CMS Energy (NYSE:CMS) Price Target Lowered to $67.00 at Morgan Stanley

CMS Energy (NYSE:CMSGet Rating) had its target price decreased by Morgan Stanley from $69.00 to $67.00 in a report issued on Thursday morning, Stock Target Advisor reports. Morgan Stanley currently has an equal weight rating on the utilities provider’s stock.

Several other equities research analysts have also recently commented on the company. Mizuho lowered their target price on CMS Energy from $74.00 to $73.00 and set a buy rating for the company in a research note on Thursday, June 30th. BMO Capital Markets lowered their target price on CMS Energy from $80.00 to $71.00 and set an outperform rating for the company in a research note on Monday, June 27th. Finally, Barclays lowered their target price on CMS Energy from $76.00 to $72.00 and set an equal weight rating for the company in a research note on Monday, July 18th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $70.80.

CMS Energy Trading Down 0.2 %

CMS stock opened at $65.78 on Thursday. The business has a fifty day moving average price of $68.05 and a 200 day moving average price of $68.30. The stock has a market capitalization of $19.09 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 2.80 and a beta of 0.28. CMS Energy has a fifty-two week low of $58.51 and a fifty-two week high of $73.76. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.00 and a quick ratio of 0.65.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Tuesday, September 6th will be issued a dividend of $4.50 per share. The ex-dividend date is Friday, September 2nd. This is a positive change from CMS Energy’s previous quarterly dividend of $0.46. This represents a $18.00 annualized dividend and a yield of 27.36%. CMS Energy’s payout ratio is currently 40.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMS. Russell Investments Group Ltd. lifted its holdings in shares of CMS Energy by 38.5% in the first quarter. Russell Investments Group Ltd. now owns 202,564 shares of the utilities provider’s stock valued at $14,165,000 after purchasing an additional 56,307 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of CMS Energy by 18.6% in the first quarter. Parallel Advisors LLC now owns 2,300 shares of the utilities provider’s stock valued at $161,000 after purchasing an additional 361 shares in the last quarter. State Street Corp lifted its holdings in shares of CMS Energy by 0.3% in the fourth quarter. State Street Corp now owns 14,718,646 shares of the utilities provider’s stock valued at $957,448,000 after purchasing an additional 39,112 shares in the last quarter. Hightower 6M Holding LLC bought a new stake in shares of CMS Energy in the first quarter valued at about $226,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of CMS Energy by 23.2% in the first quarter. MetLife Investment Management LLC now owns 78,825 shares of the utilities provider’s stock valued at $5,513,000 after purchasing an additional 14,821 shares in the last quarter. 92.62% of the stock is currently owned by institutional investors.

CMS Energy Company Profile

(Get Rating)

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.

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