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

CMS Energy (NYSE:CMS) had its price target hoisted by KeyCorp from $65.00 to $66.00 in a report released on Friday morning, Benzinga reports. KeyCorp currently has an overweight rating on the utilities provider’s stock.

A number of other research firms also recently weighed in on CMS. UBS Group downgraded CMS Energy from a buy rating to a neutral rating and set a $65.00 target price for the company. in a research report on Thursday, April 4th. Wolfe Research raised shares of CMS Energy from a peer perform rating to an outperform rating and set a $62.00 price objective on the stock in a research note on Tuesday, January 16th. JPMorgan Chase & Co. lifted their target price on shares of CMS Energy from $65.00 to $66.00 and gave the stock an overweight rating in a report on Wednesday, March 13th. Barclays reduced their price target on CMS Energy from $58.00 to $57.00 and set an equal weight rating on the stock in a research report on Monday, April 15th. Finally, BMO Capital Markets increased their price target on shares of CMS Energy from $63.00 to $64.00 and gave the company an outperform rating in a research report on Wednesday, April 17th. One 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $63.00.

CMS Energy Stock Up 0.7 %

NYSE CMS opened at $60.00 on Friday. 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 firm has a market cap of $17.92 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.31 and a beta of 0.38. The stock’s 50 day simple moving average is $58.50 and its 200 day simple moving average is $57.29. CMS Energy has a one year low of $49.87 and a one year high of $63.76.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. 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 company earned $0.60 EPS. The firm’s quarterly revenue was down 14.4% on a year-over-year basis. As a group, sell-side analysts forecast that CMS Energy will post 3.33 earnings per share 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. Stockholders of record on Wednesday, May 15th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.43%. CMS Energy’s dividend payout ratio (DPR) is 68.44%.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the business’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 value of $202,230.00. Following the sale, the senior vice president now owns 68,971 shares in the company, valued at approximately $3,985,144.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CMS Energy

A number of large investors have recently modified their holdings of the business. Capital International Investors increased its position in shares of CMS Energy by 24.8% in the fourth quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock valued at $360,537,000 after acquiring an additional 1,234,791 shares during the last quarter. Capital Research Global Investors increased its position in shares of CMS Energy by 1.2% during the 4th quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock worth $324,817,000 after purchasing an additional 65,966 shares during the last quarter. Invesco Ltd. raised its stake in shares of CMS Energy by 7.3% during the 3rd quarter. Invesco Ltd. now owns 4,663,108 shares of the utilities provider’s stock worth $247,658,000 after purchasing an additional 317,682 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of CMS Energy by 320.9% in 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 buying an additional 3,282,697 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy by 34.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,456,713 shares of the utilities provider’s stock valued at $200,731,000 after buying an additional 883,180 shares in 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.