CMS Energy (NYSE:CMS) PT Raised to $76.00

CMS Energy (NYSE:CMS) had its price target raised by research analysts at BMO Capital Markets from $69.00 to $76.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 6.97% from the company’s previous close.

Several other brokerages also recently weighed in on CMS. Bank of America upped their target price on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Wells Fargo & Company upped their target price on shares of CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Barclays increased their price objective on shares of CMS Energy from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 13th. Finally, Morgan Stanley increased their price objective on shares of CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and an average target price of $69.38.

CMS Energy Price Performance

CMS Energy stock opened at $71.05 on Monday. The company’s 50 day simple moving average is $67.50 and its 200-day simple moving average is $62.83. The company has a market capitalization of $21.22 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 2.80 and a beta of 0.40. CMS Energy has a 1 year low of $49.87 and a 1 year high of $71.48. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $1.61 billion for 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 business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. As a group, equities research analysts expect that CMS Energy will post 3.33 earnings per share for the current year.

Institutional Trading of CMS Energy

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in CMS Energy by 14.0% during the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after purchasing an additional 2,786,071 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of CMS Energy by 101.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after purchasing an additional 3,473,977 shares in the last quarter. Capital International Investors increased its holdings in shares of CMS Energy by 24.8% in the 4th quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock valued at $360,537,000 after purchasing an additional 1,234,791 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of CMS Energy by 1.2% in the 4th quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock valued at $324,817,000 after purchasing an additional 65,966 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of CMS Energy by 320.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock valued at $250,026,000 after purchasing an additional 3,282,697 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.