CMS Energy (CMS) PT Raised to $46.00 at KeyCorp

CMS Energy (NYSE:CMS) had its price target lifted by equities researchers at KeyCorp from $45.00 to $46.00 in a report issued on Wednesday. The brokerage currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target suggests a potential upside of 1.39% from the company’s previous close.

Other research analysts also recently issued reports about the stock. UBS began coverage on shares of CMS Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $49.00 price objective on the stock. SunTrust Banks reaffirmed a “hold” rating and issued a $45.00 target price on shares of CMS Energy in a report on Monday, March 26th. Zacks Investment Research downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Morgan Stanley lowered their target price on shares of CMS Energy from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th. Finally, Hilliard Lyons raised shares of CMS Energy from a “neutral” rating to a “buy” rating in a report on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $48.15.

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Shares of CMS Energy stock opened at $45.37 on Wednesday. CMS Energy has a 1 year low of $40.48 and a 1 year high of $50.85. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 2.06. The firm has a market cap of $12,728.69, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 3.05 and a beta of 0.07.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Wednesday, February 14th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. CMS Energy had a net margin of 6.99% and a return on equity of 13.60%. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the firm posted $0.29 EPS. CMS Energy’s revenue for the quarter was up 8.4% on a year-over-year basis. research analysts forecast that CMS Energy will post 2.33 EPS for the current year.

In related news, SVP Catherine M. Reynolds sold 8,310 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $43.40, for a total value of $360,654.00. Following the completion of the sale, the senior vice president now owns 126,810 shares in the company, valued at $5,503,554. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CMS. BlackRock Inc. lifted its stake in shares of CMS Energy by 8.6% in the fourth quarter. BlackRock Inc. now owns 27,534,036 shares of the utilities provider’s stock valued at $1,302,359,000 after purchasing an additional 2,182,812 shares during the period. Renaissance Technologies LLC lifted its stake in shares of CMS Energy by 69.8% in the fourth quarter. Renaissance Technologies LLC now owns 3,234,500 shares of the utilities provider’s stock valued at $152,992,000 after purchasing an additional 1,329,800 shares during the period. Zimmer Partners LP lifted its stake in shares of CMS Energy by 185.9% in the fourth quarter. Zimmer Partners LP now owns 1,365,000 shares of the utilities provider’s stock valued at $64,565,000 after purchasing an additional 887,500 shares during the period. Wells Fargo & Company MN lifted its stake in shares of CMS Energy by 83.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,639,852 shares of the utilities provider’s stock valued at $77,565,000 after purchasing an additional 744,878 shares during the period. Finally, Brookfield Asset Management Inc. lifted its stake in shares of CMS Energy by 56.7% in the fourth quarter. Brookfield Asset Management Inc. now owns 1,534,959 shares of the utilities provider’s stock valued at $72,604,000 after purchasing an additional 555,100 shares during the period. Hedge funds and other institutional investors own 88.27% of the company’s stock.

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CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

Analyst Recommendations for CMS Energy (NYSE:CMS)

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