CMS Energy (NYSE:CMS) PT Raised to $64.00

CMS Energy (NYSE:CMS) had its price objective raised by stock analysts at BMO Capital Markets from $63.00 to $64.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 9.44% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Royal Bank of Canada dropped their price objective on CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, March 4th. JPMorgan Chase & Co. lifted their price target on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Barclays lowered their price objective on shares of CMS Energy from $58.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Monday. UBS Group lowered CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research note on Thursday, April 4th. Finally, Guggenheim upgraded CMS Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $60.00 to $64.00 in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.64.

CMS Energy Trading Up 0.4 %

NYSE CMS opened at $58.48 on Wednesday. The firm’s fifty day moving average is $58.37 and its two-hundred day moving average is $57.10. CMS Energy has a one year low of $49.87 and a one year high of $63.76. The firm has a market cap of $17.46 billion, a PE ratio of 19.43, a P/E/G ratio of 2.21 and a beta of 0.38. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 0.98.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, February 1st. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. CMS Energy had a return on equity of 12.09% and a net margin of 11.89%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the company earned $0.60 earnings per share. CMS Energy’s quarterly revenue was down 14.4% compared to the same quarter last year. Analysts expect that CMS Energy will post 3.33 earnings per share for the current year.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of CMS Energy stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares in the company, valued at approximately $3,985,144.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On CMS Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its position in CMS Energy by 68.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock worth $3,721,000 after purchasing an additional 26,034 shares during the period. Epoch Investment Partners Inc. lifted its stake in shares of CMS Energy by 49.9% during the third quarter. Epoch Investment Partners Inc. now owns 302,221 shares of the utilities provider’s stock worth $16,051,000 after purchasing an additional 100,618 shares in the last quarter. New England Asset Management Inc. boosted its position in shares of CMS Energy by 38.8% in the third quarter. New England Asset Management Inc. now owns 132,950 shares of the utilities provider’s stock worth $7,061,000 after buying an additional 37,147 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of CMS Energy in the fourth quarter valued at about $4,390,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of CMS Energy during the 3rd quarter valued at about $4,209,000. 93.57% of the stock is owned by institutional investors and hedge funds.

About CMS Energy

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.