CMS Energy (NYSE:CMS) Stock Price Expected to Rise, Bank of America Analyst Says

CMS Energy (NYSE:CMS) had its price target raised by equities research analysts at Bank of America from $73.00 to $80.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. Bank of America‘s price target suggests a potential upside of 8.87% from the company’s current price.

Several other research firms also recently commented on CMS. Scotiabank boosted their price objective on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. UBS Group boosted 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. Guggenheim reaffirmed a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and an average price target of $75.36.

CMS Energy Stock Down 0.3 %

Shares of NYSE CMS opened at $73.49 on Monday. 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 firm has a market cap of $21.96 billion, a PE ratio of 22.13, a P/E/G ratio of 2.56 and a beta of 0.35. The company’s fifty day simple moving average is $69.81 and its 200 day simple moving average is $69.12. CMS Energy has a 12-month low of $56.61 and a 12-month high of $75.06.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that CMS Energy will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at CMS Energy

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the business’s stock in a transaction dated 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 directly owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock worth $789,532 in the last quarter. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of CMS Energy

A number of large investors have recently bought and sold shares of CMS. Mattson Financial Services LLC lifted its position in shares of CMS Energy by 811.2% during the 4th quarter. Mattson Financial Services LLC now owns 1,631 shares of the utilities provider’s stock valued at $115,000 after buying an additional 1,452 shares during the last quarter. Siemens Fonds Invest GmbH lifted its holdings in CMS Energy by 25.4% during the fourth quarter. Siemens Fonds Invest GmbH now owns 4,048 shares of the utilities provider’s stock valued at $270,000 after purchasing an additional 819 shares during the last quarter. Cim LLC increased its stake in shares of CMS Energy by 2.0% in the fourth quarter. Cim LLC now owns 18,068 shares of the utilities provider’s stock worth $1,204,000 after purchasing an additional 346 shares in the last quarter. Brooklyn FI LLC bought a new stake in CMS Energy during the 4th quarter valued at $308,000. Finally, LifeWealth Investments LLC purchased a new position in shares of CMS Energy in the fourth quarter valued at $322,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

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.