CMS Energy (NYSE:CMS) Given New $80.00 Price Target at BMO Capital Markets

CMS Energy (NYSE:CMS) had its price target boosted by analysts at BMO Capital Markets from $73.00 to $80.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price target points to a potential upside of 8.87% from the company’s previous close.

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

CMS Energy Price Performance

NYSE CMS opened at $73.49 on Monday. The stock has a market capitalization 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 stock has a 50-day simple moving average of $69.81 and a 200 day simple moving average of $69.12. 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 twelve month low of $56.61 and a twelve month high of $75.06.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share 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%. Research analysts anticipate that CMS Energy will post 3.59 EPS for the current year.

Insider Buying and Selling at CMS Energy

In related news, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction that occurred on 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 $2,709,093.60. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the sale, the senior vice president now owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,200 shares of company stock worth $789,532 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several 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 during the last quarter. Price T Rowe Associates Inc. MD grew 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 buying an additional 3,486,074 shares during the period. Massachusetts Financial Services Co. MA raised its stake in CMS Energy by 28.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider’s stock worth $649,264,000 after buying an additional 2,131,269 shares during the period. Geode Capital Management LLC lifted its holdings in CMS Energy by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider’s stock worth $505,869,000 after acquiring an additional 98,910 shares in the last quarter. Finally, Northern Trust Corp grew its stake in CMS Energy by 11.6% in the fourth quarter. Northern Trust Corp now owns 2,986,489 shares of the utilities provider’s stock valued at $199,049,000 after acquiring an additional 311,489 shares during the period. Institutional investors own 93.57% of the company’s stock.

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.