CMS Energy (NYSE:CMS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

CMS Energy (NYSE:CMS) had its price target raised by analysts at Wells Fargo & Company from $78.00 to $82.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 13.56% from the stock’s previous close.

Several other equities research analysts have also issued reports on CMS. Jefferies Financial Group boosted their price target on shares of CMS Energy from $77.00 to $83.00 and gave the company a “buy” rating in a report on Monday, April 21st. UBS Group upped their target price on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. BMO Capital Markets decreased their price objective on CMS Energy from $80.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. StockNews.com lowered CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 18th. Finally, Guggenheim restated a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $76.55.

CMS Energy Stock Down 2.6 %

Shares of CMS opened at $72.21 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The company has a 50-day simple moving average of $72.73 and a 200-day simple moving average of $69.67. CMS Energy has a 52 week low of $58.50 and a 52 week high of $76.45. The firm has a market capitalization of $21.58 billion, a P/E ratio of 21.75, a P/E/G ratio of 2.56 and a beta of 0.34.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. On average, equities research analysts expect that CMS Energy will post 3.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Laura Wright sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the transaction, the director now owns 38,790 shares in the company, valued at approximately $2,709,093.60. This represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,200 shares of company stock valued at $789,532. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Mather Group LLC. grew its holdings in CMS Energy by 94.2% during the 1st quarter. Mather Group LLC. now owns 7,762 shares of the utilities provider’s stock worth $583,000 after acquiring an additional 3,766 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of CMS Energy in the 1st quarter worth $961,000. Amalgamated Bank grew its stake in shares of CMS Energy by 1.7% during the first quarter. Amalgamated Bank now owns 58,402 shares of the utilities provider’s stock worth $4,387,000 after purchasing an additional 971 shares during the period. Barnes Pettey Financial Advisors LLC bought a new stake in CMS Energy in the first quarter valued at about $203,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in CMS Energy by 37.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 429,901 shares of the utilities provider’s stock valued at $32,303,000 after purchasing an additional 117,245 shares during the last quarter. 93.57% of the stock is 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.