CMS Energy (NYSE:CMS) had its target price decreased by Morgan Stanley from $46.00 to $45.00 in a research report report published on Thursday. Morgan Stanley currently has an equal weight rating on the utilities provider’s stock.
Several other analysts have also recently weighed in on CMS. KeyCorp reaffirmed a buy rating and issued a $51.50 target price on shares of CMS Energy in a report on Friday, December 15th. Wells Fargo & Co upgraded shares of CMS Energy from a market perform rating to an outperform rating in a research note on Monday, December 18th. Zacks Investment Research lowered shares of CMS Energy from a hold rating to a sell rating in a research note on Tuesday, December 26th. SunTrust Banks reiterated a hold rating and issued a $46.00 price target on shares of CMS Energy in a research note on Tuesday, December 26th. Finally, Guggenheim reiterated a hold rating and issued a $50.00 price target on shares of CMS Energy in a research note on Wednesday, January 3rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. CMS Energy has an average rating of Buy and an average price target of $48.29.
Shares of CMS Energy (NYSE:CMS) opened at $42.86 on Thursday. The firm has a market cap of $12,104.54, a P/E ratio of 19.75, a P/E/G ratio of 2.91 and a beta of 0.14. CMS Energy has a 1-year low of $40.48 and a 1-year high of $50.85. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 2.06.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th were paid a $0.3575 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.33. This represents a $1.43 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Thursday, February 15th. CMS Energy’s dividend payout ratio is currently 87.20%.
In other news, SVP Catherine M. Reynolds sold 8,310 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.40, for a total transaction of $360,654.00. Following the transaction, the senior vice president now directly owns 126,810 shares in the company, valued at $5,503,554. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.65% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CMS. Zions Bancorporation grew its position in shares of CMS Energy by 8,255.2% during the third quarter. Zions Bancorporation now owns 2,423 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 2,394 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of CMS Energy during the fourth quarter worth approximately $122,000. Tower Research Capital LLC TRC grew its position in shares of CMS Energy by 271.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock worth $129,000 after acquiring an additional 1,998 shares during the last quarter. IBM Retirement Fund purchased a new position in shares of CMS Energy during the third quarter worth approximately $205,000. Finally, Mackenzie Financial Corp purchased a new position in shares of CMS Energy during the fourth quarter worth approximately $213,000. Institutional investors and hedge funds own 88.32% of the company’s stock.
About CMS Energy
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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