CMS Energy (NYSE:CMS) Price Target Raised to $83.00

CMS Energy (NYSE:CMS) had its target price boosted by stock analysts at Jefferies Financial Group from $77.00 to $83.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Jefferies Financial Group’s target price suggests a potential upside of 14.31% from the company’s current price.

A number of other equities research analysts have also issued reports on CMS. StockNews.com lowered CMS Energy from a “hold” rating to a “sell” rating in a research report on Friday. Bank of America boosted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, March 24th. BMO Capital Markets decreased their target price on shares of CMS Energy from $80.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. UBS Group lifted their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Finally, Guggenheim reissued a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $75.73.

CMS Energy Price Performance

Shares of CMS Energy stock traded down $0.30 during mid-day trading on Monday, reaching $72.61. 879,986 shares of the stock traded hands, compared to its average volume of 2,269,622. 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 fifty-two week low of $58.50 and a fifty-two week high of $76.45. The stock has a market capitalization of $21.70 billion, a PE ratio of 21.87, a PEG ratio of 2.56 and a beta of 0.34. The business has a 50-day moving average of $72.34 and a 200 day moving average of $69.56.

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

Insider Buying and Selling

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the business’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,200 shares of company stock worth $789,532. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CMS. Vanguard Group Inc. boosted its stake in CMS Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider’s stock valued at $2,544,370,000 after acquiring an additional 316,011 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of CMS Energy by 32.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider’s stock valued at $950,227,000 after purchasing an additional 3,486,074 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of CMS Energy by 28.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider’s stock valued at $649,264,000 after purchasing an additional 2,131,269 shares during the period. Geode Capital Management LLC grew its stake in CMS Energy by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider’s stock worth $505,869,000 after buying an additional 98,910 shares during the last quarter. Finally, Northern Trust Corp increased its position in CMS Energy by 11.6% during the fourth quarter. Northern Trust Corp now owns 2,986,489 shares of the utilities provider’s stock worth $199,049,000 after buying an additional 311,489 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

About CMS Energy

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.