CMS Energy (NYSE: CMS)BMO’s stock had its “buy” rating restated by equity research analysts at BMO Capital Markets in a report released on Friday, TipRanks reports. They currently have a target price of $70.00 on shares of the utility provider. BMO Capital Markets’ price target indicates a potential upside of 8.21% from the company’s current price.
Other analysts have also recently released reports on the company. KeyCorp raised its price target on CMS Energy from $67.00 to $68.00 and gave the stock an “overweight” rating in a Thursday, January 13 report. Morgan Stanley lowered its price target on CMS Energy from $64.00 to $63.00 and set an “equal weight” rating on the stock in a Thursday, Jan. 6, report. UBS Group raised its price target on CMS Energy from $65.00 to $69.00 and gave the stock a “neutral” rating in a Thursday, December 23 report. Finally, Bank of America downgraded CMS Energy from a “buy” rating to a “neutral” rating and raised its price target for the company from $65.00 to $67.00 in a Friday, Dec. 17 report. One financial analyst gave the stock a sell rating, six gave the company a hold rating and six gave the company a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $67.64.
NYSE CMS was up $0.04 during Friday trading hours, hitting $64.69. The company’s stock had a trading volume of 43,530 shares, compared to its average volume of 1,773,724. The company’s 50-day moving average price is $63.36 and its 200-day moving average price days is $62.37. The company has a quick ratio of 0.53, a current ratio of 0.76 and a debt ratio of 1.88. CMS Energy has a 1-year low of $53.19 and a 1-year high of $65.79. The company has a market capitalization of $18.74 billion, a price-earnings ratio of 21.48, a PEG ratio of 3.22 and a beta of 0.25.
CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, February 3. The utility provider reported earnings per share (EPS) of $0.47 for the quarter, beating Thomson Reuters consensus estimate of $0.44 by $0.03. The company posted revenue of $2.03 billion for the quarter, versus $1.78 billion expected by analysts. CMS Energy achieved a return on equity of 13.05% and a net margin of 12.17%. The company’s revenue for the quarter increased 17.7% year over year. During the same period of the previous year, the company achieved EPS of $0.56. Equity research analysts expect CMS Energy to post EPS of 2.65 for the current fiscal year.
In other CMS Energy news, please Brian F.Rich sold 3,500 shares of the company in a trade on Wednesday, November 17. The stock was sold at an average price of $60.32, for a total value of $211,120.00. The sale was disclosed in an SEC filing, available at the SEC website. Company insiders own 0.36% of the company’s shares.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Dividend Assets Capital LLC increased its position in CMS Energy shares by 4.0% during the third quarter. Dividend Assets Capital LLC now owns 4,669 shares of the utility provider worth $279,000 after buying 179 additional shares in the last quarter. Mirador Capital Partners LP increased its position in CMS Energy shares by 3.0% during the third quarter. Mirador Capital Partners LP now owns 6,401 shares of the utility provider worth $382,000 after buying 185 additional shares last quarter. Utah Retirement Systems increased its position in CMS Energy shares by 0.4% during the second quarter. Utah Retirement Systems now owns 54,908 shares of the utility provider worth $3,244,000 after buying 200 more shares last quarter. Louisiana State Employees Retirement System increased its position in CMS Energy shares by 1.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the utility provider worth $1,184,000 after buying 200 more shares last quarter. Finally, Seeyond increased its stake in CMS Energy shares by 0.4% during the 2nd quarter. Seeyond now owns 45,576 shares of the utility provider worth $2,692,000 after buying 204 more shares in the last quarter. 90.90% of the shares are currently held by institutional investors and hedge funds.
About CMS Energy
CMS Energy Corp. is a holding company which operates through its subsidiaries. It operates through the following business segments: Electric Utility, Gas Utility and Enterprises. The Electric Utilities segment is engaged in the generation, purchase, transmission, distribution and sale of electricity.
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