CMS Energy (NYSE:CMS) Price Target Raised to $83.00

CMS Energy (NYSE:CMS - Free Report) had its target price upped by Jefferies Financial Group from $77.00 to $83.00 in a research report sent to investors on Monday morning, MarketBeat reports. The firm currently has a buy rating on the utilities provider's stock.

CMS has been the topic of several other reports. StockNews.com downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Friday, April 18th. UBS Group boosted their price objective on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective 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 target on shares of CMS Energy in a research note on Friday, February 7th. Finally, BMO Capital Markets reduced their target price on CMS Energy from $80.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $75.73.

CMS Energy Price Performance

Shares of CMS Energy stock traded down $1.30 during trading on Monday, reaching $72.84. 404,214 shares of the company's stock were exchanged, compared to its average volume of 2,283,210. The firm's 50-day moving average price is $72.67 and its 200 day moving average price is $69.65. The company has a market cap of $21.76 billion, a P/E ratio of 21.92, a PEG ratio of 2.56 and a beta of 0.34. 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 1-year low of $58.50 and a 1-year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. As a group, research analysts anticipate that CMS Energy will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is presently 65.36%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock valued at $789,532 in the last quarter. Company insiders own 0.40% of the company's stock.

Institutional Trading of CMS Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barnes Pettey Financial Advisors LLC purchased a new position in shares of CMS Energy in the 1st quarter valued at approximately $203,000. Allspring Global Investments Holdings LLC lifted its position in CMS Energy by 37.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 429,901 shares of the utilities provider's stock valued at $32,303,000 after buying an additional 117,245 shares during the period. Elevated Capital Advisors LLC boosted its holdings in shares of CMS Energy by 2.9% during the 1st quarter. Elevated Capital Advisors LLC now owns 12,819 shares of the utilities provider's stock valued at $963,000 after buying an additional 356 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of CMS Energy by 2.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,377 shares of the utilities provider's stock worth $2,773,000 after buying an additional 998 shares during the period. Finally, Artemis Investment Management LLP increased its stake in shares of CMS Energy by 13.5% in the 1st quarter. Artemis Investment Management LLP now owns 255,456 shares of the utilities provider's stock worth $19,187,000 after acquiring an additional 30,322 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

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.