CMS Energy (NYSE:CMS) PT Raised to $77.00

CMS Energy (NYSE:CMS) had its price target boosted by investment analysts at Wells Fargo & Company from $70.00 to $77.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 8.44% from the stock’s previous close.

Several other research analysts have also recently commented on the company. Morgan Stanley boosted their price objective on shares of CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. KeyCorp increased their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Scotiabank boosted their price target on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Finally, Guggenheim increased their price objective on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.85.

CMS Energy Stock Down 0.2 %

CMS opened at $71.01 on Wednesday. The firm has a market cap of $21.21 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 2.77 and a beta of 0.41. CMS Energy has a twelve month low of $52.12 and a twelve month high of $71.57. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. The firm’s 50-day simple moving average is $68.88 and its 200-day simple moving average is $63.72.

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

Institutional Trading of CMS Energy

Several large investors have recently added to or reduced their stakes in CMS. JPMorgan Chase & Co. raised its holdings in CMS Energy by 14.0% during the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after purchasing an additional 2,786,071 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in CMS Energy by 101.7% in 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 acquiring an additional 3,473,977 shares during the last quarter. iA Global Asset Management Inc. grew its stake in CMS Energy by 105.9% during the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock worth $92,623,000 after buying an additional 800,344 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of CMS Energy by 46.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,332,892 shares of the utilities provider’s stock worth $79,275,000 after buying an additional 421,059 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of CMS Energy by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock valued at $76,292,000 after acquiring an additional 233,633 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

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.