CMS Energy Co. (NYSE:CMS – Get Free Report) shot up 0.1% on Wednesday after Scotiabank raised their price target on the stock from $66.00 to $75.00. Scotiabank currently has a sector outperform rating on the stock. CMS Energy traded as high as $66.90 and last traded at $66.78. 76,199 shares changed hands during trading, a decline of 97% from the average session volume of 2,331,149 shares. The stock had previously closed at $66.73.
CMS has been the topic of a number of other research reports. Morgan Stanley dropped their price target on shares of CMS Energy from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Guggenheim increased their target price on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. KeyCorp upped their target price on shares of CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Finally, Barclays increased their target price on shares of CMS Energy from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.36.
View Our Latest Research Report on CMS Energy
Insider Activity at CMS Energy
Institutional Trading of CMS Energy
Institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp raised its position in shares of CMS Energy by 0.6% in the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock worth $1,511,000 after acquiring an additional 157 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of CMS Energy by 30.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock worth $46,000 after buying an additional 185 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of CMS Energy by 0.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 20,607 shares of the utilities provider’s stock valued at $1,228,000 after acquiring an additional 192 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of CMS Energy by 9.6% in the 2nd quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock valued at $139,000 after buying an additional 205 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of CMS Energy by 6.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 3,767 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 236 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.
CMS Energy Price Performance
The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The business’s 50-day moving average is $62.02 and its two-hundred day moving average is $60.45. The company has a market capitalization of $19.94 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.64 and a beta of 0.38.
CMS Energy (NYSE:CMS – Get Free Report) last posted its earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. As a group, analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.
CMS Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Friday, August 2nd. CMS Energy’s payout ratio is currently 62.80%.
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.
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