CMS Energy (NYSE:CMS) Price Target Raised to $80.00 at UBS Group

CMS Energy (NYSE:CMS) had its target price upped by UBS Group from $77.00 to $80.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the utilities provider’s stock.

Other equities research analysts have also issued reports about the stock. Morgan Stanley lowered their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Scotiabank increased their price target on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Guggenheim reissued a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $74.36.

CMS Energy Stock Down 0.3 %

Shares of CMS opened at $73.49 on Friday. CMS Energy has a fifty-two week low of $56.61 and a fifty-two week high of $75.06. The firm has a market cap of $21.96 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The company’s fifty day moving average is $69.81 and its two-hundred day moving average is $69.12.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Analysts forecast that CMS Energy will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were given a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.95%. CMS Energy’s payout ratio is 65.36%.

Insiders Place Their Bets

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura Wright sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the transaction, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,200 shares of company stock worth $789,532. Company insiders own 0.40% of the company’s stock.

Institutional Trading of CMS Energy

A number of institutional investors have recently added to or reduced their stakes in CMS. BankPlus Trust Department acquired a new stake in shares of CMS Energy in the 4th quarter valued at $29,000. Richardson Financial Services Inc. raised its holdings in CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after buying an additional 235 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after buying an additional 275 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of CMS Energy during the 3rd quarter worth about $40,000. Finally, Larson Financial Group LLC increased its holdings in shares of CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 696 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.