UBS Group Raises CMS Energy (NYSE:CMS) Price Target to $80.00

CMS Energy (NYSE:CMS - Get Free Report) had its price target boosted by UBS Group from $77.00 to $80.00 in a report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the utilities provider's stock. UBS Group's target price indicates a potential upside of 8.70% from the company's previous close.

CMS has been the topic of a number of other reports. StockNews.com upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Guggenheim reaffirmed a "neutral" rating and issued a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. Morgan Stanley dropped their price target on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Finally, Scotiabank increased their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.36.

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CMS Energy Price Performance

CMS stock traded up $0.10 during trading on Friday, hitting $73.60. The stock had a trading volume of 648,848 shares, compared to its average volume of 2,129,250. The company's 50-day moving average price is $69.81 and its two-hundred day moving average price is $69.12. CMS Energy has a twelve month low of $56.61 and a twelve month high of $75.06. The stock has a market capitalization of $21.99 billion, a P/E ratio of 22.17, a PEG ratio of 2.56 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. As a group, research analysts predict that CMS Energy will post 3.59 EPS for the current fiscal year.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the sale, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laura Wright sold 2,500 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the transaction, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. The trade was a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,200 shares of company stock worth $789,532. Corporate insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CMS. Pallas Capital Advisors LLC grew its position in CMS Energy by 4.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock valued at $297,000 after buying an additional 173 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of CMS Energy by 5.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider's stock worth $256,000 after acquiring an additional 187 shares during the period. Horizon Kinetics Asset Management LLC boosted its holdings in shares of CMS Energy by 1.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider's stock valued at $1,107,000 after acquiring an additional 200 shares in the last quarter. Private Trust Co. NA increased its stake in shares of CMS Energy by 25.6% during the third quarter. Private Trust Co. NA now owns 982 shares of the utilities provider's stock worth $69,000 after acquiring an additional 200 shares during the period. Finally, Mather Group LLC. raised its holdings in CMS Energy by 5.8% during the fourth quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider's stock worth $266,000 after purchasing an additional 220 shares in 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.