CMS Energy (NYSE:CMS) PT Raised to $66.00

CMS Energy (NYSE:CMS - Free Report) had its target price hoisted by KeyCorp from $65.00 to $66.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the utilities provider's stock.

Several other brokerages also recently weighed in on CMS. Guggenheim raised shares of CMS Energy from a neutral rating to a buy rating and increased their target price for the company from $60.00 to $64.00 in a research note on Friday, February 2nd. Barclays reduced their target price on shares of CMS Energy from $58.00 to $57.00 and set an equal weight rating on the stock in a research note on Monday. Royal Bank of Canada reduced their target price on shares of CMS Energy from $65.00 to $63.00 and set an outperform rating on the stock in a research note on Monday, March 4th. BMO Capital Markets increased their target price on shares of CMS Energy from $63.00 to $64.00 and gave the company an outperform rating in a research note on Wednesday. Finally, Wolfe Research raised shares of CMS Energy from a peer perform rating to an outperform rating and set a $62.00 target price on the stock in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $62.73.

CMS Energy Price Performance

CMS Energy stock traded up $1.07 during mid-day trading on Friday, reaching $59.55. 1,743,791 shares of the company's stock traded hands, compared to its average volume of 2,423,549. The company has a market cap of $17.78 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 2.26 and a beta of 0.38. The stock has a 50 day moving average of $58.44 and a two-hundred day moving average of $57.16. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.84. CMS Energy has a 12-month low of $49.87 and a 12-month high of $63.76.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.01. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.62 billion. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. CMS Energy's revenue was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Equities analysts forecast that CMS Energy will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Monday, February 12th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.46%. This is a boost from CMS Energy's previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, February 9th. CMS Energy's dividend payout ratio is presently 68.44%.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the transaction, the senior vice president now directly owns 68,971 shares in the company, valued at approximately $3,985,144.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. grew its holdings in CMS Energy by 68.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider's stock worth $3,721,000 after acquiring an additional 26,034 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in shares of CMS Energy by 49.9% during the third quarter. Epoch Investment Partners Inc. now owns 302,221 shares of the utilities provider's stock valued at $16,051,000 after buying an additional 100,618 shares during the last quarter. New England Asset Management Inc. lifted its position in shares of CMS Energy by 38.8% during the third quarter. New England Asset Management Inc. now owns 132,950 shares of the utilities provider's stock valued at $7,061,000 after buying an additional 37,147 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of CMS Energy during the fourth quarter valued at about $4,390,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of CMS Energy during the third quarter valued at about $4,209,000. 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.