CMS Energy (NYSE:CMS) Reaches New 52-Week High at $64.83

Shares of CMS Energy Co. (NYSE:CMS) reached a new 52-week high on Tuesday . The company traded as high as $64.83 and last traded at $64.12, with a volume of 45043 shares trading hands. The stock had previously closed at $63.19.

CMS has been the topic of a number of analyst reports. Morgan Stanley increased their price target on CMS Energy from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Wells Fargo & Co increased their price target on CMS Energy from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Monday, August 26th. KeyCorp initiated coverage on CMS Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Argus set a $66.00 price target on CMS Energy and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, UBS Group increased their price target on CMS Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $59.92.

The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 2.32. The firm has a market cap of $17.91 billion, a P/E ratio of 27.37, a PEG ratio of 3.95 and a beta of 0.10. The business has a fifty day moving average of $61.71 and a 200 day moving average of $57.84.



CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.11). CMS Energy had a return on equity of 12.13% and a net margin of 8.41%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm earned $0.48 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Research analysts expect that CMS Energy Co. will post 2.49 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were paid a dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Thursday, August 1st. CMS Energy’s payout ratio is 65.67%.

In other CMS Energy news, Director John G. Russell sold 5,600 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $57.46, for a total transaction of $321,776.00. Following the completion of the transaction, the director now directly owns 296,311 shares of the company’s stock, valued at approximately $17,026,030.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John G. Russell sold 33,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $60.04, for a total transaction of $2,011,340.00. Following the transaction, the director now directly owns 257,211 shares of the company’s stock, valued at $15,442,948.44. The disclosure for this sale can be found here. Insiders have sold a total of 88,300 shares of company stock worth $5,395,338 in the last ninety days. Insiders own 0.52% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CMS. Advisors Preferred LLC acquired a new stake in CMS Energy in the second quarter valued at $25,000. Krane Funds Advisors LLC purchased a new stake in CMS Energy during the second quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in shares of CMS Energy in the second quarter worth about $26,000. Advisory Services Network LLC bought a new position in shares of CMS Energy in the second quarter worth about $43,000. Finally, CSat Investment Advisory L.P. increased its holdings in shares of CMS Energy by 114.4% during the 2nd quarter. CSat Investment Advisory L.P. now owns 731 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 390 shares in the last quarter. 92.56% of the stock is owned by institutional investors.

CMS Energy Company Profile (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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