CMS Energy (NYSE:CMS) Price Target Raised to $80.00

CMS Energy (NYSE:CMS) had its target price boosted by BMO Capital Markets from $73.00 to $80.00 in a research report released on Monday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the utilities provider’s stock.

A number of other research analysts have also recently issued reports on the stock. Scotiabank raised their price target on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. UBS Group lifted their price target on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday. Guggenheim reissued a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Finally, Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.36.

CMS Energy Trading Down 0.5 %

Shares of NYSE:CMS opened at $73.17 on Monday. The business’s 50-day moving average is $69.98 and its 200 day moving average is $69.15. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy has a 1 year low of $56.61 and a 1 year high of $75.06. The firm has a market capitalization of $21.86 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. On average, research analysts predict that CMS Energy will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were issued a $0.5425 dividend. The ex-dividend date was Friday, February 14th. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 2.97%. CMS Energy’s payout ratio is presently 65.36%.

Insiders Place Their Bets

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Laura Wright sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, the director now owns 38,790 shares in the company, valued at approximately $2,709,093.60. This represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,200 shares of company stock worth $789,532. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On CMS Energy

Hedge funds have recently bought and sold shares of the business. Smith Group Asset Management LLC purchased a new stake in shares of CMS Energy in the fourth quarter valued at approximately $333,000. Hennion & Walsh Asset Management Inc. increased its holdings in CMS Energy by 39.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock worth $1,342,000 after acquiring an additional 5,662 shares in the last quarter. Commonwealth Equity Services LLC raised its position in CMS Energy by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider’s stock worth $5,103,000 after acquiring an additional 392 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in CMS Energy by 49.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider’s stock worth $1,787,000 after acquiring an additional 8,927 shares during the period. Finally, Hennessy Advisors Inc. lifted its holdings in CMS Energy by 2.7% during the fourth quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider’s stock valued at $11,377,000 after purchasing an additional 4,500 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.