CMS Energy (NYSE:CMS) PT Lowered to $58.00

CMS Energy (NYSE:CMS) had its target price cut by Morgan Stanley from $61.00 to $58.00 in a research note issued to investors on Monday, Benzinga reports. They currently have an equal weight rating on the utilities provider’s stock.

A number of other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on CMS Energy from $65.00 to $66.00 and gave the company an overweight rating in a report on Wednesday, March 13th. BMO Capital Markets raised their target price on shares of CMS Energy from $68.00 to $71.00 and gave the company an outperform rating in a research note on Tuesday, May 14th. Royal Bank of Canada lowered their price target on CMS Energy from $65.00 to $63.00 and set an outperform rating for the company in a report on Monday, March 4th. 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. Finally, Barclays lifted their price objective on shares of CMS Energy from $57.00 to $59.00 and gave the company an equal weight rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $64.20.

CMS Energy Stock Performance

NYSE:CMS opened at $59.98 on Monday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.05. The firm has a market cap of $17.88 billion, a PE ratio of 18.27, a P/E/G ratio of 2.35 and a beta of 0.40. The firm has a 50 day simple moving average of $61.04 and a 200-day simple moving average of $59.11. CMS Energy has a 1-year low of $49.87 and a 1-year high of $63.76.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 EPS. On average, equities analysts expect that CMS Energy will post 3.33 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Tuesday, May 14th. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Insider Buying and Selling

In other news, Director Jon E. Barfield sold 2,360 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the transaction, the director now directly owns 14,556 shares of the company’s stock, valued at $884,859.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jon E. Barfield sold 2,360 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the transaction, the director now owns 14,556 shares of the company’s stock, valued at $884,859.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the sale, the senior vice president now directly owns 68,330 shares in the company, valued at approximately $4,098,433.40. The disclosure for this sale can be found here. Insiders have sold a total of 6,027 shares of company stock worth $365,651 over the last quarter. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CMS. Benjamin F. Edwards & Company Inc. boosted its position in shares of CMS Energy by 30.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 185 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of CMS Energy by 0.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 20,607 shares of the utilities provider’s stock worth $1,228,000 after purchasing an additional 192 shares during the period. Parallel Advisors LLC lifted its holdings in shares of CMS Energy by 19.8% during the fourth quarter. Parallel Advisors LLC now owns 1,458 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 241 shares during the last quarter. IFM Investors Pty Ltd boosted its position in shares of CMS Energy by 0.3% in the 4th quarter. IFM Investors Pty Ltd now owns 97,475 shares of the utilities provider’s stock valued at $5,660,000 after purchasing an additional 269 shares during the period. Finally, Industrial Alliance Investment Management Inc. increased its stake in CMS Energy by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 8,680 shares of the utilities provider’s stock worth $524,000 after purchasing an additional 270 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

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.