CMS Energy (NYSE:CMS) Stock Price Expected to Rise, Barclays Analyst Says

CMS Energy (NYSE:CMS - Free Report) had its price target upped by Barclays from $77.00 to $78.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the utilities provider's stock.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley set a $71.00 price objective on CMS Energy and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Wall Street Zen raised CMS Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Scotiabank reissued an "outperform" rating and issued a $81.00 target price (up from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Jefferies Financial Group boosted their target price on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, BMO Capital Markets boosted their target price on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $77.25.

CMS Energy Trading Down 0.1%

Shares of CMS Energy stock traded down $0.05 during trading on Tuesday, reaching $72.84. 2,028,248 shares of the company were exchanged, compared to its average volume of 2,488,958. The company has a quick ratio of 0.84, a current ratio of 1.06 and a debt-to-equity ratio of 1.87. CMS Energy has a twelve month low of $62.73 and a twelve month high of $76.45. The business has a 50-day moving average price of $70.24 and a 200-day moving average price of $70.64. The firm has a market capitalization of $21.79 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 2.71 and a beta of 0.38.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the firm earned $0.97 earnings per share. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. Sell-side analysts anticipate that CMS Energy will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Friday, August 8th. CMS Energy's dividend payout ratio is presently 64.39%.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total value of $161,794.78. Following the sale, the senior vice president owned 69,571 shares of the company's stock, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On CMS Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of CMS. Price T Rowe Associates Inc. MD raised its position in CMS Energy by 32.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock valued at $950,227,000 after buying an additional 3,486,074 shares during the last quarter. Norges Bank bought a new stake in CMS Energy during the fourth quarter worth about $171,798,000. Massachusetts Financial Services Co. MA raised its holdings in CMS Energy by 28.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock worth $649,264,000 after acquiring an additional 2,131,269 shares in the last quarter. Nuveen LLC bought a new stake in CMS Energy during the first quarter worth about $106,745,000. Finally, Zimmer Partners LP bought a new stake in CMS Energy during the fourth quarter worth about $89,173,000. Institutional investors and hedge funds 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.