CMS Energy (NYSE:CMS) PT Set at $71.00 by Morgan Stanley

CMS Energy (NYSE:CMS) has been assigned a $71.00 price target by equities research analysts at Morgan Stanley in a note issued to investors on Thursday, Marketbeat reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price suggests a potential upside of 2.45% from the stock’s previous close.

Other analysts also recently issued reports about the stock. 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. UBS Group boosted 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. Wells Fargo & Company boosted their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Evercore ISI boosted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an “in-line” rating in a research note on Monday, April 28th. One research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $77.00.

CMS Energy Price Performance

NYSE CMS opened at $69.30 on Thursday. The business’s fifty day moving average is $72.53 and its two-hundred day moving average is $69.87. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. CMS Energy has a 1 year low of $58.50 and a 1 year high of $76.45. The stock has a market capitalization of $20.73 billion, a P/E ratio of 20.87, a P/E/G ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (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 for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the firm earned $0.97 earnings per share. CMS Energy’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, research analysts forecast that CMS Energy will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares in the company, valued at approximately $5,306,349.87. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CMS Energy

Large investors have recently bought and sold shares of the business. BankPlus Trust Department bought a new stake in CMS Energy in the fourth quarter worth $29,000. Richardson Financial Services Inc. boosted 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 purchasing an additional 235 shares in the last quarter. AlphaQuest LLC boosted its holdings in CMS Energy by 285.5% during the first quarter. AlphaQuest LLC now owns 451 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 334 shares during the period. WPG Advisers LLC bought a new stake in CMS Energy during the first quarter valued at about $47,000. Finally, Larson Financial Group LLC boosted its holdings in CMS Energy by 2,900.0% during the fourth 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 during the period. 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.