CMS Energy (NYSE:CMS) Reaches New 52-Week High – Should You Buy?

by · The Cerbat Gem

CMS Energy Co. (NYSE:CMS – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $71.57 and last traded at $71.43, with a volume of 111952 shares traded. The stock had previously closed at $71.03.

Wall Street Analysts Forecast Growth

CMS has been the topic of several recent research reports. Scotiabank raised their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Guggenheim upped their price objective on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Evercore ISI upgraded CMS Energy to a “hold” rating in a report on Friday, July 26th. Finally, Bank of America boosted their price target on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and an average price target of $69.85.

Get Our Latest Stock Report on CMS Energy

CMS Energy Trading Up 1.3 %

The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. The company has a market capitalization of $21.48 billion, a P/E ratio of 21.66, a P/E/G ratio of 2.77 and a beta of 0.41. The company has a 50-day simple moving average of $69.20 and a 200 day simple moving average of $64.02.

CMS Energy (NYSE:CMS – Get Free Report) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. Sell-side analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Wednesday, November 13th. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Hedge Funds Weigh In On CMS Energy

Several large investors have recently added to or reduced their stakes in CMS. Mackenzie Financial Corp increased its position in shares of CMS Energy by 0.6% during the second quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after purchasing an additional 157 shares during the period. Continuum Advisory LLC boosted its stake in CMS Energy by 9.6% during the second quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock worth $139,000 after buying an additional 205 shares in the last quarter. Tobam increased its holdings in CMS Energy by 31.7% in the 3rd quarter. Tobam now owns 868 shares of the utilities provider’s stock valued at $61,000 after buying an additional 209 shares during the period. Vontobel Holding Ltd. raised its stake in shares of CMS Energy by 5.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider’s stock valued at $301,000 after buying an additional 215 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of CMS Energy by 6.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,767 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 236 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

About CMS Energy

(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.

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