CMS Energy (NYSE:CMS) Price Target Raised to $82.00 at Wells Fargo & Company

CMS Energy (NYSE:CMS - Free Report) had its target price upped by Wells Fargo & Company from $78.00 to $82.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an overweight rating on the utilities provider's stock.

A number of other equities research analysts have also recently commented on the stock. Bank of America lifted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Jefferies Financial Group upped their price objective on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a report on Monday, April 21st. Guggenheim reaffirmed a "neutral" rating and issued a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Finally, BMO Capital Markets cut their price objective on shares of CMS Energy from $80.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $76.50.

CMS Energy Stock Down 0.2 %

Shares of CMS traded down $0.13 during trading hours on Friday, reaching $72.05. 164,799 shares of the stock traded hands, compared to its average volume of 2,273,886. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The company has a market cap of $21.53 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.56 and a beta of 0.34. CMS Energy has a 52 week low of $58.50 and a 52 week high of $76.45. The stock has a fifty day simple moving average of $72.73 and a 200 day simple moving average of $69.67.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly 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). CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. On average, equities analysts forecast that CMS Energy will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.01%. The ex-dividend date is Friday, May 9th. CMS Energy's dividend payout ratio is presently 64.39%.

Insider Buying and Selling at CMS Energy

In related news, 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 sale, the senior vice president now directly owns 71,931 shares of the company's stock, valued at $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company's stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 21,643 shares of the company's stock, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,200 shares of company stock worth $789,532. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CMS. Smith Group Asset Management LLC purchased a new stake in CMS Energy during the 4th quarter valued at about $333,000. Hennion & Walsh Asset Management Inc. raised its position in CMS Energy by 39.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock worth $1,342,000 after buying an additional 5,662 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of CMS Energy by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock valued at $5,103,000 after purchasing an additional 392 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in CMS Energy by 49.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider's stock worth $1,787,000 after purchasing an additional 8,927 shares during the last quarter. Finally, Hennessy Advisors Inc. raised its stake in CMS Energy by 2.7% during the 4th quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider's stock valued at $11,377,000 after buying an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

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.