CMS Energy (CMS) Price Target Cut to $45.00

CMS Energy (NYSE:CMS) had its target price cut by Morgan Stanley from $49.00 to $45.00 in a report released on Tuesday. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential upside of 4.53% from the stock’s previous close.

CMS has been the topic of a number of other reports. SunTrust Banks restated a “hold” rating and set a $45.00 price target on shares of CMS Energy in a research note on Monday, January 29th. Zacks Investment Research upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research note 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 target 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 target on the stock. Finally, Wells Fargo & Co upgraded shares of CMS Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, December 18th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.41.

Shares of CMS Energy (CMS) traded up $0.17 during mid-day trading on Tuesday, hitting $43.05. 3,040,544 shares of the company were exchanged, compared to its average volume of 3,018,971. The stock has a market cap of $12,067.32, a PE ratio of 22.31, a P/E/G ratio of 2.87 and a beta of 0.09. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. CMS Energy has a 12 month low of $40.48 and a 12 month high of $50.85.

In other CMS Energy news, insider David G. Mengebier sold 2,500 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $49.48, for a total value of $123,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.65% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sentry Investment Management LLC increased its holdings in shares of CMS Energy by 0.9% in the 2nd quarter. Sentry Investment Management LLC now owns 21,980 shares of the utilities provider’s stock worth $1,017,000 after buying an additional 201 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in shares of CMS Energy by 62.0% in the 2nd 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 during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of CMS Energy by 4.1% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 30,173 shares of the utilities provider’s stock worth $1,398,000 after buying an additional 1,191 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of CMS Energy by 3.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 39,061 shares of the utilities provider’s stock worth $1,809,000 after buying an additional 1,210 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of CMS Energy by 2.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,831 shares of the utilities provider’s stock worth $2,632,000 after buying an additional 1,252 shares during the last quarter. Institutional investors and hedge funds 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.

Analyst Recommendations for CMS Energy (NYSE:CMS)

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