CMS Energy (CMS) Reaches New 12-Month High at $56.84

CMS Energy Co. (NYSE:CMS) shares hit a new 52-week high on Monday . The company traded as high as $56.84 and last traded at $56.79, with a volume of 31965 shares trading hands. The stock had previously closed at $56.46.

CMS has been the topic of several analyst reports. Morgan Stanley lifted their price target on CMS Energy from $56.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday. Zacks Investment Research lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Bank of America upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Thursday, April 11th. SunTrust Banks restated a “hold” rating and issued a $56.00 price objective on shares of CMS Energy in a report on Monday, February 25th. Finally, Credit Suisse Group set a $58.00 price objective on shares of CMS Energy and gave the company a “buy” rating in a report on Monday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. CMS Energy currently has a consensus rating of “Buy” and an average target price of $55.31.

The firm has a market cap of $16.02 billion, a PE ratio of 24.44, a PEG ratio of 3.55 and a beta of 0.18. The company has a current ratio of 1.13, a quick ratio of 0.92 and a debt-to-equity ratio of 2.29.



CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.96 billion. CMS Energy had a net margin of 9.01% and a return on equity of 13.16%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. As a group, analysts forecast that CMS Energy Co. will post 2.5 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be given a $0.3825 dividend. This represents a $1.53 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, May 2nd. CMS Energy’s dividend payout ratio is currently 65.67%.

In other CMS Energy news, SVP Catherine M. Reynolds sold 6,203 shares of CMS Energy stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $54.63, for a total value of $338,869.89. Following the completion of the transaction, the senior vice president now directly owns 121,211 shares of the company’s stock, valued at approximately $6,621,756.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John G. Russell sold 16,800 shares of CMS Energy stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $55.35, for a total value of $929,880.00. Following the completion of the transaction, the director now directly owns 299,196 shares of the company’s stock, valued at $16,560,498.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,503 shares of company stock valued at $1,735,825. 0.52% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Reilly Financial Advisors LLC acquired a new position in CMS Energy in the 4th quarter valued at about $25,000. Clean Yield Group acquired a new position in shares of CMS Energy during the fourth quarter worth about $27,000. Oregon Public Employees Retirement Fund grew its position in shares of CMS Energy by 4,803.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,513,878 shares of the utilities provider’s stock worth $30,000 after buying an additional 1,483,006 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new position in shares of CMS Energy during the fourth quarter worth about $30,000. Finally, Coastal Investment Advisors Inc. acquired a new position in shares of CMS Energy during the first quarter worth about $37,000. 92.85% of the stock is owned by institutional investors.

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About CMS Energy (NYSE:CMS)

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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