CMS Energy (NYSE:CMS) PT Set at $71.00 by Morgan Stanley

CMS Energy (NYSE:CMS - Get Free Report) received a $71.00 price target from equities researchers at Morgan Stanley in a research note issued to investors on Thursday, MarketBeat reports. The firm presently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's target price points to a potential upside of 1.56% from the stock's current price.

Several other research analysts have also weighed in on CMS. BMO Capital Markets boosted their price objective on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Jefferies Financial Group boosted their price objective on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. UBS Group upped their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, Evercore ISI upped their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $77.00.

CMS Energy Stock Up 0.4%

NYSE:CMS traded up $0.26 on Thursday, hitting $69.91. 672,096 shares of the company's stock were exchanged, compared to its average volume of 2,303,181. The firm has a 50-day moving average price of $72.37 and a 200-day moving average price of $69.93. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy has a 52 week low of $58.50 and a 52 week high of $76.45. The company has a market cap of $20.91 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share 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 analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share. As a group, analysts expect that CMS Energy will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. This trade represents a 2.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On CMS Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. increased its stake in shares of CMS Energy by 34.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,263 shares of the utilities provider's stock valued at $170,000 after purchasing an additional 578 shares during the last quarter. Focus Partners Wealth increased its stake in shares of CMS Energy by 4.5% in the 1st quarter. Focus Partners Wealth now owns 33,153 shares of the utilities provider's stock valued at $2,490,000 after purchasing an additional 1,428 shares during the last quarter. Jane Street Group LLC increased its stake in shares of CMS Energy by 503.4% in the 1st quarter. Jane Street Group LLC now owns 175,804 shares of the utilities provider's stock valued at $13,205,000 after purchasing an additional 146,667 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of CMS Energy by 29.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,407,152 shares of the utilities provider's stock valued at $255,911,000 after purchasing an additional 783,077 shares during the last quarter. Finally, Woodline Partners LP increased its stake in shares of CMS Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider's stock valued at $1,896,000 after purchasing an additional 7,300 shares during the last quarter. 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.