CMS Energy (NYSE:CMS) Price Target Lowered to $58.00 at Morgan Stanley

CMS Energy (NYSE:CMS) had its target price reduced by Morgan Stanley from $61.00 to $58.00 in a research report released on Monday morning, Benzinga reports. They currently have an equal weight rating on the utilities provider’s stock.

A number of other equities analysts also recently weighed in on CMS. JPMorgan Chase & Co. boosted their price target on shares of CMS Energy from $65.00 to $66.00 and gave the stock an overweight rating in a report on Wednesday, March 13th. BMO Capital Markets boosted their price objective on CMS Energy from $68.00 to $71.00 and gave the company an outperform rating in a research note on Tuesday, May 14th. KeyCorp boosted their price objective on CMS Energy from $66.00 to $68.00 and gave the company an overweight rating in a research note on Monday, May 20th. UBS Group cut CMS Energy from a buy rating to a neutral rating and set a $65.00 price objective on the stock. in a research note on Thursday, April 4th. Finally, Barclays upped their price target on CMS Energy from $57.00 to $59.00 and gave the company an equal weight rating in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of Moderate Buy and a consensus target price of $64.00.

CMS Energy Price Performance

CMS opened at $60.77 on Monday. The firm’s fifty day moving average price is $60.97 and its two-hundred day moving average price is $59.09. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.05. The company has a market capitalization of $18.11 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 2.37 and a beta of 0.40. CMS Energy has a 1 year low of $49.87 and a 1 year high of $63.76.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. As a group, analysts anticipate that CMS Energy will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Tuesday, May 14th. CMS Energy’s payout ratio is 62.80%.

Insider Transactions at CMS Energy

In other news, Director Jon E. Barfield sold 2,360 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the transaction, the director now owns 14,556 shares of the company’s stock, valued at $884,859.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the sale, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jon E. Barfield sold 2,360 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $60.79, for a total value of $143,464.40. Following the completion of the sale, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $884,859.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,027 shares of company stock valued at $365,651. 0.40% of the stock is owned by corporate insiders.

Institutional Trading of CMS Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in CMS Energy by 14.0% in the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after buying an additional 2,786,071 shares in the last quarter. Capital International Investors boosted its stake in CMS Energy by 24.8% in the fourth quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock worth $360,537,000 after buying an additional 1,234,791 shares in the last quarter. Capital Research Global Investors boosted its stake in CMS Energy by 1.2% in the fourth quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock worth $324,817,000 after buying an additional 65,966 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in CMS Energy by 320.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock worth $250,026,000 after buying an additional 3,282,697 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in CMS Energy by 34.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,456,713 shares of the utilities provider’s stock worth $200,731,000 after buying an additional 883,180 shares in the last quarter. Hedge funds and other institutional investors 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.