CMS Energy (NYSE:CMS) PT Raised to $64.00 at BMO Capital Markets

CMS Energy (NYSE:CMS) had its price objective hoisted by BMO Capital Markets from $63.00 to $64.00 in a research report report published on Wednesday, Benzinga reports. They currently have an outperform rating on the utilities provider’s stock.

Several other equities research analysts also recently weighed in on CMS. Wolfe Research raised shares of CMS Energy from a peer perform rating to an outperform rating and set a $62.00 price target for the company in a research note on Tuesday, January 16th. Barclays decreased their price target on shares of CMS Energy from $58.00 to $57.00 and set an equal weight rating for the company in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of CMS Energy from $65.00 to $66.00 and gave the stock an overweight rating in a research report on Wednesday, March 13th. Guggenheim raised shares of CMS Energy from a neutral rating to a buy rating and boosted their target price for the stock from $60.00 to $64.00 in a research report on Friday, February 2nd. Finally, Seaport Res Ptn downgraded shares of CMS Energy from a buy rating to a neutral rating in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, CMS Energy has a consensus rating of Moderate Buy and an average price target of $62.64.

CMS Energy Price Performance

CMS stock opened at $58.25 on Wednesday. CMS Energy has a 12-month low of $49.87 and a 12-month high of $63.76. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.84. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.23 and a beta of 0.38. The company’s fifty day simple moving average is $58.32 and its 200 day simple moving average is $57.09.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share for the quarter, beating 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 firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The business’s revenue was down 14.4% compared to the same quarter last year. On average, analysts expect that CMS Energy will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Monday, February 12th were issued a dividend of $0.515 per share. The ex-dividend date was Friday, February 9th. This is a boost from CMS Energy’s previous quarterly dividend of $0.49. This represents a $2.06 annualized dividend and a yield of 3.54%. CMS Energy’s payout ratio 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 dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. grew its position in shares of CMS Energy by 68.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock valued at $3,721,000 after acquiring an additional 26,034 shares during the period. Epoch Investment Partners Inc. boosted its holdings in CMS Energy by 49.9% in the 3rd quarter. Epoch Investment Partners Inc. now owns 302,221 shares of the utilities provider’s stock worth $16,051,000 after buying an additional 100,618 shares during the period. New England Asset Management Inc. boosted its holdings in CMS Energy by 38.8% in the 3rd quarter. New England Asset Management Inc. now owns 132,950 shares of the utilities provider’s stock worth $7,061,000 after buying an additional 37,147 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in CMS Energy in the 3rd quarter worth approximately $4,209,000. Finally, Advisors Asset Management Inc. boosted its holdings in CMS Energy by 4.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 21,521 shares of the utilities provider’s stock worth $1,143,000 after buying an additional 957 shares during the period. 93.57% of the stock is owned by 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.