CMS Energy (NYSE:CMS) Price Target Increased to $65.00 by Analysts at Barclays

CMS Energy (NYSE:CMS) had its price objective lifted by equities research analysts at Barclays from $60.00 to $65.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price objective would suggest a potential downside of 1.19% from the company’s previous close.

A number of other research firms also recently commented on CMS. Guggenheim lifted their price objective on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Evercore ISI upgraded shares of CMS Energy to a “hold” rating in a research note on Friday, July 26th. BMO Capital Markets lifted their target price on CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Finally, KeyCorp upped their target price on CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.55.

CMS Energy Stock Up 0.6 %

Shares of CMS Energy stock opened at $65.79 on Tuesday. CMS Energy has a 1-year low of $49.87 and a 1-year high of $67.77. The company has a market capitalization of $19.65 billion, a PE ratio of 20.06, a P/E/G ratio of 2.64 and a beta of 0.38. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. The business has a 50-day moving average of $61.42 and a 200-day moving average of $60.07.

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

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total value of $99,986.66. Following the transaction, the senior vice president now owns 68,330 shares of the company’s stock, valued at $4,098,433.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other CMS Energy news, Director Jon E. Barfield sold 2,360 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the completion of the transaction, the director now directly owns 14,556 shares in the company, valued at $884,859.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the sale, the senior vice president now owns 68,330 shares in the company, valued at approximately $4,098,433.40. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On CMS Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in CMS Energy by 14.0% during the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock valued at $1,367,483,000 after acquiring an additional 2,786,071 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in CMS Energy by 101.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after purchasing an additional 3,473,977 shares in the last quarter. Capital International Investors increased its stake in CMS Energy by 24.8% in the 4th quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock valued at $360,537,000 after buying an additional 1,234,791 shares during the period. Capital Research Global Investors lifted its position in CMS Energy by 1.2% in the 4th 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. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of CMS Energy by 320.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock valued at $250,026,000 after buying an additional 3,282,697 shares during the period. 93.57% of the stock is currently owned by hedge funds and other 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.