CMS Energy (NYSE:CMS) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

CMS Energy (NYSE:CMS) had its price objective raised by BMO Capital Markets from $73.00 to $80.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 8.87% from the company’s current price.

Other analysts have also issued research reports about the company. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. UBS Group boosted their target price on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday. Guggenheim reaffirmed a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Scotiabank upped their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Finally, Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and an average price target of $74.73.

CMS Energy Stock Performance

Shares of CMS stock opened at $73.49 on Monday. CMS Energy has a 12 month low of $56.61 and a 12 month high of $75.06. The company’s fifty day simple moving average is $69.81 and its 200-day simple moving average is $69.12. The firm has a market cap of $21.96 billion, a PE ratio of 22.13, a P/E/G ratio of 2.56 and a beta of 0.35. 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 (NYSE:CMS) last posted its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping 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%. Equities research analysts expect that CMS Energy will post 3.59 EPS for the current fiscal year.

Insider Transactions at CMS Energy

In other news, Director Laura Wright sold 2,500 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, the director now directly owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. This represents a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CMS Energy

A number of large investors have recently bought and sold shares of CMS. Empowered Funds LLC lifted its holdings in shares of CMS Energy by 11.5% during the 3rd quarter. Empowered Funds LLC now owns 5,028 shares of the utilities provider’s stock worth $355,000 after acquiring an additional 517 shares during the period. First Horizon Advisors Inc. raised its position in CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 275 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in CMS Energy by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock worth $128,715,000 after purchasing an additional 25,196 shares during the last quarter. Raymond James Trust N.A. lifted its stake in CMS Energy by 43.0% during the third quarter. Raymond James Trust N.A. now owns 6,448 shares of the utilities provider’s stock worth $455,000 after purchasing an additional 1,940 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of CMS Energy by 35.5% in the 3rd quarter. Cerity Partners LLC now owns 26,566 shares of the utilities provider’s stock valued at $1,876,000 after purchasing an additional 6,959 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.