Barclays Boosts CMS Energy (NYSE:CMS) Price Target to $65.00

CMS Energy (NYSE:CMS) had its price target hoisted by Barclays from $60.00 to $65.00 in a report issued on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the utilities provider’s stock.

Several other research analysts have also recently issued reports on the company. BMO Capital Markets lifted their target price on CMS Energy from $68.00 to $71.00 and gave the company an outperform rating in a research report on Tuesday, May 14th. Scotiabank cut their price objective on shares of CMS Energy from $67.00 to $66.00 and set a sector outperform rating on the stock in a report on Monday, April 22nd. KeyCorp increased their target price on shares of CMS Energy from $66.00 to $68.00 and gave the company an overweight rating in a report on Monday, May 20th. StockNews.com raised shares of CMS Energy from a sell rating to a hold rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company upped their price objective on shares of CMS Energy from $66.00 to $70.00 and gave the stock an overweight rating in a research report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $65.55.

CMS Energy Stock Down 0.6 %

Shares of CMS opened at $65.95 on Tuesday. The stock’s 50-day moving average price is $61.66 and its two-hundred day moving average price is $60.23. CMS Energy has a 12 month low of $49.87 and a 12 month high of $67.77. The company has a market capitalization of $19.69 billion, a PE ratio of 20.11, a PEG ratio of 2.64 and a beta of 0.38. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. On average, analysts anticipate that CMS Energy will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, August 2nd. CMS Energy’s dividend payout ratio is presently 62.80%.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 1,667 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the transaction, the senior vice president now directly owns 68,330 shares in the company, valued at approximately $4,098,433.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $59.98, for a total value of $99,986.66. Following the sale, the senior vice president now owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jon E. Barfield sold 2,360 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $60.79, for a total value of $143,464.40. Following the transaction, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $884,859.24. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Scarborough Advisors LLC purchased a new position in shares of CMS Energy during the fourth quarter worth approximately $29,000. Voisard Asset Management Group Inc. purchased a new stake in CMS Energy during the fourth quarter valued at about $36,000. TruNorth Capital Management LLC grew its stake in shares of CMS Energy by 431.3% during the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after buying an additional 578 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of CMS Energy in the first quarter worth about $43,000. Finally, Innealta Capital LLC bought a new stake in shares of CMS Energy in the 2nd quarter valued at about $43,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

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.