Morgan Stanley Increases CMS Energy (CMS) Price Target to $48.00

CMS Energy (NYSE:CMS) had its price objective raised by analysts at Morgan Stanley from $45.00 to $48.00 in a research report issued on Monday. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 6.05% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Citigroup began coverage on shares of CMS Energy in a research note on Friday, April 13th. They set a “neutral” rating and a $46.00 price target for the company. Zacks Investment Research raised shares of CMS Energy from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Wednesday, April 11th. SunTrust Banks reaffirmed a “hold” rating and set a $45.00 price target on shares of CMS Energy in a research note on Monday, March 26th. Bank of America reaffirmed a “buy” rating and set a $49.00 price target (up previously from $48.00) on shares of CMS Energy in a research note on Monday, February 26th. Finally, TheStreet downgraded shares of CMS Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 14th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. CMS Energy has an average rating of “Buy” and a consensus target price of $48.58.

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CMS stock opened at $45.26 on Monday. The firm has a market cap of $12,485.81, a PE ratio of 20.86, a price-to-earnings-growth ratio of 3.00 and a beta of 0.07. CMS Energy has a 52-week low of $40.48 and a 52-week high of $50.85. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 2.06.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Wednesday, February 14th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a net margin of 6.99% and a return on equity of 13.60%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. research analysts predict that CMS Energy will post 2.33 EPS for the current year.

In other news, SVP Catherine M. Reynolds sold 8,310 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.40, for a total transaction of $360,654.00. Following the completion of the sale, the senior vice president now directly owns 126,810 shares in the company, valued at $5,503,554. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.57% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CMS. BlackRock Inc. increased its position in shares of CMS Energy by 8.6% during the fourth quarter. BlackRock Inc. now owns 27,534,036 shares of the utilities provider’s stock worth $1,302,359,000 after buying an additional 2,182,812 shares during the period. Renaissance Technologies LLC grew its holdings in CMS Energy by 69.8% in the fourth quarter. Renaissance Technologies LLC now owns 3,234,500 shares of the utilities provider’s stock worth $152,992,000 after purchasing an additional 1,329,800 shares during the period. Zimmer Partners LP grew its holdings in CMS Energy by 185.9% in the fourth quarter. Zimmer Partners LP now owns 1,365,000 shares of the utilities provider’s stock worth $64,565,000 after purchasing an additional 887,500 shares during the period. Wells Fargo & Company MN grew its holdings in CMS Energy by 83.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,639,852 shares of the utilities provider’s stock worth $77,565,000 after purchasing an additional 744,878 shares during the period. Finally, Brookfield Asset Management Inc. grew its holdings in CMS Energy by 56.7% in the fourth quarter. Brookfield Asset Management Inc. now owns 1,534,959 shares of the utilities provider’s stock worth $72,604,000 after purchasing an additional 555,100 shares during the period. Institutional investors own 88.27% of the company’s stock.

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About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

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