CMS Energy (NYSE:CMS) PT Raised to $71.00 at BMO Capital Markets

CMS Energy (NYSE:CMS) had its price objective lifted by BMO Capital Markets from $68.00 to $71.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has an outperform rating on the utilities provider’s stock.

Several other research firms have also issued reports on CMS. Royal Bank of Canada dropped their price target on shares of CMS Energy from $65.00 to $63.00 and set an outperform rating for the company in a research report on Monday, March 4th. Scotiabank decreased their price objective on shares of CMS Energy from $67.00 to $66.00 and set a sector outperform rating on the stock in a research note on Monday, April 22nd. JPMorgan Chase & Co. upped their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the stock an overweight rating in a research note on Wednesday, March 13th. Guggenheim raised shares of CMS Energy from a neutral rating to a buy rating and upped their price objective for the stock from $60.00 to $64.00 in a research note on Friday, February 2nd. Finally, KeyCorp upped their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the stock an overweight rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $63.75.

CMS Energy Stock Up 0.1 %

Shares of CMS opened at $63.24 on Tuesday. The company has a 50-day simple moving average of $59.95 and a 200-day simple moving average of $58.28. The firm has a market capitalization of $18.85 billion, a P/E ratio of 19.28, a P/E/G ratio of 2.57 and a beta of 0.37. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.05 and a current ratio of 1.35. CMS Energy has a 52 week low of $49.87 and a 52 week high of $63.76.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities research analysts expect that CMS Energy will post 3.33 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a yield of 3.26%. CMS Energy’s payout ratio is presently 62.80%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the transaction, the senior vice president now directly 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 is available through this hyperlink. In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the sale, the senior vice president now directly owns 97,682 shares in the company, valued at $5,968,370.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total transaction of $202,230.00. Following the completion of the sale, the senior vice president now owns 68,971 shares in the company, valued at $3,985,144.38. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMS. Raymond James Financial Services Advisors Inc. increased its stake in CMS Energy by 2.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 38,038 shares of the utilities provider’s stock valued at $2,020,000 after buying an additional 1,028 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of CMS Energy in the 3rd quarter valued at about $343,000. Panagora Asset Management Inc. grew its position in shares of CMS Energy by 3.9% in the 3rd quarter. Panagora Asset Management Inc. now owns 74,627 shares of the utilities provider’s stock valued at $3,963,000 after acquiring an additional 2,784 shares during the period. Teacher Retirement System of Texas grew its position in shares of CMS Energy by 2.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 22,594 shares of the utilities provider’s stock valued at $1,200,000 after acquiring an additional 545 shares during the period. Finally, Alaska Permanent Fund Corp grew its position in shares of CMS Energy by 11.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 2,801 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 296 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.