Evercore ISI Increases CMS Energy (NYSE:CMS) Price Target to $76.00

CMS Energy (NYSE:CMS) had its target price upped by equities researchers at Evercore ISI from $73.00 to $76.00 in a report released on Monday,Benzinga reports. The firm presently has an “in-line” rating on the utilities provider’s stock. Evercore ISI’s target price indicates a potential upside of 5.59% from the company’s current price.

CMS has been the subject of a number of other reports. Wells Fargo & Company lifted their price target on CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday. StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 18th. Guggenheim restated a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. BMO Capital Markets lowered their price target on CMS Energy from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Finally, Bank of America raised their target price on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $76.50.

CMS Energy Stock Down 0.3 %

NYSE:CMS traded down $0.21 during trading hours on Monday, hitting $71.98. The stock had a trading volume of 164,799 shares, compared to its average volume of 2,547,415. The business has a 50 day simple moving average of $72.73 and a two-hundred day simple moving average of $69.67. CMS Energy has a 1-year low of $58.50 and a 1-year high of $76.45. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The company has a market cap of $21.51 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Analysts predict that CMS Energy will post 3.59 EPS for the current year.

Insider Activity at CMS Energy

In other news, Director Laura Wright sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was 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 directly owns 38,790 shares of the company’s stock, valued at $2,709,093.60. This represents a 6.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock valued at $789,532 in the last ninety days. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Hedge funds have recently bought and sold shares of the company. DAVENPORT & Co LLC lifted its holdings in shares of CMS Energy by 24.5% in the first quarter. DAVENPORT & Co LLC now owns 4,504 shares of the utilities provider’s stock valued at $338,000 after purchasing an additional 885 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of CMS Energy by 1.7% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,010 shares of the utilities provider’s stock worth $3,681,000 after acquiring an additional 799 shares during the period. Cidel Asset Management Inc. lifted its holdings in CMS Energy by 45.2% during the 1st quarter. Cidel Asset Management Inc. now owns 276,943 shares of the utilities provider’s stock worth $20,801,000 after purchasing an additional 86,154 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in CMS Energy by 9.4% in the 1st quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider’s stock valued at $350,000 after buying an additional 400 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of CMS Energy by 94.2% during the first quarter. Mather Group LLC. now owns 7,762 shares of the utilities provider’s stock worth $583,000 after buying an additional 3,766 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.