CMS Energy (NYSE:CMS) Price Target Raised to $77.00 at Mizuho

CMS Energy (NYSE:CMS – Get Rating) had its target price hoisted by analysts at Mizuho from $70.00 to $77.00 in a research report issued to clients and investors on Thursday, The Fly reports. Mizuho’s target price would suggest a potential upside of 5.42% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. KeyCorp upped their price objective on CMS Energy from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, January 13th. UBS Group upped their price objective on CMS Energy from $65.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, December 23rd. Morgan Stanley upped their price objective on CMS Energy from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Evercore ISI restated a “hold” rating and set a $67.00 price objective on shares of CMS Energy in a research note on Friday, February 4th. Finally, Barclays cut CMS Energy from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $70.00 to $76.00 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $70.92.

CMS opened at $73.04 on Thursday. CMS Energy has a 12-month low of $57.92 and a 12-month high of $73.64. The company has a current ratio of 1.19, a quick ratio of 0.89 and a debt-to-equity ratio of 1.74. The business’s fifty day simple moving average is $67.33 and its 200-day simple moving average is $64.00. The company has a market capitalization of $21.19 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 2.70 and a beta of 0.26.

CMS Energy (NYSE:CMS – Get Rating) last posted its quarterly earnings results on Thursday, February 3rd. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. CMS Energy had a return on equity of 12.29% and a net margin of 18.29%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the company earned $0.56 EPS. The business’s revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts predict that CMS Energy will post 2.87 EPS for the current year.

In related news, SVP Catherine A. Hendrian sold 6,521 shares of the firm’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $66.09, for a total transaction of $430,972.89. The transaction 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 company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CMS. BlackRock Inc. lifted its position in shares of CMS Energy by 4.1% in the fourth quarter. BlackRock Inc. now owns 26,291,806 shares of the utilities provider’s stock valued at $1,710,283,000 after acquiring an additional 1,029,930 shares in the last quarter. JPMorgan Chase & Co. lifted its position in CMS Energy by 1.2% during the fourth quarter. JPMorgan Chase & Co. now owns 15,976,622 shares of the utilities provider’s stock worth $1,039,277,000 after buying an additional 189,292 shares in the last quarter. State Street Corp lifted its position in CMS Energy by 0.3% during the fourth quarter. State Street Corp now owns 14,718,646 shares of the utilities provider’s stock worth $957,448,000 after buying an additional 39,112 shares in the last quarter. Bank of New York Mellon Corp lifted its position in CMS Energy by 7.2% during the third quarter. Bank of New York Mellon Corp now owns 5,505,480 shares of the utilities provider’s stock worth $328,841,000 after buying an additional 370,081 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in CMS Energy by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,465,158 shares of the utilities provider’s stock valued at $354,614,000 after purchasing an additional 119,992 shares during the period. 91.21% of the stock is currently owned by institutional investors.

About CMS Energy (Get Rating)

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.

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