CMS Energy Corporation (NYSE:CMS) had its price objective boosted by analysts at Morgan Stanley from $49.00 to $50.00 in a research note issued to investors on Friday. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential upside of 2.75% from the company’s current price.

Several other equities analysts have also issued reports on the company. BidaskClub upgraded CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Credit Suisse Group upgraded CMS Energy Corporation from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $46.00 to $50.00 in a research report on Monday, July 24th. KeyCorp restated a “buy” rating and set a $51.00 price target on shares of CMS Energy Corporation in a research report on Friday, September 1st. Guggenheim initiated coverage on CMS Energy Corporation in a research report on Tuesday. They set a “neutral” rating and a $48.00 price target on the stock. Finally, BMO Capital Markets restated a “buy” rating and set a $48.00 price target on shares of CMS Energy Corporation in a research report on Monday, July 31st. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $48.20.

CMS Energy Corporation (CMS) traded up 0.41% during midday trading on Friday, hitting $48.66. The stock had a trading volume of 1,528,651 shares. The company has a 50-day moving average price of $47.58 and a 200-day moving average price of $46.17. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $48.91. The stock has a market cap of $13.70 billion, a P/E ratio of 24.58 and a beta of 0.17.

CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by $0.08. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $0.45 earnings per share. CMS Energy Corporation’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts expect that CMS Energy Corporation will post $2.17 EPS for the current year.

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In other news, insider Garrick J. Rochow sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $47.81, for a total value of $95,620.00. Following the completion of the transaction, the insider now owns 64,307 shares in the company, valued at approximately $3,074,517.67. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jon E. Barfield sold 6,336 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $46.81, for a total value of $296,588.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,836 shares of company stock worth $561,118. Corporate insiders own 0.65% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of CMS Energy Corporation by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock valued at $1,354,091,000 after purchasing an additional 764,989 shares during the period. BlackRock Inc. lifted its stake in shares of CMS Energy Corporation by 11.6% in the 2nd quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock valued at $1,180,906,000 after purchasing an additional 2,653,503 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of CMS Energy Corporation by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock valued at $961,152,000 after purchasing an additional 2,145,055 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of CMS Energy Corporation by 1.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,588,141 shares of the utilities provider’s stock valued at $160,533,000 after purchasing an additional 63,872 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of CMS Energy Corporation by 10.3% in the 1st quarter. Geode Capital Management LLC now owns 2,749,657 shares of the utilities provider’s stock valued at $122,844,000 after purchasing an additional 257,136 shares during the period. Institutional investors own 87.45% of the company’s stock.

About CMS Energy Corporation

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

Analyst Recommendations for CMS Energy Corporation (NYSE:CMS)

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