CMS Energy (NYSE:CMS) Stock Price Up 0%

CMS Energy Co. (NYSE:CMS)’s share price rose 0% on Monday . The stock traded as high as $65.54 and last traded at $65.42. Approximately 168,669 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 2,362,369 shares. The stock had previously closed at $65.40.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Scotiabank dropped their price target on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. KeyCorp raised their price target on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Barclays boosted their price objective on shares of CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Guggenheim upped their price target on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

CMS Energy Trading Up 0.6 %

The company has a market capitalization of $19.65 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.64 and a beta of 0.38. 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 company’s fifty day simple moving average is $61.35 and its two-hundred day simple moving average is $60.01.

CMS Energy (NYSE:CMS) last announced 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 the consensus estimate of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. Research analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $2.04 annualized dividend and a yield of 3.10%. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Insiders Place Their Bets

In other news, Director Jon E. Barfield sold 2,360 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the sale, the director now owns 14,556 shares in the company, valued at $884,859.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction on Friday, June 7th. The stock was sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the sale, the director now owns 14,556 shares of the company’s stock, valued at $884,859.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the transaction, the senior vice president now owns 68,330 shares in the company, valued at $4,098,433.40. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in CMS Energy by 14.0% during the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after buying an additional 2,786,071 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in CMS Energy by 101.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock worth $410,223,000 after purchasing an additional 3,473,977 shares during the last quarter. Capital International Investors boosted its stake in shares of CMS Energy by 24.8% in the 4th quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock valued at $360,537,000 after purchasing an additional 1,234,791 shares during the last quarter. Capital Research Global Investors lifted its holdings in CMS Energy by 1.2% in the fourth quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock valued at $324,817,000 after buying an additional 65,966 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of CMS Energy by 320.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock worth $250,026,000 after acquiring an additional 3,282,697 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Company Profile

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.