CMS Energy (NYSE:CMS) Price Target Increased to $68.00 by Analysts at Morgan Stanley

CMS Energy (NYSE:CMS) had its price target upped by Morgan Stanley from $63.00 to $68.00 in a report published on Wednesday, Benzinga reports. The firm currently has an equal weight rating on the utilities provider’s stock.

Other equities analysts have also issued reports about the stock. Scotiabank boosted their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the stock a sector outperform rating in a report on Tuesday, August 20th. StockNews.com upgraded CMS Energy from a sell rating to a hold rating in a research note on Monday, July 29th. Barclays upped their price target on CMS Energy from $60.00 to $65.00 and gave the company an equal weight rating in a report on Tuesday, August 13th. Guggenheim lifted their price objective on CMS Energy from $66.00 to $67.00 and gave the stock a buy rating in a report on Friday, July 26th. Finally, Bank of America upped their target price on shares of CMS Energy from $69.00 to $73.00 and gave the company a buy rating in a research note on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, CMS Energy currently has a consensus rating of Moderate Buy and an average target price of $68.17.

CMS Energy Trading Up 0.7 %

CMS Energy stock opened at $70.43 on Wednesday. CMS Energy has a 12 month low of $49.87 and a 12 month high of $71.02. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The business’s fifty day simple moving average is $66.94 and its two-hundred day simple moving average is $62.53. The company has a market capitalization of $21.03 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 2.80 and a beta of 0.40.

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

CMS Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 annualized dividend and a yield of 2.90%. CMS Energy’s payout ratio is presently 62.80%.

Institutional Investors Weigh In On CMS Energy

A number of hedge funds have recently modified their holdings of CMS. Scarborough Advisors LLC bought a new position in CMS Energy in the 4th quarter worth $29,000. Voisard Asset Management Group Inc. purchased a new stake in CMS Energy in the fourth quarter worth about $36,000. TruNorth Capital Management LLC raised its stake in shares of CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after buying an additional 578 shares during the period. Headlands Technologies LLC purchased a new position in shares of CMS Energy during the 1st quarter valued at about $43,000. Finally, Innealta Capital LLC bought a new position in shares of CMS Energy during the 2nd quarter valued at approximately $43,000. 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.