CMS Energy Co. (NYSE:CMS)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $62.09 and last traded at $62.09, with a volume of 778130 shares trading hands. The stock had previously closed at $61.46.

A number of research analysts have issued reports on the stock. Argus set a $66.00 price target on shares of CMS Energy and gave the company a “buy” rating in a research note on Monday, August 12th. Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating and set a $62.00 price objective on the stock in a report on Tuesday, July 23rd. Barclays reissued a “hold” rating and issued a $61.00 price target on shares of CMS Energy in a research note on Thursday, June 20th. KeyCorp began coverage on shares of CMS Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Finally, Morgan Stanley reduced their target price on shares of CMS Energy from $60.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. CMS Energy currently has a consensus rating of “Hold” and an average price target of $57.33.

The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 2.32. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 3.83 and a beta of 0.15. The business’s fifty day moving average is $59.25 and its two-hundred day moving average is $56.36.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.11). CMS Energy had a return on equity of 12.13% and a net margin of 8.41%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts expect that CMS Energy Co. will post 2.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be paid a $0.3825 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.53 dividend on an annualized basis and a yield of 2.47%. CMS Energy’s dividend payout ratio is currently 65.67%.

In related news, insider Catherine A. Hendrian sold 1,753 shares of CMS Energy stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $56.96, for a total value of $99,850.88. Following the completion of the transaction, the insider now owns 37,567 shares in the company, valued at $2,139,816.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian F. Rich sold 4,000 shares of CMS Energy stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $59.70, for a total transaction of $238,800.00. The disclosure for this sale can be found here. Insiders sold 50,453 shares of company stock valued at $2,995,335 in the last quarter. 0.52% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Stevens Capital Management LP purchased a new stake in shares of CMS Energy during the 1st quarter worth approximately $4,603,000. Exchange Capital Management Inc. lifted its position in shares of CMS Energy by 5.8% during the 2nd quarter. Exchange Capital Management Inc. now owns 73,409 shares of the utilities provider’s stock worth $4,251,000 after buying an additional 4,014 shares during the last quarter. Wetherby Asset Management Inc. purchased a new stake in shares of CMS Energy during the 1st quarter worth approximately $223,000. Sigma Planning Corp lifted its position in shares of CMS Energy by 1.5% during the 1st quarter. Sigma Planning Corp now owns 13,465 shares of the utilities provider’s stock worth $748,000 after buying an additional 197 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of CMS Energy by 17.6% during the 1st quarter. Toronto Dominion Bank now owns 184,178 shares of the utilities provider’s stock worth $10,227,000 after buying an additional 27,601 shares during the last quarter. Institutional investors own 91.90% of the company’s stock.

About CMS Energy (NYSE:CMS)

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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