CMS Energy (CMS) Given Hold Rating at SunTrust Banks
CMS has been the topic of several other reports. Zacks Investment Research cut shares of CMS Energy from a hold rating to a sell rating in a report on Friday, October 13th. KeyCorp reaffirmed a buy rating and issued a $51.00 price target on shares of CMS Energy in a report on Friday, September 1st. Guggenheim started coverage on shares of CMS Energy in a report on Tuesday, September 5th. They issued a neutral rating and a $48.00 price target on the stock. Bank of America started coverage on shares of CMS Energy in a report on Tuesday, October 24th. They set a buy rating and a $52.00 target price on the stock. Finally, Morgan Stanley reissued an equal weight rating and set a $52.00 target price on shares of CMS Energy in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. CMS Energy currently has an average rating of Buy and a consensus price target of $49.05.
Shares of CMS Energy (CMS) opened at $47.30 on Tuesday. The stock has a market cap of $13,364.58, a price-to-earnings ratio of 24.30, a P/E/G ratio of 3.38 and a beta of 0.19. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. CMS Energy has a twelve month low of $41.12 and a twelve month high of $50.85.
CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.07. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.60 billion. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. equities analysts predict that CMS Energy will post 2.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 3rd were issued a dividend of $0.3325 per share. The ex-dividend date was Thursday, November 2nd. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.81%. CMS Energy’s dividend payout ratio (DPR) is 68.91%.
In other news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total transaction of $48,020.00. Following the completion of the transaction, the insider now owns 28,176 shares in the company, valued at $1,353,011.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David G. Mengebier sold 2,500 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $49.48, for a total transaction of $123,700.00. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Clarius Group LLC grew its position in shares of CMS Energy by 0.6% during the second quarter. Clarius Group LLC now owns 5,320 shares of the utilities provider’s stock worth $247,000 after acquiring an additional 34 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of CMS Energy by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,836 shares of the utilities provider’s stock worth $964,000 after acquiring an additional 73 shares during the last quarter. Chemical Bank grew its position in shares of CMS Energy by 1.0% during the second quarter. Chemical Bank now owns 8,450 shares of the utilities provider’s stock worth $391,000 after acquiring an additional 85 shares during the last quarter. ETRADE Capital Management LLC grew its position in shares of CMS Energy by 0.4% during the second quarter. ETRADE Capital Management LLC now owns 25,141 shares of the utilities provider’s stock worth $1,163,000 after acquiring an additional 88 shares during the last quarter. Finally, Sentry Investment Management LLC grew its position in shares of CMS Energy by 0.9% during the second quarter. Sentry Investment Management LLC now owns 21,980 shares of the utilities provider’s stock worth $1,017,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 87.15% of the company’s stock.
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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