Morgan Stanley Lowers CMS Energy (NYSE:CMS) Price Target to $67.00

CMS Energy (NYSE:CMS) had its price objective dropped by equities researchers at Morgan Stanley from $69.00 to $67.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential downside of 3.62% from the company’s current price.

Several other equities research analysts have also commented on CMS. StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Wednesday. KeyCorp upped their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. Evercore ISI raised CMS Energy to a “hold” rating in a report on Friday, July 26th. Finally, Barclays raised their target price on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.21.

CMS Energy Stock Up 0.4 %

CMS opened at $69.52 on Friday. The company has a fifty day moving average of $69.72 and a two-hundred day moving average of $65.50. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.76 and a beta of 0.41. CMS Energy has a fifty-two week low of $55.10 and a fifty-two week high of $72.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. CMS Energy’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 EPS. On average, research analysts expect that CMS Energy will post 3.33 earnings per share for the current year.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CMS Energy

A number of hedge funds have recently modified their holdings of CMS. O Shaughnessy Asset Management LLC boosted its stake in CMS Energy by 80.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 16,328 shares of the utilities provider’s stock worth $985,000 after buying an additional 7,256 shares during the period. American International Group Inc. raised its holdings in shares of CMS Energy by 0.6% in the 1st quarter. American International Group Inc. now owns 76,972 shares of the utilities provider’s stock valued at $4,644,000 after buying an additional 472 shares during the period. Lazard Asset Management LLC grew its position in CMS Energy by 48,203.8% in the 1st quarter. Lazard Asset Management LLC now owns 50,719 shares of the utilities provider’s stock valued at $3,059,000 after acquiring an additional 50,614 shares in the last quarter. Energy Income Partners LLC increased its stake in CMS Energy by 8.3% during the first quarter. Energy Income Partners LLC now owns 898,774 shares of the utilities provider’s stock worth $54,232,000 after purchasing an additional 68,879 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of CMS Energy by 787.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 278,321 shares of the utilities provider’s stock worth $16,794,000 after purchasing an additional 246,976 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

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.