CMS Energy (NYSE:CMS) received a $44.00 target price from investment analysts at SunTrust Banks in a report released on Monday. The brokerage currently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ target price suggests a potential upside of 3.12% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Bank of America started coverage on CMS Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 price objective for the company. KeyCorp reissued a “buy” rating and issued a $51.00 price objective on shares of CMS Energy in a research report on Friday, October 20th. Morgan Stanley reissued an “equal weight” rating and issued a $52.00 price objective on shares of CMS Energy in a research report on Wednesday, December 13th. Zacks Investment Research raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Guggenheim restated a “hold” rating and issued a $50.00 target price on shares of CMS Energy in a research note on Wednesday, January 3rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.05.

CMS Energy (CMS) traded down $0.12 on Monday, hitting $42.67. The stock had a trading volume of 568,775 shares, compared to its average volume of 2,931,598. CMS Energy has a 12 month low of $40.48 and a 12 month high of $50.85. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $12,070.00, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.87 and a beta of 0.09.

In related news, insider David G. Mengebier sold 2,500 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $49.48, for a total value of $123,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Shell Asset Management Co. raised its stake in CMS Energy by 12.3% during the third quarter. Shell Asset Management Co. now owns 81,839 shares of the utilities provider’s stock worth $2,427,000 after acquiring an additional 8,976 shares in the last quarter. Toronto Dominion Bank raised its stake in CMS Energy by 18.4% during the third quarter. Toronto Dominion Bank now owns 106,908 shares of the utilities provider’s stock worth $4,951,000 after acquiring an additional 16,607 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in CMS Energy by 8.9% during the third quarter. Canada Pension Plan Investment Board now owns 965,860 shares of the utilities provider’s stock worth $44,739,000 after acquiring an additional 79,200 shares in the last quarter. Janus Henderson Group PLC raised its stake in CMS Energy by 23.6% during the third quarter. Janus Henderson Group PLC now owns 1,610,745 shares of the utilities provider’s stock worth $74,609,000 after acquiring an additional 307,776 shares in the last quarter. Finally, Scout Investments Inc. acquired a new position in CMS Energy during the third quarter worth $7,003,000. Institutional investors and hedge funds own 87.33% of the company’s stock.

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About CMS Energy

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 (NYSE:CMS)

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