CMS Energy (NYSE:CMS) PT Lowered to $57.00

CMS Energy (NYSE:CMS) had its target price trimmed by Barclays from $58.00 to $57.00 in a report published on Monday, Benzinga reports. The brokerage currently has an equal weight rating on the utilities provider’s stock.

Other analysts have also issued research reports about the stock. Guggenheim upgraded shares of CMS Energy from a neutral rating to a buy rating and boosted their target price for the company from $60.00 to $64.00 in a research note on Friday, February 2nd. BMO Capital Markets decreased their target price on shares of CMS Energy from $65.00 to $63.00 and set an outperform rating for the company in a research report on Monday, March 4th. JPMorgan Chase & Co. increased their target price on shares of CMS Energy from $65.00 to $66.00 and gave the company an overweight rating in a research report on Wednesday, March 13th. Wolfe Research upgraded shares of CMS Energy from a peer perform rating to an outperform rating and set a $62.00 target price for the company in a research report on Tuesday, January 16th. Finally, Seaport Res Ptn lowered shares of CMS Energy from a buy rating to a neutral rating in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $62.64.

CMS Energy Trading Up 0.4 %

CMS opened at $58.48 on Monday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.98 and a quick ratio of 0.66. CMS Energy has a 12-month low of $49.87 and a 12-month high of $63.76. The firm’s fifty day moving average price is $58.37 and its 200 day moving average price is $57.10. The stock has a market capitalization of $17.46 billion, a PE ratio of 19.43, a P/E/G ratio of 2.21 and a beta of 0.38.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was down 14.4% compared to the same quarter last year. As a group, research analysts expect that CMS Energy will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Monday, February 12th were issued a $0.515 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.52%. CMS Energy’s dividend payout ratio is currently 68.44%.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares in the company, valued at $3,985,144.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CMS Energy

Hedge funds have recently added to or reduced their stakes in the company. Headinvest LLC acquired a new position in CMS Energy during the third quarter valued at approximately $26,000. Covington Capital Management acquired a new position in CMS Energy during the third quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new position in CMS Energy during the fourth quarter valued at approximately $29,000. American National Bank grew its holdings in CMS Energy by 1,213.6% during the third quarter. American National Bank now owns 578 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 534 shares during the last quarter. Finally, Clear Street Markets LLC grew its holdings in CMS Energy by 94.9% during the first quarter. Clear Street Markets LLC now owns 573 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 279 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

About CMS Energy

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.