CMS Energy (NYSE:CMS) PT Raised to $59.00

CMS Energy (NYSE:CMS) had its price target boosted by Barclays from $57.00 to $59.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s target price would indicate a potential downside of 3.02% from the company’s current price.

A number of other brokerages also recently issued reports on CMS. Wolfe Research raised CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 target price for the company in a research note on Tuesday, January 16th. Royal Bank of Canada cut their price objective on CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, March 4th. BMO Capital Markets raised their price objective on CMS Energy from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. UBS Group downgraded CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research report on Thursday, April 4th. Finally, KeyCorp raised their price objective on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.50.

CMS Energy Stock Up 0.4 %

Shares of CMS opened at $60.84 on Tuesday. CMS Energy has a 52-week low of $49.87 and a 52-week high of $63.76. The company has a market capitalization of $18.17 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 2.45 and a beta of 0.38. The stock has a fifty day simple moving average of $58.95 and a two-hundred day simple moving average of $57.59. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the company earned $0.70 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities analysts forecast that CMS Energy will post 3.33 EPS for the current year.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of CMS Energy stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the completion of 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 Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CMS Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. boosted its stake in shares of CMS Energy by 68.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock valued at $3,721,000 after buying an additional 26,034 shares during the period. Epoch Investment Partners Inc. boosted its stake in shares of CMS Energy by 49.9% in the 3rd quarter. Epoch Investment Partners Inc. now owns 302,221 shares of the utilities provider’s stock valued at $16,051,000 after buying an additional 100,618 shares during the period. New England Asset Management Inc. lifted its stake in CMS Energy by 38.8% during the third quarter. New England Asset Management Inc. now owns 132,950 shares of the utilities provider’s stock worth $7,061,000 after purchasing an additional 37,147 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in CMS Energy by 3.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 203,564 shares of the utilities provider’s stock worth $11,821,000 after purchasing an additional 7,188 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in CMS Energy during the fourth quarter worth approximately $4,390,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy 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.