CMS Energy Co. (NYSE:CMS) Receives $71.00 Consensus Price Target from Analysts

Shares of CMS Energy Co. (NYSE:CMS) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $71.00.

Several research firms have recently commented on CMS. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group started coverage on CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price for the company. BMO Capital Markets lowered their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Guggenheim lowered CMS Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.22, for a total transaction of $134,440.00. Following the completion of the transaction, the senior vice president now owns 63,197 shares of the company’s stock, valued at $4,248,102.34. This represents a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the transaction, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,686 shares of company stock worth $2,228,084. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of CMS Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its stake in shares of CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after buying an additional 719,093 shares during the period. Geode Capital Management LLC grew its stake in CMS Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock worth $528,713,000 after buying an additional 105,062 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CMS Energy by 0.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after acquiring an additional 18,403 shares during the period. Charles Schwab Investment Management Inc. increased its stake in CMS Energy by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock valued at $128,715,000 after acquiring an additional 25,196 shares during the last quarter. Finally, Truist Financial Corp raised its position in CMS Energy by 10.0% during the fourth quarter. Truist Financial Corp now owns 1,621,562 shares of the utilities provider’s stock valued at $108,077,000 after purchasing an additional 147,540 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Up 1.4 %

Shares of NYSE CMS opened at $67.08 on Monday. The firm has a market cap of $20.04 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.39 and a beta of 0.42. CMS Energy has a 1 year low of $55.10 and a 1 year 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. The stock’s 50-day simple moving average is $66.91 and its 200-day simple moving average is $67.80.

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.