CMS Energy Corporation (NYSE:CMS) has been given a $49.00 price objective by equities research analysts at Morgan Stanley in a research report issued on Thursday. The firm presently has a “hold” rating on the utilities provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 3.42% from the stock’s current price.

Other research analysts also recently issued reports about the company. BMO Capital Markets reiterated a “buy” rating and set a $48.00 target price on shares of CMS Energy Corporation in a research note on Monday, July 31st. BidaskClub downgraded CMS Energy Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Barclays PLC restated an “equal weight” rating and issued a $49.00 price target (up from $44.00) on shares of CMS Energy Corporation in a research note on Sunday, April 23rd. Finally, Credit Suisse Group upgraded CMS Energy Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $46.00 to $50.00 in a research note on Monday, July 24th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $47.75.

Shares of CMS Energy Corporation (NYSE CMS) traded up 0.17% on Thursday, hitting $47.46. The stock had a trading volume of 875,880 shares. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $48.37. The stock’s 50-day moving average price is $46.51 and its 200 day moving average price is $45.36. The company has a market cap of $13.36 billion, a PE ratio of 23.97 and a beta of 0.16.

CMS Energy Corporation (NYSE:CMS) last issued its earnings results on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.08. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that CMS Energy Corporation will post $2.17 EPS for the current year.

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In other CMS Energy Corporation news, insider Dhenuvakonda Rao Venkat sold 2,000 shares of CMS Energy Corporation stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $45.50, for a total value of $91,000.00. Following the completion of the transaction, the insider now directly owns 30,022 shares of the company’s stock, valued at approximately $1,366,001. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Thomas J. Webb sold 50,000 shares of CMS Energy Corporation stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $47.23, for a total value of $2,361,500.00. Following the completion of the transaction, the insider now directly owns 187,773 shares of the company’s stock, valued at $8,868,518.79. The disclosure for this sale can be found here. Insiders sold a total of 68,336 shares of company stock valued at $3,223,288 over the last 90 days. 0.65% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Boston Advisors LLC boosted its position in shares of CMS Energy Corporation by 1.3% in the first quarter. Boston Advisors LLC now owns 61,160 shares of the utilities provider’s stock valued at $2,736,000 after buying an additional 782 shares in the last quarter. DnB Asset Management AS boosted its position in shares of CMS Energy Corporation by 14.2% in the first quarter. DnB Asset Management AS now owns 61,021 shares of the utilities provider’s stock valued at $2,730,000 after buying an additional 7,600 shares in the last quarter. Fox Run Management L.L.C. boosted its position in shares of CMS Energy Corporation by 152.2% in the first quarter. Fox Run Management L.L.C. now owns 17,400 shares of the utilities provider’s stock valued at $778,000 after buying an additional 10,500 shares in the last quarter. BLB&B Advisors LLC boosted its position in shares of CMS Energy Corporation by 1.1% in the first quarter. BLB&B Advisors LLC now owns 63,179 shares of the utilities provider’s stock valued at $2,827,000 after buying an additional 697 shares in the last quarter. Finally, Atria Investments LLC bought a new position in shares of CMS Energy Corporation during the first quarter valued at $589,000. 86.49% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Corporation Company Profile

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

Analyst Recommendations for CMS Energy Corporation (NYSE:CMS)

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