Media stories about CMS Energy Corporation (NYSE:CMS) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CMS Energy Corporation earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 46.0274065327956 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- CMS Energy Corporation (NYSE:CMS) PT Set at $49.00 by Morgan Stanley (americanbankingnews.com)
- CMS Energy Corporation (CMS) Stake Reduced by US Bancorp DE (footballhebdo.com)
- Financial Comparison: CMS Energy Corporation (CMS) & Avangrid (AGR) (americanbankingnews.com)
- Consumers Energy : Names LeeRoy Wells Jr. as Vice President of Operations Support (4-traders.com)
- 2 Stocks You Can’t Afford to Pass Up: CMS Energy Corporation (CMS), Costco Wholesale Corporation (COST) – AllStockNews (allstocknews.com)
A number of equities research analysts have recently commented on the company. Morgan Stanley set a $49.00 price target on CMS Energy Corporation and gave the stock a “hold” rating in a research report on Thursday. BMO Capital Markets reaffirmed a “buy” rating and set a $48.00 price target on shares of CMS Energy Corporation in a research report on Monday, July 31st. Credit Suisse Group raised CMS Energy Corporation from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $46.00 to $50.00 in a research report on Monday, July 24th. BidaskClub lowered CMS Energy Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $49.00 price target (up previously from $44.00) on shares of CMS Energy Corporation in a research report on Sunday, April 23rd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $47.75.
Shares of CMS Energy Corporation (NYSE:CMS) traded up 0.21% during midday trading on Thursday, reaching $47.48. The company had a trading volume of 1,363,099 shares. CMS Energy Corporation has a 12-month low of $38.78 and a 12-month high of $48.37. The stock has a market capitalization of $13.37 billion, a PE ratio of 23.98 and a beta of 0.16. The stock’s 50 day moving average is $46.51 and its 200-day moving average is $45.37.
CMS Energy Corporation (NYSE:CMS) last posted its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.08. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts predict that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 4th will be paid a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, August 2nd. CMS Energy Corporation’s dividend payout ratio (DPR) is currently 66.83%.
In related news, Vice Chairman Thomas J. Webb sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $47.23, for a total transaction of $2,361,500.00. Following the transaction, the insider now directly owns 187,773 shares of the company’s stock, valued at approximately $8,868,518.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jon E. Barfield sold 6,336 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total value of $296,588.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,336 shares of company stock worth $3,223,288. 0.65% of the stock is owned by company insiders.
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CMS Energy Corporation Company Profile
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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