Barclays Raises CMS Energy (NYSE:CMS) Price Target to $59.00

CMS Energy (NYSE:CMS) had its price target lifted by Barclays from $57.00 to $59.00 in a research note published on Tuesday, Benzinga reports. Barclays currently has an equal weight rating on the utilities provider’s stock.

A number of other brokerages have also recently issued reports on CMS. KeyCorp raised their price objective on CMS Energy from $65.00 to $66.00 and gave the company an overweight rating in a research note on Friday, April 19th. Scotiabank reduced their price objective on CMS Energy from $67.00 to $66.00 and set a sector outperform rating on the stock in a research note on Monday, April 22nd. Royal Bank of Canada reduced their price objective on CMS Energy from $65.00 to $63.00 and set an outperform rating on the stock in a research note on Monday, March 4th. UBS Group cut CMS Energy from a buy rating to a neutral rating and set a $65.00 price objective on the stock. in a research note on Thursday, April 4th. Finally, Seaport Res Ptn cut CMS Energy from a buy rating to a neutral rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $63.50.

CMS Energy Trading Up 0.5 %

Shares of CMS stock opened at $61.56 on Tuesday. The company has a market capitalization of $18.38 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.48 and a beta of 0.37. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.05 and a current ratio of 1.35. CMS Energy has a 52-week low of $49.87 and a 52-week high of $63.76. The business’s fifty day moving average is $59.03 and its 200 day moving average is $57.62.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. On average, equities research analysts anticipate that CMS Energy will post 3.33 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.06 annualized dividend and a dividend yield of 3.35%. CMS Energy’s payout ratio is 62.80%.

Insider Activity

In other news, SVP Brian F. Rich sold 2,000 shares of CMS Energy stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the transaction, the senior vice president now directly owns 97,682 shares in the company, valued at $5,968,370.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the sale, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at approximately $3,985,144.38. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Several institutional investors and hedge funds have recently made changes to their positions in CMS. VeraBank N.A. bought a new stake in CMS Energy in the 1st quarter worth approximately $205,000. Daiwa Securities Group Inc. grew its position in CMS Energy by 51.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 45,013 shares of the utilities provider’s stock worth $2,716,000 after purchasing an additional 15,194 shares during the period. Fidelis Capital Partners LLC bought a new stake in CMS Energy in the 1st quarter worth approximately $89,000. Tokio Marine Asset Management Co. Ltd. grew its position in CMS Energy by 15.6% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,669 shares of the utilities provider’s stock worth $523,000 after purchasing an additional 1,169 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in CMS Energy by 1.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 35,326 shares of the utilities provider’s stock worth $2,132,000 after purchasing an additional 397 shares during the period. 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.