CMS Energy (NYSE:CMS) Price Target Increased to $68.00 by Analysts at BMO Capital Markets

CMS Energy (NYSE:CMS) had its price objective raised by research analysts at BMO Capital Markets from $67.00 to $68.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ target price points to a potential upside of 14.59% from the company’s current price.

Several other research firms have also commented on CMS. KeyCorp boosted their price target on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Guggenheim upgraded CMS Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $64.00 in a report on Friday, February 2nd. Wolfe Research upgraded CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a report on Tuesday, January 16th. Barclays dropped their price objective on CMS Energy from $58.00 to $57.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Finally, UBS Group downgraded CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, CMS Energy currently has an average rating of “Moderate Buy” and a consensus target price of $63.33.

CMS Energy Stock Performance

CMS Energy stock opened at $59.34 on Friday. The stock’s 50 day moving average price is $58.76 and its 200 day moving average price is $57.45. The firm has a market capitalization of $17.72 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 2.35 and a beta of 0.38. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.66 and a current ratio of 2.03. CMS Energy has a one year low of $49.87 and a one year high of $63.76.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. CMS Energy’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 EPS. As a group, sell-side analysts expect that CMS Energy will post 3.32 EPS for the current fiscal year.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now directly 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 available through this hyperlink. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its stake 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 buying an additional 26,034 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in CMS Energy by 49.9% during the 3rd quarter. Epoch Investment Partners Inc. now owns 302,221 shares of the utilities provider’s stock worth $16,051,000 after buying an additional 100,618 shares during the last quarter. New England Asset Management Inc. grew its stake in CMS Energy by 38.8% during the 3rd 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 last quarter. International Assets Investment Management LLC bought a new position in CMS Energy during the 4th quarter worth $4,390,000. Finally, Illinois Municipal Retirement Fund grew its stake in CMS Energy by 3.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 203,564 shares of the utilities provider’s stock worth $11,821,000 after buying an additional 7,188 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

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.