CMS Energy (NYSE:CMS) received a $44.00 price objective from analysts at SunTrust Banks in a report issued on Monday. The brokerage presently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ target price points to a potential upside of 3.38% from the company’s previous close.
CMS has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Bank of America began coverage on shares of CMS Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $52.00 price objective on the stock. UBS Group began coverage on shares of CMS Energy in a research note on Friday, February 2nd. They set a “neutral” rating and a $49.00 price objective on the stock. Morgan Stanley reissued an “equal weight” rating and set a $52.00 price objective on shares of CMS Energy in a research note on Wednesday, December 13th. Finally, Wells Fargo & Co raised shares of CMS Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, December 18th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. CMS Energy currently has a consensus rating of “Buy” and an average target price of $49.05.
CMS Energy (CMS) traded down $0.23 during mid-day trading on Monday, hitting $42.56. 602,505 shares of the company’s stock were exchanged, compared to its average volume of 2,932,310. CMS Energy has a 12-month low of $40.48 and a 12-month high of $50.85. The stock has a market capitalization of $12,070.00, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.87 and a beta of 0.09. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.59.
Several hedge funds and other institutional investors have recently modified their holdings of CMS. Zions Bancorporation lifted its stake in shares of CMS Energy by 8,255.2% in the third quarter. Zions Bancorporation now owns 2,423 shares of the utilities provider’s stock worth $112,000 after buying an additional 2,394 shares in the last quarter. Archford Capital Strategies LLC lifted its stake in shares of CMS Energy by 62.0% in the second quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock worth $122,000 after buying an additional 438 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of CMS Energy in the fourth quarter worth approximately $122,000. Tower Research Capital LLC TRC lifted its stake in shares of CMS Energy by 271.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock worth $129,000 after buying an additional 1,998 shares in the last quarter. Finally, IBM Retirement Fund bought a new position in shares of CMS Energy in the third quarter worth approximately $205,000. Hedge funds and other institutional investors own 87.33% of the company’s stock.
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CMS Energy Company Profile
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.
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