CMS Energy (NYSE:CMS) PT Raised to $68.00

CMS Energy (NYSE:CMS) had its target price increased by analysts at Barclays from $65.00 to $68.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price target points to a potential downside of 4.44% from the stock’s current price.

Several other equities analysts have also issued reports on CMS. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $76.00 to $72.00 in a report on Tuesday. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. KeyCorp boosted their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Bank of America boosted their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, Evercore ISI raised shares of CMS Energy to a “hold” rating in a research report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.85.

CMS Energy Price Performance

Shares of CMS stock opened at $71.16 on Tuesday. CMS Energy has a 12-month low of $52.12 and a 12-month high of $71.57. The firm has a market capitalization of $21.25 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The firm has a fifty day moving average of $68.76 and a 200-day moving average of $63.67.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. On average, equities research analysts forecast that CMS Energy will post 3.33 earnings per share for the current year.

Institutional Investors Weigh In On CMS Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp raised its holdings in shares of CMS Energy by 0.6% in the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after purchasing an additional 157 shares during the period. Continuum Advisory LLC raised its holdings in shares of CMS Energy by 9.6% in the 2nd quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 205 shares during the period. Tobam raised its holdings in shares of CMS Energy by 31.7% in the 3rd quarter. Tobam now owns 868 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 209 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of CMS Energy by 5.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider’s stock valued at $301,000 after purchasing an additional 215 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of CMS Energy by 6.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,767 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 236 shares during the period. 93.57% of the stock is owned by institutional investors.

CMS Energy Company Profile

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.