BMO Capital Markets Has Lowered Expectations for CMS Energy (NYSE:CMS) Stock Price

CMS Energy (NYSE:CMS) had its price target lowered by investment analysts at BMO Capital Markets from $80.00 to $77.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 5.15% from the company’s previous close.

A number of other research analysts have also recently weighed in on CMS. UBS Group raised their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Bank of America lifted their target price on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Guggenheim reaffirmed a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.09.

CMS Energy Trading Up 2.0 %

CMS stock traded up $1.41 during midday trading on Monday, hitting $73.23. 331,005 shares of the company’s stock were exchanged, compared to its average volume of 2,264,265. CMS Energy has a 1-year low of $56.61 and a 1-year high of $76.45. The business has a 50-day simple moving average of $71.91 and a two-hundred day simple moving average of $69.49. The stock has a market capitalization of $21.88 billion, a PE ratio of 22.06, a P/E/G ratio of 2.56 and a beta of 0.34. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, sell-side analysts predict that CMS Energy will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at CMS Energy

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the transaction, the senior vice president now directly owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,200 shares of company stock valued at $789,532 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CMS Energy

Large investors have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. lifted its stake in CMS Energy by 40.8% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 28,350 shares of the utilities provider’s stock valued at $2,129,000 after purchasing an additional 8,217 shares during the last quarter. NBC Securities Inc. bought a new stake in CMS Energy during the 1st quarter worth $75,000. Czech National Bank raised its position in CMS Energy by 5.9% in the first quarter. Czech National Bank now owns 68,611 shares of the utilities provider’s stock valued at $5,153,000 after purchasing an additional 3,828 shares during the last quarter. Rhumbline Advisers boosted its position in CMS Energy by 7.3% during the 1st quarter. Rhumbline Advisers now owns 680,682 shares of the utilities provider’s stock worth $51,126,000 after buying an additional 46,487 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its stake in shares of CMS Energy by 25.7% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,559 shares of the utilities provider’s stock valued at $418,000 after buying an additional 1,138 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.