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

CMS Energy (NYSE:CMS - Get Free Report) had its target price hoisted by research analysts at BMO Capital Markets from $73.00 to $80.00 in a research note issued to investors on Monday, MarketBeat reports. The brokerage presently has an "outperform" rating on the utilities provider's stock. BMO Capital Markets' price objective points to a potential upside of 7.85% from the company's previous close.

A number of other analysts have also recently commented on CMS. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Scotiabank increased their target price 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. UBS Group raised their price target on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, Guggenheim restated a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $75.36.

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CMS Energy Stock Up 1.4 %

CMS stock traded up $1.03 during midday trading on Monday, hitting $74.18. The stock had a trading volume of 2,717,818 shares, compared to its average volume of 2,229,385. The business has a 50-day moving average of $70.47 and a two-hundred day moving average of $69.27. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The firm has a market cap of $22.16 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. CMS Energy has a 52-week low of $56.61 and a 52-week high of $75.06.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that CMS Energy will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at CMS Energy

In related news, 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 transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the transaction, the senior vice president now directly owns 71,931 shares in the company, valued at $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,200 shares of company stock worth $789,532. Insiders own 0.40% of the company's stock.

Institutional Trading of CMS Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMS. BankPlus Trust Department bought a new stake in shares of CMS Energy during the 4th quarter valued at $29,000. First Horizon Advisors Inc. grew its holdings in CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 275 shares during the period. Richardson Financial Services Inc. increased its position 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 buying an additional 235 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of CMS Energy in the third quarter worth about $40,000. Finally, Larson Financial Group LLC lifted its position in shares of CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after buying an additional 696 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

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.