS Energy Corp. in a research report on Tuesday, August 2nd. Howard Weil began coverage on CMS Energy Corp. in a research report on Friday, July 15th. They issued a “sector perform” rating and a $46.00 price target for the company. KeyCorp reiterated an “outperform” rating and issued a $47.00 price target (up from $45.00) on shares of CMS Energy Corp. in a research report on Saturday, July 2nd. Finally, Zacks Investment Research upgraded CMS Energy Corp. from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Thursday, July 14th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $43.75.
The firm has a market capitalization of $12.00 billion and a price-to-earnings ratio of 22.05. The company has a 50-day moving average of $44.82 and a 200-day moving average of $42.11.
CMS Energy Corp. (NYSE:CMS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.49 billion. CMS Energy Corp.’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. On average, equities analysts predict that CMS Energy Corp. will post $2.02 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Friday, August 5th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, August 3rd. This represents a $1.24 annualized dividend and a dividend yield of 2.88%.
In other news, SVP Catherine M. Reynolds sold 11,032 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $43.59, for a total transaction of $480,884.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel J. Malone sold 3,639 shares of the stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $40.95, for a total value of $149,017.05. Following the transaction, the senior vice president now directly owns 149,331 shares in the company, valued at $6,115,104.45. The disclosure for this sale can be found here.
Several institutional investors have recently added to or reduced their stakes in CMS. Wells Fargo & Company MN boosted its position in CMS Energy Corp. by 17.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,087,036 shares of the company’s stock valued at $39,221,000 after buying an additional 159,802 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in CMS Energy Corp. by 48.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 52,486 shares of the company’s stock valued at $1,894,000 after buying an additional 17,204 shares during the last quarter. Morgan Stanley boosted its position in CMS Energy Corp. by 27.4% in the fourth quarter. Morgan Stanley now owns 513,757 shares of the company’s stock valued at $18,536,000 after buying an additional 110,405 shares during the last quarter. American International Group Inc. boosted its position 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 valued at $6,120,000 after buying an additional 1,712 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in CMS Energy Corp. by 24.9% in the fourth quarter. Victory Capital Management Inc. now owns 74,218 shares of the company’s stock valued at $2,678,000 after buying an additional 14,792 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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