Jefferies Financial Group Begins Coverage on CMS Energy (NYSE:CMS)

Jefferies Financial Group initiated coverage on shares of CMS Energy (NYSE:CMSFree Report) in a research note published on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $76.00 target price on the utilities provider’s stock.

CMS has been the topic of several other reports. BMO Capital Markets decreased their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Barclays boosted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Bank of America raised their target price on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. Finally, StockNews.com lowered CMS Energy from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $70.29.

Read Our Latest Research Report on CMS

CMS Energy Stock Up 1.3 %

NYSE CMS opened at $67.23 on Tuesday. The company has a market cap of $20.09 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.72 and a beta of 0.41. CMS Energy has a 1-year low of $54.70 and a 1-year high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The company has a 50 day moving average of $69.82 and a 200-day moving average of $64.94.

CMS Energy (NYSE:CMSGet Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company posted $0.61 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that CMS Energy will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

Hedge Funds Weigh In On CMS Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of CMS Energy by 14.0% in the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after purchasing an additional 2,786,071 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of CMS Energy by 101.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after buying an additional 3,473,977 shares during the last quarter. iA Global Asset Management Inc. grew its position in shares of CMS Energy by 105.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock valued at $92,623,000 after buying an additional 800,344 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of CMS Energy by 46.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,332,892 shares of the utilities provider’s stock valued at $79,275,000 after buying an additional 421,059 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of CMS Energy by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock worth $76,292,000 after acquiring an additional 233,633 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for CMS Energy (NYSE:CMS)

Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.