CMS Energy (NYSE:CMS) Price Target Lowered to $77.00 at BMO Capital Markets

CMS Energy (NYSE:CMS) had its price objective decreased by BMO Capital Markets from $80.00 to $77.00 in a research report released on Monday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the utilities provider’s stock.

CMS has been the subject of several other reports. UBS Group raised their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Thursday, April 10th. Guggenheim restated a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Finally, Bank of America raised their price target on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 24th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.09.

CMS Energy Stock Up 2.3 %

CMS Energy stock opened at $73.50 on Monday. The firm has a 50 day moving average price of $72.04 and a 200-day moving average price of $69.51. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. CMS Energy has a twelve month low of $56.61 and a twelve month high of $76.45. The company has a market capitalization of $21.96 billion, a P/E ratio of 22.14, a P/E/G ratio of 2.56 and a beta of 0.34.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. As a group, equities analysts predict that CMS Energy will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 2.95%. CMS Energy’s payout ratio is 65.36%.

Insider Activity at CMS Energy

In other news, Director Laura Wright sold 2,500 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the sale, the director now directly owns 38,790 shares in the company, valued at approximately $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock worth $789,532 in the last ninety days. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On CMS Energy

Large investors have recently made changes to their positions in the business. BankPlus Trust Department bought a new stake in CMS Energy in the fourth quarter valued at $29,000. Richardson Financial Services Inc. lifted its holdings in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after buying an additional 235 shares during the period. Larson Financial Group LLC boosted its position in CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 696 shares in the last quarter. Optiver Holding B.V. grew its holdings in shares of CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 229 shares during the period. Finally, Mizuho Bank Ltd. bought a new position in shares of CMS Energy in the 4th quarter worth approximately $61,000. 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.