Evercore ISI Forecasts Strong Price Appreciation for CMS Energy (NYSE:CMS) Stock

CMS Energy (NYSE:CMS - Get Free Report) had its price objective hoisted by analysts at Evercore ISI from $73.00 to $76.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "in-line" rating on the utilities provider's stock. Evercore ISI's price target would suggest a potential upside of 5.59% from the company's previous close.

Other equities analysts have also issued research reports about the company. Bank of America lifted their target price on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Scotiabank restated an "outperform" rating on shares of CMS Energy in a research note on Friday. Guggenheim reaffirmed a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. StockNews.com cut CMS Energy from a "hold" rating to a "sell" rating in a research report on Friday, April 18th. Finally, UBS Group upped their target price on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, CMS Energy currently has an average rating of "Hold" and a consensus target price of $76.50.

CMS Energy Price Performance

Shares of NYSE:CMS traded down $0.21 on Monday, reaching $71.98. The company's stock had a trading volume of 164,799 shares, compared to its average volume of 2,547,415. The company has a 50-day simple moving average of $72.73 and a 200 day simple moving average of $69.67. 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 $21.51 billion, a P/E 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.

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

Insider Activity at CMS Energy

In related news, Director Laura Wright sold 2,500 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the sale, the director now owns 38,790 shares in the company, valued at $2,709,093.60. This represents a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 11,200 shares of company stock worth $789,532. Corporate insiders own 0.40% of the company's stock.

Institutional Trading of CMS Energy

Several hedge funds have recently made changes to their positions in CMS. Spire Wealth Management lifted its stake in shares of CMS Energy by 6.4% in the first quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider's stock valued at $191,000 after purchasing an additional 154 shares during the period. Pallas Capital Advisors LLC increased its position in CMS Energy by 4.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock worth $297,000 after buying an additional 173 shares in the last quarter. Mather Group LLC. lifted its position in shares of CMS Energy by 5.8% in the fourth quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider's stock valued at $266,000 after acquiring an additional 220 shares in the last quarter. Signaturefd LLC boosted its stake in shares of CMS Energy by 4.9% during the fourth quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock valued at $317,000 after acquiring an additional 220 shares during the last quarter. Finally, Stephens Consulting LLC raised its stake in CMS Energy by 5.5% in the 4th quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider's stock valued at $288,000 after purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

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.

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