Somewhat Positive Media Coverage Somewhat Unlikely to Impact CMS Energy Corporation (CMS) Share Price
Media headlines about CMS Energy Corporation (NYSE:CMS) have been trending somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CMS Energy Corporation earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.9046374984712 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Hybrid Microgrids: Towards sustainable and affordable energy access-for-all in Southeast Asia (environmentguru.com)
- CMS Energy Corporation (CMS) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- Consumers Energy Foundation Commits $200,000 to Habitat for Humanity of Michigan, Supporting Affordable Housing (finance.yahoo.com)
- How much should pay for $1 Earnings? On CMS Energy Corporation (CMS) – Street Observer (press release) (streetobserver.com)
- CMS Energy’s (CMS) Subsidiary Buys 24 MW Delta Solar Project – Nasdaq (nasdaq.com)
Several research analysts recently commented on the stock. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $47.00 price objective on shares of CMS Energy Corporation in a report on Wednesday, October 4th. Royal Bank Of Canada restated a “hold” rating and set a $46.00 price objective on shares of CMS Energy Corporation in a research report on Monday, September 11th. Morgan Stanley raised their price objective on shares of CMS Energy Corporation from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Guggenheim assumed coverage on shares of CMS Energy Corporation in a research report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price objective on the stock. Finally, KeyCorp restated a “buy” rating and set a $51.00 price objective on shares of CMS Energy Corporation in a research report on Friday, September 1st. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $48.56.
Shares of CMS Energy Corporation (NYSE CMS) opened at 47.00 on Wednesday. The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of 23.74 and a beta of 0.16. The company’s 50-day moving average is $47.56 and its 200 day moving average is $46.63. CMS Energy Corporation has a 12 month low of $38.78 and a 12 month high of $49.11.
CMS Energy Corporation (NYSE:CMS) last posted its earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.08). The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.36 billion. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. CMS Energy Corporation’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.45 earnings per share. On average, equities research analysts anticipate that CMS Energy Corporation will post $2.17 earnings per share for the current year.
In other CMS Energy Corporation news, SVP Brian F. Rich sold 3,500 shares of CMS Energy Corporation stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $48.26, for a total transaction of $168,910.00. Following the sale, the senior vice president now owns 44,835 shares of the company’s stock, valued at approximately $2,163,737.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jon E. Barfield sold 6,336 shares of CMS Energy Corporation stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total transaction of $296,588.16. The disclosure for this sale can be found here. Insiders sold a total of 11,836 shares of company stock worth $561,118 in the last three months. 0.65% of the stock is owned by corporate insiders.
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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.
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