Credit Suisse Group set a $58.00 price target on CMS Energy (NYSE:CMS) in a research note released on Monday, TipRanks reports. The firm currently has a buy rating on the utilities provider’s stock.

Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded CMS Energy from a hold rating to a sell rating in a research note on Monday, March 25th. SunTrust Banks reiterated a hold rating and set a $56.00 price target on shares of CMS Energy in a research note on Monday, February 25th. Guggenheim reiterated a hold rating and set a $53.00 price target on shares of CMS Energy in a research note on Monday, January 7th. Argus increased their price target on CMS Energy from $56.00 to $58.00 and gave the stock a buy rating in a research note on Friday, February 22nd. Finally, Goldman Sachs Group assumed coverage on CMS Energy in a research note on Wednesday, January 16th. They set a neutral rating and a $52.00 price target for the company. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $54.77.

CMS stock opened at $53.56 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 2.23. The firm has a market cap of $15.27 billion, a PE ratio of 22.99, a PEG ratio of 3.38 and a beta of 0.19. CMS Energy has a fifty-two week low of $42.52 and a fifty-two week high of $56.29.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, January 31st. The utilities provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.54 billion. CMS Energy had a return on equity of 13.93% and a net margin of 9.56%. During the same quarter in the previous year, the company posted $0.51 EPS. On average, equities analysts forecast that CMS Energy will post 2.5 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be issued a dividend of $0.3825 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.53 dividend on an annualized basis and a yield of 2.86%. CMS Energy’s dividend payout ratio (DPR) is 65.67%.

In related news, SVP Catherine M. Reynolds sold 8,187 shares of the stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $53.02, for a total transaction of $434,074.74. Following the sale, the senior vice president now owns 129,389 shares of the company’s stock, valued at approximately $6,860,204.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. MML Investors Services LLC raised its holdings in shares of CMS Energy by 30.7% in the 4th quarter. MML Investors Services LLC now owns 14,284 shares of the utilities provider’s stock valued at $709,000 after acquiring an additional 3,356 shares in the last quarter. Bremer Trust National Association bought a new position in shares of CMS Energy during the 4th quarter valued at about $55,000. CI Investments Inc. bought a new position in shares of CMS Energy during the 4th quarter valued at about $4,431,000. GWM Advisors LLC increased its position in shares of CMS Energy by 4.3% during the 4th quarter. GWM Advisors LLC now owns 245,012 shares of the utilities provider’s stock valued at $12,165,000 after purchasing an additional 10,013 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of CMS Energy during the 4th quarter valued at about $201,000. 92.68% 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 in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

Featured Article: Cost of Equity For A Business, Investors

Analyst Recommendations for CMS Energy (NYSE:CMS)

Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.