CMS Energy (NYSE:CMS - Get Free Report) had its price objective boosted by investment analysts at Bank of America from $73.00 to $80.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the utilities provider's stock. Bank of America's price objective would suggest a potential upside of 7.54% from the company's current price.
Several other equities research analysts have also recently weighed in on the company. Scotiabank boosted their price objective on CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. BMO Capital Markets boosted their target price on CMS Energy from $73.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Guggenheim reiterated a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. Finally, StockNews.com upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, CMS Energy presently has an average rating of "Moderate Buy" and an average target price of $75.36.
Check Out Our Latest Stock Analysis on CMS Energy
CMS Energy Price Performance
Shares of CMS traded up $1.24 during mid-day trading on Monday, hitting $74.39. 687,746 shares of the stock were exchanged, compared to its average volume of 2,292,981. The firm has a 50-day moving average of $70.35 and a two-hundred day moving average of $69.23. CMS Energy has a 52-week low of $56.61 and a 52-week high of $75.06. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The company has a market cap of $22.23 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35.
CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, equities analysts predict that CMS Energy will post 3.59 earnings per share for the current year.
Insider Activity at CMS Energy
In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares of the company's stock, valued at $5,306,349.87. The trade was a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company'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 sale, the chief accounting officer now owns 21,643 shares of the company's stock, valued at $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,200 shares of company stock worth $789,532. Company insiders own 0.40% of the company's stock.
Institutional Investors Weigh In On CMS Energy
Several large investors have recently modified their holdings of CMS. Price T Rowe Associates Inc. MD lifted its holdings in CMS Energy by 32.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock worth $950,227,000 after buying an additional 3,486,074 shares during the period. Norges Bank purchased a new position in shares of CMS Energy in the 4th quarter valued at $171,798,000. Massachusetts Financial Services Co. MA raised its position in shares of CMS Energy by 28.0% in 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 acquiring an additional 2,131,269 shares in the last quarter. Zimmer Partners LP purchased a new stake in shares of CMS Energy during the 4th quarter worth $89,173,000. Finally, Fisher Funds Management LTD bought a new stake in CMS Energy during the fourth quarter valued at about $53,904,000. Institutional investors own 93.57% of the company's stock.
CMS Energy Company Profile
(
Get Free Report)
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.
See Also
Before you consider CMS Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CMS Energy wasn't on the list.
While CMS Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
