CMS Energy Corporation (NYSE:CMS) shares traded -0.90% lower at $51.81 on Wall Street last session.
In accordance with the data, 18 analysts cover CMS Energy Corporation (NYSE:CMS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $72.00 and a low of $57.00, we find $64.00. Given the previous closing price of $52.28, this indicates a potential upside of 22.42 percent. CMS stock price is now -8.56% away from the 50-day moving average and -13.54% away from the 200-day moving average. The market capitalization of the company currently stands at $15.11B.
It has been rated a hold by 8 analysts and a buy by 10. Brokers who have rated the stock have averaged $63.73 as their price target over the next twelve months.
With the price target maintained at $57, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for CMS Energy Corporation (NYSE: CMS).
In other news, Hofmeister Brandon J., Senior Vice President sold 1,667 shares of the company’s stock on Sep 13. The stock was sold for $93,808 at an average price of $56.27. Upon completion of the transaction, the Senior Vice President now directly owns 61,765 shares in the company, valued at $3.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15, Director BARFIELD JON E sold 2,345 shares of the business’s stock. A total of $131,461 was realized by selling the stock at an average price of $56.06. This leaves the insider owning 13,982 shares of the company worth $0.72 million. Insiders disposed of 78,516 shares of company stock worth roughly $4.07 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CMS stock. A new stake in CMS Energy Corporation shares was purchased by UNISUPER MANAGEMENT PTY LTD during the first quarter worth $61,361,000. GREENLAND CAPITAL MANAGEMENT LP invested $14,013,000 in shares of CMS during the first quarter. In the first quarter, AMF TJANSTEPENSION AB acquired a new stake in CMS Energy Corporation valued at approximately $9,372,000. IA GLOBAL ASSET MANAGEMENT INC. acquired a new stake in CMS for approximately $7,752,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in CMS valued at around $3,149,000 in the second quarter. In total, there are 909 active investors with 98.18% ownership of the company’s stock.
CMS Energy Corporation (NYSE: CMS) opened at $52.64 on Thursday. During the past 12 months, CMS Energy Corporation has had a low of $49.87 and a high of $65.72. As of last week, the company has a debt-to-equity ratio of 2.12, a current ratio of 0.95, and a quick ratio of 0.63. According to the stock market information, the enterprise value for the company is $30.21B, which is based on a 20.71 price-to-earnings ratio, a 3.53 price-to-earnings-growth ratio, and a beta of 0.40. The fifty day moving average price for CMS is $56.43 and a two-hundred day moving average price translates $59.87 for the stock.
The latest earnings results from CMS Energy Corporation (NYSE: CMS) was released for Jun, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.75, beating analysts’ expectations of $0.7 by 0.05. This compares to $0.50 EPS in the same period last year. The net profit margin was 8.94% and return on equity was 10.51% for CMS. The company reported revenue of $1.55 billion for the quarter, compared to $1.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.01 percent. For the current quarter, analysts expect CMS to generate $2.14B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/31/2023. Investors who held shares on 08/04/2023 were paid a $0.4875 dividend. On an annualized basis, this represents a $1.96 dividend and a 3.78% percent yield. There was an ex-dividend date of 08/03/2023 for this dividend. In terms of dividend payout ratio, CMS is presently at 64.52%.
CMS Energy Corporation(CMS) 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. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.
