CMS Energy (NYSE:CMS) PT Lowered to $57.00

CMS Energy (NYSE:CMS - Get Free Report) had its target price cut by Barclays from $58.00 to $57.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an "equal weight" rating on the utilities provider's stock. Barclays's target price would suggest a potential downside of 1.06% from the stock's current price.

Several other equities analysts have also recently weighed in on the stock. Seaport Res Ptn cut shares of CMS Energy from a "buy" rating to a "neutral" rating in a research report on Monday, January 8th. KeyCorp upped their price target on CMS Energy from $60.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, January 4th. JPMorgan Chase & Co. upped their price target on CMS Energy from $65.00 to $66.00 and gave the company an "overweight" rating in a research report on Wednesday, March 13th. Royal Bank of Canada dropped their price objective on CMS Energy from $65.00 to $63.00 and set an "outperform" rating on the stock in a report on Monday, March 4th. Finally, BMO Capital Markets decreased their target price on CMS Energy from $65.00 to $63.00 and set an "outperform" rating on the stock in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $62.55.

CMS Energy Stock Performance

NYSE CMS traded down $0.05 during trading on Monday, reaching $57.61. 2,248,364 shares of the company's stock were exchanged, compared to its average volume of 2,445,740. CMS Energy has a fifty-two week low of $49.87 and a fifty-two week high of $63.76. The business has a 50 day moving average price of $58.26 and a 200-day moving average price of $57.02. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.98 and a quick ratio of 0.66. The stock has a market capitalization of $17.20 billion, a P/E ratio of 19.13, a PEG ratio of 2.23 and a beta of 0.38.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.01. CMS Energy had a return on equity of 12.09% and a net margin of 11.89%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. The firm's quarterly revenue was down 14.4% compared to the same quarter last year. Sell-side analysts forecast that CMS Energy will post 3.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total transaction of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares of the company's stock, valued at $3,985,144.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by insiders.

Institutional Trading of CMS Energy

Hedge funds have recently bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of CMS Energy by 320.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider's stock valued at $250,026,000 after purchasing an additional 3,282,697 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of CMS Energy in the 1st quarter valued at $188,418,000. Norges Bank acquired a new position in shares of CMS Energy in the 4th quarter valued at $111,004,000. Morgan Stanley increased its position in shares of CMS Energy by 75.0% in the 4th quarter. Morgan Stanley now owns 4,457,642 shares of the utilities provider's stock valued at $282,303,000 after acquiring an additional 1,910,519 shares during the period. Finally, American Century Companies Inc. increased its position in shares of CMS Energy by 6,027.8% in the 3rd quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider's stock valued at $92,453,000 after acquiring an additional 1,712,368 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

About CMS Energy

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.