CMS Energy (NYSE:CMS) had its target price increased by stock analysts at Morgan Stanley from $64.00 to $67.00 in a research report issued on Wednesday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective suggests a potential downside of 1.03% from the stock’s current price.

Several other research analysts also recently commented on CMS. Wells Fargo & Co reissued a “buy” rating on shares of CMS Energy in a research note on Monday, December 9th. Citigroup lowered their price target on CMS Energy from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. ValuEngine cut CMS Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Credit Suisse Group cut CMS Energy from an “outperform” rating to a “neutral” rating in a report on Friday, January 17th. Finally, SunTrust Banks lifted their price objective on CMS Energy from $62.00 to $63.00 and gave the company a “hold” rating in a research note on Monday, September 30th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. CMS Energy presently has a consensus rating of “Hold” and a consensus target price of $65.25.

Shares of CMS stock traded up $0.68 during trading hours on Wednesday, hitting $67.70. 35,128 shares of the company’s stock were exchanged, compared to its average volume of 1,524,236. The firm has a 50 day moving average of $62.90 and a two-hundred day moving average of $61.90. CMS Energy has a fifty-two week low of $50.08 and a fifty-two week high of $67.12. The company has a quick ratio of 0.74, a current ratio of 1.06 and a debt-to-equity ratio of 2.43. The firm has a market cap of $18.89 billion, a P/E ratio of 30.91, a P/E/G ratio of 4.06 and a beta of 0.06.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 24th. The utilities provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06. CMS Energy had a return on equity of 12.80% and a net margin of 9.03%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company earned $0.59 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. On average, equities analysts forecast that CMS Energy will post 2.49 earnings per share for the current fiscal year.

In related news, SVP Dhenuvakonda Rao Venkat sold 750 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $63.44, for a total transaction of $47,580.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jon E. Barfield sold 8,390 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $60.75, for a total transaction of $509,692.50. The disclosure for this sale can be found here. Insiders have sold a total of 26,690 shares of company stock worth $1,651,360 over the last three months. Insiders own 0.52% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp boosted its holdings in CMS Energy by 1.1% during the third quarter. State Street Corp now owns 14,734,512 shares of the utilities provider’s stock worth $942,272,000 after purchasing an additional 164,375 shares during the last quarter. Pictet Asset Management Ltd. boosted its holdings in CMS Energy by 16.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 4,705,646 shares of the utilities provider’s stock valued at $300,926,000 after acquiring an additional 664,178 shares during the period. California Public Employees Retirement System boosted its holdings in CMS Energy by 9.3% during the 3rd quarter. California Public Employees Retirement System now owns 2,302,647 shares of the utilities provider’s stock valued at $147,254,000 after acquiring an additional 195,473 shares during the period. Millennium Management LLC boosted its holdings in CMS Energy by 37.3% during the 3rd quarter. Millennium Management LLC now owns 2,202,394 shares of the utilities provider’s stock valued at $140,843,000 after acquiring an additional 597,905 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in CMS Energy by 2.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,473,574 shares of the utilities provider’s stock valued at $85,335,000 after acquiring an additional 30,636 shares during the period. Hedge funds and other institutional investors own 92.12% of the company’s stock.

About CMS Energy

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.

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Analyst Recommendations for CMS Energy (NYSE:CMS)

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