The CMS Energy (CMS) Getting Favorable News Coverage, AlphaOne Reports

The CMS Energy (CMS) Getting Favorable News Coverage, AlphaOne Reports

These are some of the news articles that may have impacted Alpha One Sentiment Analysis’s scoring:

News stories about CMS Energy (NYSE:CMS) have trended positive recently, AlphaOne Sentiment Analysis reports. The research group, a division of Accern, rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CMS Energy earned a coverage optimism score of 0.28 on AlphaOne’s scale. AlphaOne also gave news articles about the utilities provider an impact score of 78 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the next few days.

Several research firms have recently weighed in on CMS. BMO Capital Markets reaffirmed a “buy” rating and set a $48.00 price objective on shares of CMS Energy in a research report on Tuesday, May 2nd. Barclays PLC reaffirmed an “equal weight” rating and set a $49.00 price objective (up from $44.00) on shares of CMS Energy in a research report on Sunday, April 23rd. Deutsche Bank AG upped their price objective on CMS Energy from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, April 11th. Zacks Investment Research lowered CMS Energy from a “buy” rating to a “hold” rating in a report on Wednesday, March 8th. Finally, Evercore ISI upgraded CMS Energy to an “outperform” rating in a report on Monday, March 6th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $46.60. Shares of CMS Energy (CMS) opened at 47.79 on Monday. CMS Energy has a 1-year low of $38.78 and a 1-year high of $47.95. The company has a market cap of $13.38 billion, a price-to-earnings ratio of 22.75 and a beta of 0.08. The firm has a 50-day moving average price of $45.87 and a 200 day moving average price of $43.49.

CMS Energy (NYSE:CMS) last issued its earnings results on Monday, May 1st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.06. CMS Energy had a net margin of 8.61% and a return on equity of 13.31%. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the company posted $0.59 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that CMS Energy will post $2.17 EPS for the current fiscal year. The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Friday, May 5th were given a $0.3325 dividend. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $1.33 annualized dividend and a yield of 2.78%. CMS Energy’s payout ratio is presently 66.83%.

In other CMS Energy news, insider Dhenuvakonda Rao Venkat sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $45.50, for a total value of $91,000.00. Following the transaction, the insider now directly owns 30,022 shares in the company, valued at $1,366,001. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel J. Malone sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $47.42, for a total transaction of $474,200.00. Following the completion of the transaction, the insider now owns 148,622 shares in the company, valued at $7,047,655.24. The disclosure for this sale can be found here. Insiders sold 88,246 shares of company stock worth $4,114,711 over the last quarter. Insiders own 0.93% of the company’s stock. CMS Energy 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CMS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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