CMS Energy (NYSE:CMS) PT Raised to $76.00

CMS Energy (NYSE:CMS) had its target price upped by BMO Capital Markets from $69.00 to $76.00 in a report released on Monday, Benzinga reports. The firm currently has an outperform rating on the utilities provider’s stock.

CMS has been the topic of several other reports. Wells Fargo & Company raised their price objective on shares of CMS Energy from $66.00 to $70.00 and gave the company an overweight rating in a research report on Friday, July 26th. Scotiabank boosted their price objective on CMS Energy from $66.00 to $75.00 and gave the company a sector outperform rating in a research report on Tuesday, August 20th. StockNews.com upgraded CMS Energy from a sell rating to a hold rating in a research report on Monday, July 29th. Barclays boosted their price target on CMS Energy from $60.00 to $65.00 and gave the stock an equal weight rating in a report on Tuesday, August 13th. Finally, Morgan Stanley increased their price objective on shares of CMS Energy from $63.00 to $68.00 and gave the company an equal weight rating in a report on Wednesday, September 25th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $69.38.

CMS Energy Stock Performance

NYSE:CMS opened at $71.14 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. The stock has a 50-day simple moving average of $67.83 and a two-hundred day simple moving average of $62.95. The firm has a market capitalization of $21.24 billion, a PE ratio of 21.69, a P/E/G ratio of 2.80 and a beta of 0.40. CMS Energy has a 52-week low of $50.70 and a 52-week high of $71.57.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the company posted $0.75 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts forecast that CMS Energy will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, August 2nd. CMS Energy’s dividend payout ratio is 62.80%.

Institutional Investors Weigh In On CMS Energy

Several large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its position in CMS Energy by 54.3% during the third quarter. SG Americas Securities LLC now owns 153,165 shares of the utilities provider’s stock valued at $10,818,000 after acquiring an additional 53,907 shares during the last quarter. Czech National Bank boosted its position in shares of CMS Energy by 6.9% during the third quarter. Czech National Bank now owns 60,854 shares of the utilities provider’s stock valued at $4,298,000 after buying an additional 3,947 shares during the period. Sanctuary Advisors LLC bought a new position in shares of CMS Energy during the second quarter valued at approximately $1,539,000. Cetera Investment Advisers raised its holdings in shares of CMS Energy by 6.2% in the second quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider’s stock worth $1,658,000 after buying an additional 1,631 shares during the period. Finally, Advisory Alpha LLC boosted its holdings in CMS Energy by 15.3% during the 2nd quarter. Advisory Alpha LLC now owns 6,619 shares of the utilities provider’s stock valued at $394,000 after acquiring an additional 878 shares during the period. 93.57% of the stock is owned by institutional investors.

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.