CMS Energy (NYSE:CMS) Price Target Lowered to $76.00 at BMO Capital Markets

CMS Energy (NYSE:CMS - Get Free Report) had its price objective reduced by equities research analysts at BMO Capital Markets from $77.00 to $76.00 in a report released on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the utilities provider's stock. BMO Capital Markets' target price would indicate a potential upside of 11.27% from the company's current price.

CMS has been the subject of several other research reports. Morgan Stanley raised their target price on CMS Energy from $63.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Scotiabank lifted their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Bank of America increased their target price on shares of CMS Energy from $69.00 to $73.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Evercore ISI upgraded shares of CMS Energy to a "hold" rating in a research report on Friday, July 26th. Finally, Wells Fargo & Company raised their price objective on CMS Energy from $70.00 to $77.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, CMS Energy currently has a consensus rating of "Moderate Buy" and an average target price of $69.85.

CMS Energy Price Performance

Shares of CMS stock traded down $1.31 during midday trading on Friday, reaching $68.30. 2,807,363 shares of the company were exchanged, compared to its average volume of 2,256,258. The company's 50 day moving average price is $69.78 and its two-hundred day moving average price is $64.54. The company has a market cap of $20.40 billion, a P/E ratio of 21.23, a PEG ratio of 2.79 and a beta of 0.41. CMS Energy has a 12 month low of $54.13 and a 12 month high of $72.40. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.88 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, sell-side analysts expect that CMS Energy will post 3.33 earnings per share for the current year.

Institutional Trading of CMS Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Direct Indexing L.P. lifted its stake in CMS Energy by 34.4% in the first quarter. First Trust Direct Indexing L.P. now owns 11,214 shares of the utilities provider's stock valued at $677,000 after acquiring an additional 2,872 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of CMS Energy by 3.3% in the 1st quarter. Van ECK Associates Corp now owns 72,256 shares of the utilities provider's stock valued at $4,360,000 after purchasing an additional 2,290 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in CMS Energy by 1.1% in the first quarter. Retirement Systems of Alabama now owns 64,987 shares of the utilities provider's stock worth $3,921,000 after purchasing an additional 684 shares in the last quarter. Private Advisor Group LLC increased its position in CMS Energy by 33.1% during the first quarter. Private Advisor Group LLC now owns 28,010 shares of the utilities provider's stock worth $1,690,000 after buying an additional 6,968 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in CMS Energy by 56.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,719 shares of the utilities provider's stock valued at $4,511,000 after buying an additional 27,053 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.