UBS Group Issues Positive Forecast for CMS Energy (NYSE:CMS) Stock Price

CMS Energy (NYSE:CMS) had its target price lifted by equities researchers at UBS Group from $77.00 to $80.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. UBS Group’s target price indicates a potential upside of 9.09% from the stock’s current price.

A number of other equities analysts have also weighed in on CMS. Scotiabank upped their price objective on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Morgan Stanley cut their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Finally, Guggenheim reiterated a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.36.

CMS Energy Stock Performance

Shares of NYSE CMS traded down $0.36 during trading on Friday, hitting $73.34. The company had a trading volume of 573,917 shares, compared to its average volume of 2,124,969. CMS Energy has a 12 month low of $56.61 and a 12 month high of $75.06. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The firm has a market capitalization of $21.91 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. The stock has a 50 day simple moving average of $69.65 and a 200 day simple moving average of $69.07.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. As a group, analysts anticipate that CMS Energy will post 3.59 earnings per share for the current year.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the transaction, the senior vice president now directly owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the sale, the director now owns 38,790 shares of the company’s stock, valued at $2,709,093.60. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,200 shares of company stock worth $789,532. 0.40% of the stock is currently owned by insiders.

Institutional Trading of CMS Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mattson Financial Services LLC boosted its stake in shares of CMS Energy by 811.2% during the fourth quarter. Mattson Financial Services LLC now owns 1,631 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 1,452 shares in the last quarter. Siemens Fonds Invest GmbH boosted its position in CMS Energy by 25.4% during the 4th quarter. Siemens Fonds Invest GmbH now owns 4,048 shares of the utilities provider’s stock valued at $270,000 after acquiring an additional 819 shares in the last quarter. Cim LLC increased its holdings in shares of CMS Energy by 2.0% in the 4th quarter. Cim LLC now owns 18,068 shares of the utilities provider’s stock valued at $1,204,000 after acquiring an additional 346 shares during the period. Brooklyn FI LLC purchased a new stake in shares of CMS Energy during the 4th quarter worth $308,000. Finally, LifeWealth Investments LLC bought a new stake in CMS Energy during the fourth quarter valued at about $322,000. 93.57% of the stock is currently owned by 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.