CMS Energy (NYSE:CMS) Price Target Raised to $66.00

CMS Energy (NYSE:CMS) had its price target raised by KeyCorp from $65.00 to $66.00 in a research note published on Friday, Benzinga reports. KeyCorp currently has an overweight rating on the utilities provider’s stock.

CMS has been the subject of a number of other research reports. BMO Capital Markets lifted their price target on CMS Energy from $63.00 to $64.00 and gave the stock an outperform rating in a report on Wednesday, April 17th. Guggenheim upgraded shares of CMS Energy from a neutral rating to a buy rating and raised their price objective for the stock from $60.00 to $64.00 in a research report on Friday, February 2nd. Barclays cut their price objective on shares of CMS Energy from $58.00 to $57.00 and set an equal weight rating for the company in a research report on Monday, April 15th. Seaport Res Ptn downgraded shares of CMS Energy from a buy rating to a neutral rating in a research report on Monday, January 8th. Finally, UBS Group downgraded shares of CMS Energy from a buy rating to a neutral rating and set a $65.00 price objective for the company. in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus price target of $62.73.

CMS Energy Trading Up 1.8 %

CMS Energy stock opened at $59.55 on Friday. CMS Energy has a 52 week low of $49.87 and a 52 week high of $63.76. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 0.98. The stock has a market capitalization of $17.78 billion, a P/E ratio of 19.78, a PEG ratio of 2.31 and a beta of 0.38. The stock has a 50-day simple moving average of $58.44 and a 200 day simple moving average of $57.23.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.01. CMS Energy had a return on equity of 12.09% and a net margin of 11.89%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the company posted $0.60 earnings per share. CMS Energy’s quarterly revenue was down 14.4% on a year-over-year basis. Analysts expect that CMS Energy will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Monday, February 12th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.46%. This is an increase from CMS Energy’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, February 9th. CMS Energy’s payout ratio is presently 68.44%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the completion of the transaction, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL raised its position in CMS Energy by 2.6% during the first quarter. Blair William & Co. IL now owns 6,561 shares of the utilities provider’s stock valued at $459,000 after purchasing an additional 168 shares in the last quarter. Kinneret Advisory LLC raised its position in CMS Energy by 2.3% during the first quarter. Kinneret Advisory LLC now owns 7,756 shares of the utilities provider’s stock valued at $542,000 after purchasing an additional 174 shares in the last quarter. Walleye Trading LLC raised its position in CMS Energy by 2.9% during the second quarter. Walleye Trading LLC now owns 6,414 shares of the utilities provider’s stock valued at $377,000 after purchasing an additional 181 shares in the last quarter. CI Investments Inc. grew its stake in shares of CMS Energy by 3.0% during the third quarter. CI Investments Inc. now owns 6,415 shares of the utilities provider’s stock worth $341,000 after buying an additional 185 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of CMS Energy by 30.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock worth $46,000 after buying an additional 185 shares during 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.