CMS Energy (NYSE:CMS) Price Target Raised to $68.00 at BMO Capital Markets

CMS Energy (NYSE:CMS - Free Report) had its price target upped by BMO Capital Markets from $67.00 to $68.00 in a report released on Friday, Benzinga reports. They currently have an outperform rating on the utilities provider's stock.

A number of other equities research analysts have also issued reports on the company. Seaport Res Ptn lowered CMS Energy from a buy rating to a neutral rating in a research report on Monday, January 8th. UBS Group lowered CMS Energy from a buy rating to a neutral rating and set a $65.00 price target for the company. in a research report on Thursday, April 4th. Scotiabank dropped their price target on CMS Energy from $67.00 to $66.00 and set a sector outperform rating for the company in a research report on Monday. Royal Bank of Canada dropped their price target on CMS Energy from $65.00 to $63.00 and set an outperform rating for the company in a research report on Monday, March 4th. Finally, Wolfe Research upgraded CMS Energy from a peer perform rating to an outperform rating and set a $62.00 price objective for the company in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, CMS Energy currently has a consensus rating of Moderate Buy and an average target price of $63.33.

CMS Energy Price Performance

NYSE:CMS traded down $1.13 during trading hours on Friday, hitting $59.35. 2,386,366 shares of the stock were exchanged, compared to its average volume of 2,514,217. CMS Energy has a 52-week low of $49.87 and a 52-week high of $63.76. The firm's fifty day moving average price is $58.76 and its 200 day moving average price is $57.42. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The company has a market cap of $17.72 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.34 and a beta of 0.38.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. CMS Energy had a return on equity of 12.09% and a net margin of 11.89%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the business earned $0.70 EPS. CMS Energy's quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that CMS Energy will post 3.33 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy's dividend payout ratio (DPR) is 68.44%.

Insiders Place Their Bets

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

Institutional Trading of CMS Energy

Several hedge funds have recently modified their holdings of CMS. Exchange Traded Concepts LLC raised its stake in CMS Energy by 4.5% in the third quarter. Exchange Traded Concepts LLC now owns 10,379 shares of the utilities provider's stock valued at $551,000 after buying an additional 449 shares in the last quarter. Advisory Alpha LLC acquired a new stake in CMS Energy in the third quarter valued at $269,000. Czech National Bank raised its stake in CMS Energy by 47.7% in the third quarter. Czech National Bank now owns 50,987 shares of the utilities provider's stock valued at $2,708,000 after buying an additional 16,461 shares in the last quarter. Ballentine Partners LLC raised its stake in CMS Energy by 11.2% in the third quarter. Ballentine Partners LLC now owns 4,450 shares of the utilities provider's stock valued at $236,000 after buying an additional 448 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of CMS Energy by 3.0% during the third quarter. Commonwealth Equity Services LLC now owns 69,060 shares of the utilities provider's stock worth $3,668,000 after purchasing an additional 1,998 shares during 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.