CMS Energy (CMS) Earns Daily News Impact Score of 0.16
News headlines about CMS Energy (NYSE:CMS) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CMS Energy earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 47.0867383952607 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- 5 Things Companies Can Do to Grow in a Water-Stressed World (newsdeeply.com)
- UAE- Emirates CMS Power Company’s Taweelah A2 plant to be fully managed and operated by Emiratis for one month (menafn.com)
- Final hearing in Cairn Energy tax issue in August (timesofindia.indiatimes.com)
- Emiratis to operate Taweelah A2 plant for a month (tradearabia.com)
- Macron announces extra €700m for green energy, hails ‘solar mamas’ (timesofindia.indiatimes.com)
Several equities analysts have issued reports on the company. Morgan Stanley cut their target price on CMS Energy from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 8th. SunTrust Banks reiterated a “hold” rating and issued a $45.00 target price on shares of CMS Energy in a research note on Monday, January 29th. Zacks Investment Research upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Wells Fargo & Co cut their target price on CMS Energy from $55.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Finally, UBS Group initiated coverage on CMS Energy in a research note on Friday, February 2nd. They set a “neutral” rating and a $49.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $48.29.
CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Wednesday, February 14th. The utilities provider reported $0.51 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.51. CMS Energy had a return on equity of 13.60% and a net margin of 6.99%. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. equities analysts expect that CMS Energy will post 2.33 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th were paid a dividend of $0.3575 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, February 15th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 3.30%. CMS Energy’s payout ratio is presently 87.20%.
In other news, SVP Catherine M. Reynolds sold 8,310 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.40, for a total transaction of $360,654.00. Following the sale, the senior vice president now owns 126,810 shares in the company, valued at $5,503,554. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is currently owned by insiders.
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About CMS Energy
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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